In the crypto world, I had the privilege of having a tea and discussing with an experienced veteran. He started with 500,000 and went through ups and downs. At one point, he had only 50,000 left, but now his net worth is in the millions.

He talked to me about why most people can't make money in the currency circle now, and roughly summarized the following points, full of gold content, hoping to inspire friends who brush it.

1. Weak foundation, narrow vision, insufficient understanding, only know how to follow the trend, chase rising prices and sell with bearish market, frequent stop loss.
2. Many years of investment, but no substantial progress, without delving into the reasons for profit and loss.
3. Most people invest blindly, and making a lot of money is mostly accidental, with few people mastering the correct logic.
4. Impulsiveness and aggressiveness are the sources of losses. Inappropriate ideas and methods without flexibility.
5. Loss-makers are hard to change because they lack the ability to foresee results and are entrenched in their ways.
6. Lack of the ability to distinguish between true and false, blind learning.
7. Investors have no access to self-study, listen to many KOLs, and feel confused.
8. Trusting messages without verification can lead to unstable contracts and potential losses.
9. Investing without understanding the economy often leads to heavy losses when facing market turning points.
10. When the macro trend is unfavorable, without working hard to study supply and demand analysis, repeating mistakes, it is difficult to bail-in.
11. There are many strategies in the crypto world, and you need to find the one that suits you. For example, I first judge the macro trend, then look for support levels to buy and resistance levels to sell. Short-term losses should not be of concern. The key is to determine whether the trend exists and protect your capital to seek opportunities.

This experience is not only the accumulation of wealth, but also the precipitation of wisdom. I hope that every friend sailing in the crypto world can gain inspiration from it and find their own course.

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