After five years of trading cryptocurrencies, I made 60 million, and every penny comes with blood and tears lessons! Some people ask me, "Can you really make money trading cryptocurrencies?" I spent five years giving the answer: Yes! But the premise is that you must understand the rules. Today, I will share a few key points; these experiences are worth 60 million, and I hope they can help you. $BTC
1. Don't borrow money to trade cryptocurrencies: Trading cryptocurrencies is like riding a roller coaster; the risks are very high. Experts never borrow money to play this game, to avoid being unable to afford food after losing money. Keeping your wallet safe is the most important thing.
2. Use spare money to trade: The money used for trading should be money you don't need urgently, don't risk the money meant for meals. This way, even if you incur losses, it won't affect your life, and your mindset will be more stable. $ETH
3. Be patient and fish for big catches: Experts do not play short-term trades; they know that frequent buying and selling can easily lead to losses. They prefer to hold long positions, fishing for big catches, believing that time can prove which cryptocurrencies are genuinely valuable.
4. Rest if there are no opportunities: If there are no good investment opportunities, they patiently wait and do not act casually. Because they know that opportunities are for those who are prepared.
5. Don't trust charts too much: Those colorful charts can be useful, but they shouldn't be fully trusted. Experts pay more attention to the overall market trend and the real value of cryptocurrencies.
6. Stay away from junk coins: They do not touch those coins that sound fake and unremarkable; they only invest in those with real substance and good prospects.
7. Don't touch coins that have significantly dropped: Even if a coin looks enticing, they won't buy it if it has already dropped significantly. Because they know such coins may never recover.
8. Rest after a bull market: After a bull market ends, they will stop trading and wait for the market to stabilize before looking for new opportunities.
9. Go all in when you find the right coin: When they discover a good cryptocurrency, they will not hesitate to invest more. Because they trust their judgment and believe this coin can make big profits.
10. Don't put all your eggs in one basket: Even if they have 100,000, they won't invest it all in one cryptocurrency. They will diversify, so if one drops, they won't lose everything. #CPI数据来袭
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