I have been in the crypto world for 8 years, and the current situation is: the economic and point shaving cycles have completely reversed. Globalization has ended.

Summarized the following rules:
1. The long-term win rate in the crypto world is far lower than that of casinos.
In the short term, there are both gains and losses within a few months, but more than 90% are losing money in over a year, and 99% are losing money in over five years. Therefore, the best gambling strategy in the crypto world is to take profits and leave, but no one can actually leave when they are making money; they usually end up cutting their losses and leaving.
2, those who join many groups tend to lose money faster than those who join fewer groups. Joining many groups will only lead you to fall into greed and fear when trading coins, entering the herd effect.
In the WeChat group, the group members will dislike people with different opinions due to the herd effect, so you can't speak freely in the group and can only express the wishes of the group members. Therefore, there is often no truly meaningful information in many groups.
3, the big influencers you follow have mentioned it frequently, but you still can't make money because you're watching too many big influencers, which confuses your mindset.
4. Some big accounts can achieve a spiral increase based on their winning rate, but you cannot because you care about your own money, while their key to winning is to only use a portion of their money for trading, resulting in less psychological pressure. They don't care and can withstand floating losses, closing their positions only when they are in profit.
The biggest difference lies in whether one can endure, rather than whether one sees it right or wrong.
Many times you were right, but you made the wrong move, and when it came to making a profit, you didn't dare to hold on and ended up cutting losses.
So you need to strengthen your ability to make money off-exchange as a backup, that way you'll have the confidence to hold the position.
In summary: Making money in the crypto world relies solely on information asymmetry (which you do not possess), continuous earnings from off-exchange support (you fantasize about relying only on your savings), being able to withstand losses (you are always afraid of losing all your funds), understanding the larger cycles (you always focus on short-term fluctuations), and not joining group chats (you always want to see what others are doing, becoming an impulsive emotional trader and a latecomer in the herd).
But you came all the way opposite, and I didn't dare to remind you in the crypto world.
Only the community strategy can continuously remind of risks, because relatively speaking, those who can accept certain thresholds need to be more rational.
The real trend always runs counter to the collective emotions of retail investors, and those who remind others in the chat group will offend the vast majority.
Are you still carving boats? Do you still expect to get rich just by gambling?
The truth is always hard to hear.
#BTC #ETH #SOL #PI #PEPE