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I've always been confused about one thing:
Why are there always people buying so many trash coins?
Hundreds or even thousands of dollars pouring in,
Losing once, twice, ten times, yet still buying.
Later I understood
I saw an older brother in the group.
In debt, loans, borrowing money from friends,
Just unblocked 20,000 yuan, evaporated in a few days.
He kept asking what to invest in, if there was anything that could be all-in directly? Doubling it would be enough
I couldn't give advice,
Because in this market,
Even staying alive is not an easy task.
As a result, he started buying recklessly, chasing every rise, rushing at every hot topic, making decisions every few minutes,
Account zeroed out in hours.
The most heartbreaking thing is,
Once he just received a salary of 7700,
Not long after getting it,
He lost 5500.
At that moment I finally understood:
Trash coins are not lacking in liquidity, because the market is not short of despairing people, nor short of fools.
They are not investing, but gambling, just hoping for a big win, but in the end, nothing comes of it.
A few blunt pieces of advice for the crypto circle:
In debt, stay away from trash coins, do not play with contracts
The more you want to turn things around, the more you become liquidity itself, you can accumulate principal by participating in activities and earning rewards
When you lack judgment, holding no position is the best solution
Not placing orders is not wrong; reckless trading is slow suicide.
Never go all-in, because the only ending in crypto is zeroing out
Never borrow money to trade crypto
Those who can survive long-term in the crypto world are never the fastest winners, but the slowest losers.
If you find yourself:
Out of control emotionally, eager to recover,
Staring at trash coins every day for salvation—
Then what you should do is not buy another coin,
But turn off the exchange and first protect yourself.
Hope everyone can preserve their principal in a bear market, and fight again in a bull market##SEND