Thinking back, over the years in the crypto world, I lost money mainly because I believed these phrases:


“Spot trading is safe”
“Shanzhai projects won’t fall further”
“It’s already dropped 95%, it can’t fall anymore”
“This product has real income, the coin is undervalued”
“This time is different” “The project has secured major institutional funding, with a strong background”
“The team is actively working”
“Bitcoin is consolidating, shanzhai projects are about to catch up”
In the next cycle, I will only trust myself, only trust mainstream, only trust risk control, and I will never be fooled by these toxic motivational quotes again. I believed every single one of these phrases, and every one caused me to lose money. There are no free lunches in the crypto world; all the words that make you “feel safe to buy” are essentially just prelude to a scam.
#币圈 #Investment lessons #加密货币 #Bear market survival
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