In my days in the cryptocurrency world, I have witnessed the wealth of many people fluctuate like a roller coaster. This has gradually made me understand a truth: in the cryptocurrency world, overnight wealth is the privilege of a very few lucky ones, while for most people, achieving long-term stable profits is a more realistic goal.
Short-term trading and contract trading seem to have low thresholds and many opportunities, but in reality, they are full of challenges and risks. These two paths may appear simple, but they are fraught with undercurrents, and very few can truly succeed. Things with no threshold often mean fierce competition, and standing out is by no means easy.
I don't have much insight to share about the secret to becoming rich overnight. However, I do have some personal experiences regarding how to achieve long-term stable profits. I always advise those around me not to fantasize about achieving financial freedom through overnight wealth, as it often comes with enormous risks and uncertainties. Some may argue that they have limited funds and that without taking risks, there are no opportunities. But in my view, having limited funds should make one cherish every investment opportunity rather than blindly gamble. This is a profound issue of cognition and choice.
Although the cryptocurrency world is full of uncertainties, it also follows market rules and human logic. The essence of making money is to seize market fluctuations, buying low and selling high. This principle is simple, but the key lies in how to accurately judge the market's lows and highs.
Many people say they know the principle of buying low and selling high, but in actual operations, they often hesitate. The ability to understand the market is not innate but needs to be improved through constant learning and practice. Many times, when we face market lows, we always expect it to go lower; similarly, when we face market highs, we always hope it can go higher. The key is that we must learn to understand market conditions!
Some people always think of only eating the belly of the fish in the market, avoiding the parts with the most bones like the head and tail. But when it comes to the market, they are often driven by greed and end up suffering heavy losses.
In the cryptocurrency world, the method to steadily earn money is actually to accumulate compound returns through repeated opportunities. When there are no opportunities, patiently wait; when the opportunity arises, strike decisively. If we do not want to repeatedly trial and error, then following the footsteps of professionals to learn from their successful experiences is undoubtedly a wise choice.
To profit in the cryptocurrency world, we must build our own trading system. This system includes a clear investment strategy, a good mindset, and solid technical analysis skills. Good technical analysis skills can help us accurately judge market trends; a good mindset allows us to remain calm and rational amidst market fluctuations; and a clear investment strategy guides us on when to enter and exit the market.
Remember, the trend of the market cannot be predicted, just like during the last bull market when some said Bitcoin would go to $100,000 and it eventually dropped to over $15,000. At over $15,000, some said Bitcoin would fall to $8,000, but ultimately Bitcoin soared to $110,000. Remember, the market is derived from actions, not predictions; when the market peaks or bottoms, it will tell us through subtle signs.
Believe in the rules, believe that the economy has cycles, seasons change, and markets have bulls and bears. Plant seeds in spring and quietly wait for the harvest in autumn; occasionally digging up the crops to check will only lead to stunted growth.
Remember, even if Bitcoin and Ethereum hit new lows, you cannot become rich overnight in the cryptocurrency world. But you can gradually achieve long-term stable profit goals by continuously learning and improving your cognitive abilities.
