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Having lost over 100 million, I speak from personal blood and tears, and once again advise everyone: if you want to choose the cryptocurrency industry, you must read this:
Trading should be started early; in your twenties, your greatest capital is being able to afford to lose. If you only have a few tens of thousands in your pocket, losing it all is no big deal—you can deliver takeout or do odd jobs to earn it back, and have plenty of time to start over. Falling and getting hurt at this age hurts, but it’s not fatal.
What’s truly frightening is diving in at thirty or forty; by then, you have elders to support and children to raise, carrying mortgage and car loan pressures. A single loss could mean the collapse of your entire family. Even more deadly is that people at this age generally carry a life experience filter, thinking they’ve been through so much in society that they know everything. In the market, they tend to stubbornly hold on and refuse to admit defeat, losing half a lifetime’s savings in one go.
Many worry that young people getting into crypto will lose focus on steady work, but this is actually the wrong cause and effect. Someone who inherently always wants to take shortcuts and dreams of getting rich overnight, even if they don’t trade, will still get involved in pyramid schemes, P2P lending, or various scams. Conversely, those who have truly suffered losses in trading and have seen the market’s cruelty will understand better than anyone the value of stable cash flow and will cherish their jobs even more.
Of course, 99% of people will ultimately lose money in trading. But some pitfalls, if they don’t experience them firsthand, they will never be willing to accept. Falling early and waking up sooner is much better than risking everything in middle age to pay tuition fees. #WCTC交易王PK