Many people are unwilling to admit one thing: trading cryptocurrencies is indeed the fastest way for ordinary people to go bankrupt.
It offers you not opportunity, but illusion. 24-hour trading, high leverage, sharp rises and falls—exciting like a casino. You think you're investing, but you're actually betting on emotions. Double your money today, lose half tomorrow. When you're profitable, you think you're gifted; when you lose, you don't dare look at your account. The cruelest part is that it will first give you a little taste of success. A few small wins make you think "I get it," only to be wiped out when you increase your position. It's not that your skills are lacking; it's human nature that can't withstand it. Greed enlarges your positions, while fear makes you cut your losses at the lowest point. Even more frightening is that many people don't lose because of the market, but because of their pride. They refuse to admit defeat, stubbornly hold on; if they get margin called, they refuse to accept it and borrow money to recover. In the end, it's not the market that destroys you, but yourself closing off all escape routes. This market can make people successful, but it can also swallow them whole. It never intentionally harms anyone, but it specifically punishes those who are not clear-headed.
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Many people are unwilling to admit one thing: trading cryptocurrencies is indeed the fastest way for ordinary people to go bankrupt.
It offers you not opportunity, but illusion. 24-hour trading, high leverage, sharp rises and falls—exciting like a casino. You think you're investing, but you're actually betting on emotions. Double your money today, lose half tomorrow. When you're profitable, you think you're gifted; when you lose, you don't dare look at your account.
The cruelest part is that it will first give you a little taste of success. A few small wins make you think "I get it," only to be wiped out when you increase your position. It's not that your skills are lacking; it's human nature that can't withstand it. Greed enlarges your positions, while fear makes you cut your losses at the lowest point.
Even more frightening is that many people don't lose because of the market, but because of their pride. They refuse to admit defeat, stubbornly hold on; if they get margin called, they refuse to accept it and borrow money to recover. In the end, it's not the market that destroys you, but yourself closing off all escape routes.
This market can make people successful, but it can also swallow them whole. It never intentionally harms anyone, but it specifically punishes those who are not clear-headed.