Most of the time the Crypto Community gets rich by luck

Recently, the myth of the winter of the inscription has attracted the attention of many new users, although everyone is more concerned about how to make money by playing inscriptions, and the ten truths of the Crypto Community under the myth of getting rich have allowed Meng Xin to have a deeper understanding of the Crypto Community.

1. Zeroing risk of earth dogs: up to 99.99%

Earth dogs usually refer to AltCoins with small market caps and unclear project white papers. Although many people believe that investing in Tugou can achieve financial freedom, in fact, the risk of returning to zero is as high as 99.99%. Therefore, don't invest in earth dogs, this is tantamount to gambling, and it is very likely that you will lose all your money.

2. The timing of making money is not heard, it is researched

When you hear that something is profitable, it's basically time to take over. This quote is full of irony, but it is true. When most people are aware of an opportunity, the market is close to saturation, and those who enter the market at this time can often only become pick-ups. Therefore, it is wise to identify potential projects in advance and lay them out.

3. There are often traps behind skyrockets

When you are more and more sure that a coin is going to skyrocket, it is often the time for the dealer to collect the food. Crypto Community is full of fake news and speculative traps. When we are confident in a coin, it is also possible that it is the trap set by the dealer, waiting for us to take the bait. Always keep a clear head and think independently, in order to remain undefeated in this market full of temptations.

4. It is not easy to make money: Many people think that the money in the Crypto Community is easy to make, but it is actually easier to lose.

Because the Crypto Community market is full of uncertainties, a little carelessness may lead to serious losses. Many times, investors fail not because of bad luck, but because they lack reverence and awareness of the market. Therefore, investing in the Crypto Community must be cautious and not careless.

5. Don't trust KOLs too much

As Key Opinion Leaders (KOLs), these people have a lot of influence in the circle and seem to be infinite. However, for the sake of personal gain, many KOLs do not hesitate to resort to unfair means to make huge profits. If they play by the rules, they may not even earn as much as the average investor.

6. The success rate of the contract is less than 10%

Futures Trading is a high-risk, high-return investment method that most people have planted in it. What makes a contract so appealing is that it has a huge leverage effect, but it also means that the risk increases exponentially. Many investors fantasize about getting rich overnight through Futures Trading, but few people end up making money, and losing money abounds.

7. The dealer is not the enemy

You think that the bookmaker is your enemy, but in fact, the bookmaker plays an important role in the Crypto Community market. But if you know how to monitor where Satoshi's money goes, you may be able to get a piece of the pie.

8. Opportunities behind market Fluctuation

Just when you think the market is about to collapse and everything will go to zero, in fact a Bull Market may be coming. Fluctuation in the Crypto Community market is far more dramatic than traditional financial markets. In this market, we need to be rational and patient and avoid being swayed by extreme emotions. The transition of market cycles is often unexpected, and a Bear Market is likely to be followed by a Bull Market.

9. The illusion of value investing

In the Crypto Community, many people think that value investment should be made, but in fact, all coins have no value, and what really generates value is people's greed. In the Crypto Community, a market full of speculation and bubbles, there are very few projects of real value. The value of the Crypto Community is often created by people's greed. Therefore, in this market, we should remain rational and avoid blindly following the herd.

10. Getting rich most of the time depends on luck

In the Crypto Community, many people think that getting rich requires hard work, and finally find that the money is blowing in the wind. It is undeniable that in the Crypto Community, a market full of possibilities, some people have achieved success through hard work. However, more often than not, getting rich is actually more a matter of luck. Therefore, you should not be overconfident in your own efforts, but should remain humble and recognize that the market is impermanent.

The Crypto Community is indeed a rare market full of opportunities, but the risks are equally fierce. Here, we need to remain rational and think independently to avoid becoming leeks to be harvested. At the same time, we must also recognize the impermanence of the market and maintain the awe of risks in order to survive in the fascinating world of the Crypto Community for a long time.