The crypto space is not short of opportunities, but life is only one. Do not underestimate the volatility of spot trading, especially for mainstream core assets. This position is essential. Before having enough trading experience, only trade in spots. Stable profits in spot trading are the first step; do not jump straight into high-difficulty contracts.
When you haven't fully grasped trend trading, do not attempt to go both long and short, as trends have inertia. It won't be that you are bearish, and immediately it turns bullish. You need to act in a bullish trend, and in a bearish trend as well. If you cannot make money in both trends, focus on one trend and master it, guarding your own territory without being greedy to go both long and short, which will ultimately lead to losses in both.
Many people think that only by trading can one make money, but the core of making money lies in not trading, patiently waiting, and holding on to positions that are profitable. Trading can provide quick feedback, while waiting is very counterintuitive.
80% of market movements are psychological, making people feel good, but what feels good cannot possibly lead to significant profits.
Great profits are definitely a combination of luck (market trends) and self-awareness (the parts that can be improved).
No matter how excellent an individual is, without a major market trend, it is impossible to make money.
In a bear market, learn more and expect to catch the next big trend; there will be one or two rounds each year.
Trading and investment are no different. Opportunities in the B circle generally have a wave each year and a big wave every few years. In life, you only need two bull markets; you only need to be rich once.
What you need is to seize the bull market, not to fumble around in a bear market. All small opportunities are meaningless to you.
To change one's fate, one must rely on a bull market, or rather, on a favorable wind.
Because only in a bull market or during a favorable wind can most people make money, and you can make money.
Give your all to prepare; otherwise, when the market ends, you will look back at the entire market trend and realize it was all in vain.
From massive losses to massive gains, ten iron rules have been summarized to give all retail investors a piece of advice! If you want to play in the crypto space for the long term, please read this article's heartfelt words carefully! Newcomers must keep these in mind to navigate the market smoothly.
The crypto space is a world full of opportunities and risks, especially for newcomers. How to survive and profit in a highly volatile market is a discipline that requires continuous learning and practice.
1. Popular coins in a bull market drop the fastest.
Those coins that are hyped up, especially projects with serious market control, often burst their bubbles quickly. The more a coin attracts a large number of retail investors to chase it, the greater the risk. It's like blowing up a balloon; the bigger it gets, the faster it pops. Popular coins in a bull market are often the favorites of short-term speculators, but they are also the traps that can lead to total loss.
Suggestion: Do not blindly chase prices, especially those coins that have surged dramatically in a short period. Stay calm and avoid becoming a 'bag holder'.
2. The tactics of altcoins are mostly similar The tactics of altcoins usually involve a fierce sell-off to create panic, then slowly raising the price to attract retail investors, and finally changing the method to continue harvesting. This tactic is often effective, and newbies can easily get 'cut'. Suggestion: Be psychologically prepared for altcoins, do not be misled by short-term gains, and do not easily take large positions.
3. The long-term trend of the market is upward Although the crypto space experiences extreme short-term volatility, if we look at the longer time frame, the overall trend is upward. The historical trends of mainstream coins like Bitcoin and Ethereum have proven this. Suggestion: If you are a long-term investor, do not be scared by short-term fluctuations; patiently hold quality assets, and time will reward you.
4. Promising coins are not being speculated upon Truly promising coins often remain unnoticed at the bottom, seldom mentioned. In contrast, those coins that are crazily hyped are often tools used by market makers to harvest profits. Low-profile coins may quietly explode at some point. Suggestion: Pay more attention to projects that have solid technology and reliable teams but have not yet been hyped up by the market; they may be the dark horses of the future.
5. Be cautious with newly listed coins Coins newly listed on exchanges, especially those that surge and plummet, are often traps designed by market makers. These coins usually lack actual value support and are purely for harvesting profits. Suggestion: For new coins, especially those with huge fluctuations in the early stages, stay alert and do not easily enter the market.
6. Price fluctuations are common Buying leads to drops, selling leads to rises; this is perfectly normal in the crypto space. The market is highly volatile, and short-term fluctuations do not fully reflect a project's value. Suggestion: Maintain a good mindset, and do not panic due to short-term volatility. Establish your investment strategy and stick to it strictly.
7. The strongest rebounds do not represent potential Coins that rebound the most are often not truly promising but are instead speculative trades that have been hyped up. These coins usually lack fundamental support, rising quickly and falling just as fast. Suggestion: Do not be deceived by short-term surges; genuinely promising coins usually have more stable fluctuations and an upward long-term trend.
8. Be careful of being cut during sudden pullbacks If the coin you bought suddenly pulls back after a rise, this may be a signal that the market maker is starting to offload. Market makers usually attract retail investors by raising prices and then sell off at high positions. Suggestion: When encountering sudden pullbacks, take profits or stop losses promptly to avoid becoming a market maker's 'bag holder'.
9. Coins that explode in the second half In a bull market, coins that perform ordinarily in the early stages may explode several times or even more in the second half. These coins are like marathon runners, accumulating energy in the early stages and exerting force later. Suggestion: Do not underestimate those coins that perform mediocrely at first but have solid fundamentals; they may be the dark horses in the later stages of a bull market.
10. Coins that have been flat for months may explode In a bull market, some coins may experience several times the increase and then go flat for months. This flatness usually indicates that market makers are accumulating energy, waiting for the next opportunity to explode. Suggestion: For coins that have been stagnant for a long time, keep an eye on them; they may be the protagonists of the next market wave.
