Secrets to making money in the cryptocurrency world, making wealth growth not a dream! I hope it can help you understand that trading cryptocurrencies is not as simple as you think. It’s not just about buying low and selling high to make countless profits. A qualified cryptocurrency trader not only needs to understand economics, follow news hotspots, understand national policies, and care about international situations, but also study the fundamentals and technical aspects of virtual currencies. Moreover, one must constantly struggle against their own fears and greed. You need to have a big heart, capable of withstanding great ups and downs, from nothing to something, from something to nothing, able to resist temptation and endure hardship. It can be said that those who survive in the cryptocurrency world are basically resilient, impervious to harm, and forged like steel.
Three Principles of Gold Mining: Principle One: Strictly control your position to within 30%. Retreat to defend, advance to attack. Never go all in; if you do and the market crashes, no one can save you. Principle Two: Once the price rises by 2-3 times, you must sell half to recover your investment. After that, we can use the profits to slowly play with the market makers. When the price reaches your target, you can sell gradually. We keep 10% as a base position to avoid missing out on the benefits from sudden price surges by strong market makers. Principle Three: When the market is crazy and everyone is chasing prices, you must gradually sell your chips in stages. Do not blindly trust the numbers in your account; only the money in your pocket is yours. The account balance is just a string of numbers.
Three Secrets for Trading Cryptocurrencies! Secret One: Small trading sites for cryptocurrencies are not formal, do not invest large amounts of money there; if the site disappears, you will lose everything. If you want to trade, go to reputable large sites like Huobi, Bit时代, etc. Secret Two: Recently, there are many crowd-funded cryptocurrencies; please be cautious. Not all of them are bad investments, but there are many traps. Be careful, don't rely on luck. Understand thoroughly; just because something is crowd-funded doesn’t mean you should invest in it. It’s like gambling and taking chances. Secret Three: Recently, the cryptocurrency market has been relatively sluggish, and the big trend is cooling down. Focus on short-term operations and wait for the right moment to act. For long-term investment, you can choose high-quality cryptocurrencies ranked in the top 20 globally, and build positions gradually at low prices. (Remember, do not go all in, meaning do not buy a lot of cryptocurrencies at once or invest too much money. You can start with half the position, entering half of your planned investment. Control your risks and funds; then, when prices rise or fall, you can adjust your position and stop losses in time. This will be more beneficial for making profits. If you don’t adjust in time, you can minimize your losses. Trading cryptocurrencies is all about making money, so you need to be prepared to avoid unnecessary losses.)
Finally: A crucial point, do not follow the crowd. Many newcomers to cryptocurrency trading see others in groups or hear someone say to sell, or else there will be a crash. This is the most foolish thing to do because many people either have no holdings or they are misleading newbies, creating panic to force you to sell low. Some people can’t withstand the fear and quickly dump all their assets. After you sell, those who created the panic buy your assets at a low price. You sell low and suffer losses while the market makers and those who created the panic profit. Trading cryptocurrencies, advice from others is always just a suggestion; the key is to make your own judgments.
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