Today marks the 538th day I've posted updates without missing a single day. Each post is carefully prepared, never perfunctory. [微笑] If you think I'm a diligent person, feel free to join me, and I hope the daily content can help you. The world is vast, and I am small—give me a follow so you don't lose track. [微笑][微笑]
It's very difficult for poor people to turn their lives around by speculating on cryptocurrencies; more often, they only end up poorer. Having little money means your margin for error is almost zero. Even if a big player loses 50%, they still have tens of millions left and can even buy more to lower their average cost, waiting for the next bull market. But because you don't have much savings, when a crash happens—like the 50% drop in October this year—not only does your mindset collapse, but your real life immediately faces problems. You'll be forced to sell at the lowest point because you need that money to eat. It's a vicious cycle: you want to take risks because you lack money, but because you lack money, you can't hold on.
When you put your entire fortune on the line, your mentality becomes extremely distorted. Even a normal technical correction of 10%—what a big investor sees as a discount—you see as a disaster: there goes half a month's salary.
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Today marks the 538th day I've posted updates without missing a single day. Each post is carefully prepared, never perfunctory. [微笑] If you think I'm a diligent person, feel free to join me, and I hope the daily content can help you. The world is vast, and I am small—give me a follow so you don't lose track. [微笑][微笑]
It's very difficult for poor people to turn their lives around by speculating on cryptocurrencies; more often, they only end up poorer. Having little money means your margin for error is almost zero. Even if a big player loses 50%, they still have tens of millions left and can even buy more to lower their average cost, waiting for the next bull market. But because you don't have much savings, when a crash happens—like the 50% drop in October this year—not only does your mindset collapse, but your real life immediately faces problems. You'll be forced to sell at the lowest point because you need that money to eat. It's a vicious cycle: you want to take risks because you lack money, but because you lack money, you can't hold on.
When you put your entire fortune on the line, your mentality becomes extremely distorted. Even a normal technical correction of 10%—what a big investor sees as a discount—you see as a disaster: there goes half a month's salary.