The Truth About the Cryptocurrency World: Money Earned by Luck Will Ultimately Be Lost by Skill, Without Exception
In the cryptocurrency world, many people have had experiences like this: they catch a wave of market trends, accidentally make some money, and think of themselves as the "Crypto God", believing that trading cryptocurrencies is easy. As a result, they increase their investment, take high risks, and leverage their positions. When the market reverses, all the money they earned before is lost, and they even lose their principal, or end up in debt.
In fact, there is an unchanging truth in the cryptocurrency world: money earned by luck will ultimately be lost by skill, without exception! When I first entered the cryptocurrency world, I caught the market trend after the ETF approval, making a profit of 1 million in just 3 months. I once floated, thinking I could achieve financial freedom through cryptocurrency trading, so I leveraged 10 times my position on Bitcoin. As a result, a slight market correction led to a complete liquidation, and my 1 million profit was wiped out in an instant, along with an additional loss of 500,000 in margin. It was only later that I understood that while it is possible to earn money in the short term through luck, long-term profits depend on knowledge and discipline. You will never earn money beyond your understanding; even if you earn it by luck, you will inevitably lose it due to a lack of understanding.
There are no stock gods in the cryptocurrency world, only greedy chives. If you want to make money in the long run, you must calm down, improve your understanding, maintain discipline, avoid greed and gambling, only use spare money for cryptocurrency trading, and set up proper profit-taking and stop-loss measures. This way, you can protect the money earned by luck and potentially earn even more through skill.