7 Stages of Making Money in the Crypto World

Stage One: The Protection Period for New Investors. If you buy during a bull market, you make money. You experience the charm of the crypto world, watching your assets skyrocket, feeling happy every day. Eventually, you think you haven't bought enough, take out loans to buy more, and end up buying at the peak. No matter how much it rises, you won't think about selling. When the bear market hits, your profits evaporate and turn into losses. To comfort yourself, you decide to hold on for dear life. At this moment, you understand 'value investing.'

Stage Two: After suffering losses from holding on, you start studying trading techniques. You can seize hot trends, buying leads to profit, and when you profit, you run. Eventually, you miss out on significant market movements and only make small gains.

Stage Three: You delve deeper into research, study hard, and begin to look for bottoms and tops. However, the more you try to time the market, the lower the prices go. Once you've exhausted your buying power, the market still doesn't stop falling, and you come to understand the methods of technical bottom-fishing.

Stage Four: You study technical analysis intensively. You have a further understanding of techniques and know how to select targets, but you lack capital management skills. You might encounter a black swan event and lose everything.

Stage Five: Your mindset shifts to a conservative phase. You become fearful of cryptocurrencies, hesitant to make moves, and doubt all information. You start conducting your own research on targets, buying cautiously and carefully. You learn to observe market sentiment and begin to understand the logic of market speculation and capital expectations, as well as risk management.

Stage Six: You shed your arrogant mindset and become humble, respecting the market. You are no longer greedy, believing that the market is always right. If you can take away a portion of earnings, that's already a success. You lose the ambition to make massive profits; as long as you can earn something, you are fine with it, not minding lower returns.

Stage Seven: You can seize opportunities in market fear and identify crises in FOMO (Fear of Missing Out) emotions. You can grasp market hotspots and discern whether crypto prices are high or low. You become neither greedy nor fearful of the market. You stop seeking to make a huge profit all at once; instead, you aim to earn a little each time, accumulating 3-5 times from major hotspots and 50% from smaller ones. You understand the importance of being in cash and knowing when to let go. You only engage when there is a significant opportunity, understanding that in life, it's crucial to exit when necessary. At this moment, you have achieved success in the crypto world.

Dear friends, what stage have you reached? Leave me a message. I’ll support you.