3 underlying logic of making money in the cryptocurrency world that 99% of people don't know!
Some people get rich overnight, while others lose everything. Why is it that in cryptocurrency trading, some people make a fortune while others end up as harvested leeks? Today, I will break down and explain the underlying logic of making money in the cryptocurrency world, which could be the investment guide you should keep this year!
The cryptocurrency world is an 'information war.' Project teams and institutions know the inside information in advance, while retail investors are left to pick up the pieces.
If you want to make money, first learn how to find reliable information: follow authoritative media, and don’t blindly believe in 'hundredfold coins' or 'inside information.' Free information is often the most expensive and can lead to greater losses!
Don’t believe in 'getting rich overnight': Those shouting 'all in for wealth' are either scammers or gamblers.
PEPE coin experiences wild fluctuations; those who chase highs end up trapped. Long-term dollar-cost averaging in Bitcoin and Ethereum can actually make money.
Don’t blindly trust technical analysis: K-lines and indicators are just references. If you only look at the technicals without researching the project's fundamentals, you will eventually stumble.
Stay away from high leverage: Leverage is a double-edged sword; shorting with 100x leverage can lead to liquidation if prices rebound by just 1%. Beginners should avoid leverage and set stop-losses!
Dollar-cost average in mainstream coins; only buy Bitcoin and Ethereum, the 'big brothers.' Invest a fixed amount each month, ignoring short-term fluctuations.
Stick to it for 2 years, and you’ll likely make a profit! Position yourself in potential tracks in advance; pay attention to new directions like AI + blockchain and DeFi.
Have patience and endure long periods of sideways movement; at the same time, control your position to avoid betting on a single project.
Buy low before the track heats up; sell when it’s hot, and don’t be greedy! Make 'stable money': exploit price differences across various platforms, or store coins to earn interest (staking).
But choose reliable platforms and don’t be greedy for high returns!
There are no shortcuts in the cryptocurrency world; don’t fantasize about getting rich overnight. Spend some time learning every day, control your desires, and keep some cash on hand. Wealth will only be left for those who are prepared.
I am Angel, skilled in short to medium-term contracts and medium to long-term spot layouts. For detailed strategy teaching, follow @Angel!