Currency Circle Pitfalls: Why People Lose Wealth

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Many people went through the bull market in the currency circle at the beginning. It’s not that they didn’t make money. It doesn’t matter in the bear market, and they can’t lose a lot of money. Especially for newcomers, why didn’t they keep the wealth they earned in the end? The main reasons are as follows: #BTCBTC#

1. In the early stages of a bull market, one often earns a wave of wealth beyond one's knowledge in a short period of time due to boldness, daring to dart, and good luck. In the end, due to greed and dissatisfaction with earning less, one wants to earn more, which leads to Profits are being taken back, so they become unwilling to give up, increase funds, or increase leverage, make contracts, etc. In the end, success depends on luck, and returns the capital and profits to the market based on strength.

2. I don’t understand anything. I just heard people say that it is easy to make money here. Whether it is spot or contract, as long as it is a bull market, you can make a lot of money if you stay flat. In the early stage of the bull market, you do not dare to take heavy positions. In the later stages, you will take more heavy positions to chase the rise. Slump, the main force is shipping, but they swarm into the market to stand guard.

3. Before entering the currency circle, due to lack of knowledge, I lost a lot of money on projects or transactions. I was heavily in debt and thought I could make money quickly in this circle. I made a little in the early days of the bull market and lost awe of the market. In the end, Adding insult to injury.

In fact, in the past few years, I have come into contact with many people and things in the currency circle. The money earned by luck can only be saved in the currency circle in the end.

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