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Regarding making money in the crypto world, I want to share some heartfelt words.
Many people ask me how to stay relatively stable in this market. The secret isn't that mysterious—it's mainly about not letting greed hijack your judgment.
I've seen too many traders who tasted success early on with contracts, only to lose money one trade after another later. It's not that they're not smart; it's that the essence of contracts is a game of probabilities. Once you're overly optimistic, losing money becomes almost certain. Those so-called "contract experts"? Most of them make money through signal calls and community operations, not from trading itself. If you truly want to go long-term, it's better to stay away from contracts.
What about spot positions getting trapped? Honestly, there are only two issues:
First, how deep is the loss? If you didn't chase at extreme highs and your principal is still intact, it's normal to see your investment multiply several times when the next wave of market rises.
Second, and this is the real challenge—can you really wait after selling? Most retail investors' problem isn't whether they'll cut losses, but that after cutting losses, they can't resist jumping back in. When a positive news or group sentiment triggers them, they buy back at higher levels, making the trap deeper—turning into a self-fulfilling prophecy.
Looking at those who truly make money in this space, they excel at one point: they exit when it's time, and after exiting, they can truly go into cash.
The crypto world isn't that complicated; the difficulty lies in controlling desires and learning to wait. If you can do this, you've already surpassed most people.