$SIREN The crypto world has infinite possibilities, and often it's the new investors who understand the least that make the most money.
Take this beauty for example @赌狗们的妈妈
I summarized the characteristics of these new investors into three points.
1: Tendency to go long: Coins like siren have a characteristic of particularly enjoying liquidating short sellers. Previous coins like trb and river were like this. Altcoins may go to zero, but only after the market makers have wiped out all the short sellers. Newbies don't understand the concept of shorting and often choose to go long.
2: Lack of understanding of position size: This beauty privately messaged me saying she even thought the amount of margin transferred was the quantity of positions she could open. What she thought was a heavy position was actually just a 1/20 position under 20x leverage. Position management exceeds how many gamblers there are in the square.
3: Ability to hold: Unlike seasoned investors who run away at the slightest pullback. New investors won't set profit-taking limits, and when encountering these coins that have a one-sided bullish trend, they are sure to make a fortune.
How should we evaluate this? Foolish people have foolish blessings, or is it that wisdom is like foolishness?