Is it too late to enter the cryptocurrency market now?

1. Entering the cryptocurrency market for the first time

Over the past year, I have gradually been understanding and learning everything about the cryptocurrency market. I also started investing a portion of my funds into the market early this year. Looking back over the past three months, there are three key time periods: 2 weeks earning 10% -> 2 days losing 30% -> 1 week quickly recovering losses, while most of the other time has been filled with various fluctuations and oscillations.

For individuals, there are 7 common ways to make money in the cryptocurrency market:

1. Short-term trading (charting, technical analysis)

2. Contracts (leveraged long or short)

3. Trading meme coins (like PEPE)

4. HODL value coins (like BTC)

5. Participating in airdrops (investing in new coins)

6. DEFI (decentralized finance)

7. Arbitrage (cross-market arbitrage)

One BTC is worth 11,000 USDT, 800,000 RMB; yet you cannot see or touch it; BTC is intangible. For those who are willing to HODL BTC for the long term, they will surely understand the true value of BTC.

First of all, to understand the value of some virtual coins in the cryptocurrency market, one needs an extremely high level of cognition. In the cryptocurrency market, there are actually very few people who truly understand BTC, blockchain, virtual coins, and WEB3; understanding these comes with a very high threshold.

Secondly, the price fluctuations of BTC or ETH can also be very large, with declines of 30%+ occurring frequently. If one does not have faith in virtual coins like BTC or ETH, it is impossible to hold on during downturns.

In this market, those with faith are the ones who truly make big money. Those who went ALL IN to buy BTC 10 years ago and HODL it until now are surely philanthropists now. #看懂K线 #美国加征关税 #币安Alpha理财中心 #币安HODLer空投RESOLV