How long does it take to make 1 million in the crypto world?
Making 1 million in the crypto world is actually quite simple.
Why do you work so hard and still make very little money in a year, while some people only need a few days to make 1 million?
Ordinary people are attracted only when it is rising, and that is when they become optimistic.
This means that when they come in, they have no way to start, all at high positions.
They look down on the low positions and are afraid of heights when it’s rising.
In the end, what they are optimistic about keeps rising until they can't take it anymore and decide to go in.
Once they enter, they happen to catch a pullback and are left dumbfounded, seeing 10 days or half a month of red.
During this time, they see that others who didn’t buy are doing well in the green.
They cut losses and go in another direction, thinking they can make back their losses in a new direction.
But then there’s another pullback... a vicious cycle.
They keep chasing the highs and selling the lows...
They are only optimistic because it’s rising, thinking it can make money, nothing more.
In an uptrend, those playing long-term should enter when the monthly line is turning up and then not move.
Set aside some for short trading, find the popular ones that have pulled back, and go in.
Take some profit and leave; the probability of problems will be low.
Just the other day, I entered
#river and
#zec ; their positions are quite good.
Because they have adjusted, after a few days of good gains, whether to exit depends on oneself.
If you buy incorrectly in the short term and are at the top, you need to recognize your mistake in time; don’t drag it out. If you drag it out for years, you will never recover your capital.
Why is it difficult for ordinary people to make money?
The answer is right here.
As long as you follow Brother Knife’s strategy, there is no money you can’t make.
Previously at 2750, the long position in Ethereum and the 84650 Bitcoin long position have been profitable.