📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
💡 Content creation + airdrop participation = double points. You could be the grand prize winner!
💰Total prize pool: 4,464 $ESPORTS
🏆 First Prize (1 winner): 964 tokens
🥈 Second Prize (5 winners): 400 tokens each
🥉 Third Prize (10 winners): 150 tokens each
🚀 How to participate:
1️⃣ Publish an
4 crypto world trivia that no one tells you, understanding them early can save you a lot of detours.
First: The cost of averaging down is not calculated the way you think.
For example: You bought 10 for 10,000, and later it dropped to 5 and you bought 10,000 again. You think the average cost is 7.5? Actually, it's not; it's 6.67. Because you bought more coins at 5, it lowered the average cost. Don't be fooled by the surface numbers; make sure to calculate clearly to avoid panic.
Second, earning only 1% every day will still multiply ten times in a year.
You have 100,000, and if you steadily earn 1% every day and stop, it can turn into 1.32 million after 250 trading days in a year. Sounds like a dream? Just calculate the compound interest yourself to see. The hard part isn’t the calculation, it’s the discipline to take the profit and run.
Thirdly, a success rate of 60% can also earn a lot.
If you operate 100 times, with 60 profitable trades earning 10% each and 40 losing trades losing 10% each, overall you would make a profit, totaling 300%. It sounds simple, but in reality, many people can't even manage to take profits or cut losses and rely solely on luck, eventually losing it all.
Fourth: Turning 10,000 into 100 million is theoretically possible, but don't expect it in reality.
Every time you earn 10%, winning 97 times in a row can turn 10,000 into 1 billion. It sounds good, but almost no one can do it. Why? Two words: greed. Most people want to double their earnings after making a little profit, and in the end, they lose everything.
Summary
Investing in coins is not just about technology and luck, but also about mindset and execution. Steadiness is key; don't fantasize about achieving success overnight. Only by staying in the game can you have the opportunity to see the benefits of a bull market.
The scariest opponent is not the market, but the uncontrolled self
Making the right trades relies on technology, but long-term survival depends on mindset.