Is the cryptocurrency world all about luck or skill? I've been asked this question for many years, and I think the answer is already very clear.
To truly master the art of trading coins, the "10,000-hour rule" is no joke. Spending 8 hours a day, reviewing and reviewing again over more than 200 trading days a year, it takes about 5 years to build a solid foundation. But even after 10 years of practice, no one can escape big pitfalls. So my advice is simple: in the first 10 years, don't invest an amount of money you can't afford to lose.
Look at those who have traded from tens of thousands to hundreds of millions or even billions—many of them achieved this through leveraged contracts. But there's a problem—many people also lost everything in a single market cycle because of contracts. When facing a big trend, people's judgment tends to collapse easily.
I've summarized a few hard-leverage principles for navigating the crypto space, whether you're a beginner or a veteran, you must remember:
**Market fluctuations are unpredictable; mindset is king**
Don't shout the top when prices are rising, and don't rush to set a bottom when prices are falling. Whether Bitcoin can break 150,000 depends on when the market truly goes crazy. The bottom you think you see might just be a pause, and the real bottom could be so deep that you can't see it.
**Enter gradually, win steadily**
The big players are never in a hurry. They strictly control each entry and exit within 1% of their account. What's the benefit? More room for mistakes, cheaper tuition, and lower risk.
**Dare to chase highs to seize opportunities**
The biggest losers in crypto are those afraid to chase high. The main players' cost structures are far more complex than you think—publicity, chips, technical development—all of which can be several times or even dozens of times the investment. True opportunities often come when chasing highs.
**Bull markets are the only chance to turn things around**
Take Buffett as an example—he's smart, but if he misses the market cycle, he can only wait in a bear market. Catching the bull market is like opening the door to wealth.
**Confidence is the killer move**
Real experts are very confident. Even after experiencing losses, they are not defeated because they are convinced they will ultimately win the market. This belief itself is the engine of their success.
In essence, trading cryptocurrencies is not only a contest of skill and luck but also a battle of mindset and judgment. Don't rely solely on luck; the true keys to consistent profits are technology, strategy, and execution.
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FlashLoanLord
· 7h ago
That's true, but I think 99% of people can't stick to a 5-year review at all. They've already gone all-in or cut their losses and run away long ago, haha.
View OriginalReply0
SadMoneyMeow
· 7h ago
Sounds good, but ultimately it's all about luck. No matter how much technology you have, you can't withstand a major crash.
View OriginalReply0
SeeYouInFourYears
· 7h ago
The cost of 10 years of tuition, huh? Still need to suffer a few more losses to truly understand.
View OriginalReply0
SandwichVictim
· 7h ago
Nice words, but it's still just the same gambler psychology.
Is the cryptocurrency world all about luck or skill? I've been asked this question for many years, and I think the answer is already very clear.
To truly master the art of trading coins, the "10,000-hour rule" is no joke. Spending 8 hours a day, reviewing and reviewing again over more than 200 trading days a year, it takes about 5 years to build a solid foundation. But even after 10 years of practice, no one can escape big pitfalls. So my advice is simple: in the first 10 years, don't invest an amount of money you can't afford to lose.
Look at those who have traded from tens of thousands to hundreds of millions or even billions—many of them achieved this through leveraged contracts. But there's a problem—many people also lost everything in a single market cycle because of contracts. When facing a big trend, people's judgment tends to collapse easily.
I've summarized a few hard-leverage principles for navigating the crypto space, whether you're a beginner or a veteran, you must remember:
**Market fluctuations are unpredictable; mindset is king**
Don't shout the top when prices are rising, and don't rush to set a bottom when prices are falling. Whether Bitcoin can break 150,000 depends on when the market truly goes crazy. The bottom you think you see might just be a pause, and the real bottom could be so deep that you can't see it.
**Enter gradually, win steadily**
The big players are never in a hurry. They strictly control each entry and exit within 1% of their account. What's the benefit? More room for mistakes, cheaper tuition, and lower risk.
**Dare to chase highs to seize opportunities**
The biggest losers in crypto are those afraid to chase high. The main players' cost structures are far more complex than you think—publicity, chips, technical development—all of which can be several times or even dozens of times the investment. True opportunities often come when chasing highs.
**Bull markets are the only chance to turn things around**
Take Buffett as an example—he's smart, but if he misses the market cycle, he can only wait in a bear market. Catching the bull market is like opening the door to wealth.
**Confidence is the killer move**
Real experts are very confident. Even after experiencing losses, they are not defeated because they are convinced they will ultimately win the market. This belief itself is the engine of their success.
In essence, trading cryptocurrencies is not only a contest of skill and luck but also a battle of mindset and judgment. Don't rely solely on luck; the true keys to consistent profits are technology, strategy, and execution.