If you are over fifty, then my advice is to hold 10 Bitcoins, that is enough!
After all, the future value of Bitcoin is very likely to soar to the million level. Conservatively estimated, one Bitcoin is worth a million, and 10 is worth ten million. Holding 10 Bitcoins is equivalent to having an ordinary working elite's lifetime income!
If you are in your forties, then 5 Bitcoins are already sufficient.
If you are in your thirties, then 2 Bitcoins will be enough to satisfy you.
If you are in your youthful years, then 0.5 Bitcoins is already sufficient.
If you are still a child, then 0.36 Bitcoins is already sufficient.
If you are in your 30s or 40s and currently hold 20 Bitcoins, then you have the key to a free life. If you hold 100 Bitcoins, the whole world will be at your beck and call. Keep it up, friends in the cryptocurrency circle!
There are many ways to make money, but the lessons learned often have much in common.
My experience of 13 times return in the cryptocurrency market over one year and investment strategy:
First major principle: Selecting products and timing: Research good targets and understand how to buy them.
There are several indicators for buying good targets:
1. Fundamentals. If the fundamentals are good, you can hold for the long term. This way, at worst, you will be stuck for 3-4 years, but in the next bull market, you can still earn several times your investment.
2. Price, the buying price is not high and is at a relatively low level.
3. Timing. If there is a trend later, breaking even will be quicker, for example, if there is strong positive news later.
For example, buying at the end of a bear market is better than buying at the beginning of a bear market.
After all, in the early bear market, your money may be stuck for 1-3 years; buying at the end of the bear market.
The trend will quickly rise, and your money will quickly multiply.
Second major principle: Research the top indicators clearly, and make low buys and high sells based on the entire bull market cycle.
The core bull market top indicator I have been using in the internal community:
1. BTC market capitalization ratio, if the bull market peaks, it is highly likely to break the previous low of 36, and special attention should be paid if it breaks 40, for example, 9.7 is a significant drop after fluctuating around a market capitalization ratio of about 40.
2. ETH/BTC ratio, if it breaks above 0.1, the target will reach around 0.12 or even 0.14-0.2. If it breaks above 0.1, you must pay special attention to the risk of a significant pullback.
The third major principle, coin-based, is a very important core idea for me. I earn coins by setting up a grid based on coins.
I am coin-based; although many people buy various altcoins, in the end, 96% of people do not outperform Bitcoin. Therefore, my goal is to earn Bitcoin through market fluctuations, especially by selecting my varieties to earn Bitcoin, using a quantitative grid to set up a Bitcoin-based grid order, so my risk will be lower. If other coins rise relative to Bitcoin, I will sell them in batches to buy Bitcoin; if the market falls, I will sell Bitcoin to buy those coins (because Bitcoin will generally fall less than other coins).
Fourth major principle: Combining long and short trading systems: For example, my long-term position is in national currency, and I absolutely do not engage in short-term high selling and low buying. My short-term position uses quantitative grids to automatically help me with high selling and low buying. The profits from the grid's high selling and low buying are similar to the profits from my coin holding increase.
Fifth major principle: Patience, laying low, patiently holding coins, and not chasing highs. You must have patience; valuable coins will definitely rise. There are cycles in the market, and it is impossible to catch every surging coin while remaining inactive. When you want to sell to chase other surging coins, take some time to study the coins you bought, their teams, business track, official websites, and communities (Twitter, Instagram), etc.
Don't sell just because you've waited too long and then only saw a slight increase. After waiting so long, you miss out on the significant rise. As the saying goes, holding coins is harder than holding a widow; the best way to hold coins is to set up a grid, especially a coin-based grid, so you can outperform hoarding coins while keeping the risk relatively low.
Sixth major principle: You must carefully consider your trading rhythm and trading cycle.
Many people look at the market every day but do not know what cycle they should be looking at. If you are looking at minute charts, it can be stressful as the results can change every minute, affecting your sleep and appetite.
Generally, you should first look at the larger cycles and then look at the smaller cycles.
If you are a long-term holder, look more at weekly charts, then daily and four-hour charts, and occasionally check 1-hour and 30-minute charts mainly to identify buying opportunities. You should basically avoid looking at 1-minute and 5-minute charts; I used to make big mistakes by often checking those, leading to anxiety over profits and losses. Short-term trading is likely to result in holding fewer coins, and many people can't even make a profit, let alone increase the number of coins they hold.
Look at the time cycles of K-lines to determine the maximum holding time: 1 minute, dozens of minutes; 5 minutes, several hours; 15 minutes, one or two days; 1 hour, several days; 4 hours, several weeks.
The basic principles of Dow Theory combined with the actual situation in the cryptocurrency market can be summarized in the following six points.
First, the average price encompasses and absorbs all factors. Fundamentals, policies, news, and capital can all affect supply and demand, and all of this will be directly reflected on the market, which ultimately absorbs these changes through price fluctuations.
Second, the market has three types of trends. Dow divides trends into three categories: primary trends, necessary trends, and temporary trends.
Main trends are like the tides of the sea, belonging to long-term trends, similar to the cyclical changes of the seasons, with bull and bear cycles having no beginning or end. Secondary trends are the waves in the tide, representing the corrections within the primary trend, generally pulling back to the three significant Fibonacci levels of 38%, 50%, and 62%. Temporary trends are ripples, indicating minor fluctuations, which are highly uncertain and change rapidly.
Third, the major trend can be divided into three stages. The first stage is the accumulation phase, similar to the yin and yang, indicating that at the end of the bear market, although everyone is bearish, the price has already fallen to a level where it can't drop any further, and the main force begins to accumulate in batches at this time.
The second stage is the bull market attack phase, where positive news begins to emerge, and most technically knowledgeable retail investors gradually enter the market, with prices starting to rise gradually.
The third stage is the climax sprint, during which major media start to flood the market with good news, boldly predicting further price increases. Retail investors actively buy in, and no one wants to sell for fear of missing out on this once-in-a-lifetime opportunity to make money. However, in reality, the main force that bought at the bottom has already started to sell.
Fourth, various average prices must mutually verify each other. For instance, the combined increase of Bitcoin and mainstream coins must exceed the peak value of the previous mid-trend to be considered the onset of a large-scale bull market! Similarly, if the combined decrease of Bitcoin and mainstream coins falls below the neckline position of the high-level oscillation phase in the bull market trend.
Fifth, trading volume must validate the trend. Dow believed that volume is second in technical analysis; when the price is moving along with the major trend, the trading volume should also increase accordingly.
Sixth, we can only determine that an established trend has ended after a clear reversal signal occurs. A major trend has inertia and will generally continue to move in the main direction for a while, so we must wait for confirmation of the trend's reversal, for example, the head and shoulders pattern must confirm the breakdown of the neckline to count as a trend reversal.
Dow Theory is a macro technical analysis system aimed at capturing the most significant segment of important market movements in actual trading, which is the most succulent part of the fish's belly.
Its advantage is that it is relatively successful in determining the major trends of bulls and bears, but its downside is also quite evident; signals are usually delayed, and generally, it will miss 20%-25% of the profit space.
In the past few days, I have been preparing for the launch of a significant order!!!
Comment 168 to get on board!!!
Impermanence brings impermanence brings impermanence!!!
Important things must be said three times!!!
