The 7 Stages of Making Money in Cryptocurrency

Stage 1: The Protection Period for New Investors. If you buy in during a bull market, you will make money. You see the charm of the cryptocurrency world,

watching your assets soar, feeling happy every day, and eventually thinking you didn't buy enough, borrowing money to invest,

buying in all at once, getting stuck at the peak, no matter how much it rises, you won't think about selling. When the bear market ends, your profits evaporate into losses,

you console yourself and decide to hold onto your assets. At this moment, you understand "value investing."

Stage 2: After experiencing losses from holding, you start studying trading techniques and can seize hot trends,

buying in and making profits, but eventually miss out on major market movements, earning only a little.

Stage 3: You delve deeper into research, studying technical analysis, and begin to understand bottom fishing and topping,

but the more you fish for bottoms, the lower the price goes. You run out of capital without a price rebound,

you understand the methods of technical bottom fishing.

Stage 4: You study technical analysis, gaining a further understanding of it,

and you learn how to select targets, but you lack capital management skills,

you might encounter a black swan event, losing everything.

Stage 5: Your mindset enters a conservative phase, becoming fearful at the sight of cryptocurrencies, hesitant to act,

doubting all information, starting to research targets carefully, making cautious purchases,

you learn to observe market sentiment, begin to understand the logic of market speculation and capital expectations,

and you also learn about risk management.

Stage 6: You wash away your arrogance, becoming humble and respecting the market, no longer greedy,

you believe that the market is always right, and earning a portion for yourself is already a success.

You no longer have the ambition to earn A9A8; earning is enough, and you don't mind A6A7.

Stage 7: You can seize opportunities in market fear, recognize crises in FOMO emotions,

and grasp market hotspots. You can discern whether cryptocurrency prices are high or low, and you are not greedy for the market,

nor fearful. You begin to seek not to make a fortune in one go, but to earn a little each time,

accumulating 3-5 times from each major hotspot and 50% from each small hotspot,

you understand the importance of cash positions and when to let go, with the wisdom to only enter during significant opportunities,

realizing that the most important thing in life is to know when to exit. At this moment, you have achieved success in the cryptocurrency world.