Cryptocurrency markets are seen as a very easy-to-earn industry from afar. New investors entering the sector with this approach realize that the rosy picture drawn for them after sleepless nights, stressful days and financial losses is a scam.
Yes, crypto money markets offer many profit opportunities as it is a newly developed and technology-based instrument. However, this does not mean that every investment will be 100% successful.
Because, when we look at the general picture, we see that even in bull markets, 70% of them are constantly in loss. Among the main reasons for this are not doing research and getting fomo.
Entering a coin you heard from someone with more money than you can afford to lose without doing any research makes you a gambler, not an investor. It also makes a bad gambler. Because the smart gambler knows that he is gambling and controls his risk accordingly.
Binance CEO made a post on CZ, emphasizing the importance of research in cryptocurrency investments. Cz stated that as a simple earning method, it is necessary to look at the benefits of crypto money to the ecosystem, not prices, and used the following statements;
“If you are trading based on price, you have to be a really good trader to win.
When you hold a product for its utilitarian growth, life is much simpler.”
Cz’s strategy was also responded to by Bitcoin whale Michael Saylor. Saylor once again stated that his strategy is “buy Bitcoin and wait”.
#Bitcoin and Wait.
— Michael Saylor⚡️ (@saylor) January 4, 2022