Understand buying low, just wait for appreciation:
This trick is simply waiting for the coin price to go on sale! Just like strawberries in the supermarket, usually $20, but $10 on a rainy day, you would definitely buy more, right? The same goes for the crypto world! If a coin drops sharply from $100 to $60? This is your 'discount promotion' time!
Why can this trick make money?
If it drops a lot, it will bounce back! A ball still bounces when it hits the ground; it's very normal for coin prices to rebound after a sharp drop!
Avoid chasing after price jumps! The most common mistake for beginners: frantically chase when prices go up, and run scared when they drop. Buying low is a cure for this!
Large funds also love to pick up bargains! Major institutions like to secretly buy during price drops, let's follow the smart money!
Three simple steps in practice:
Pick good items! Only buy recognized, fundamentally stable 'brand-name goods' like SOL and BNB, and avoid those unknown altcoins! (Think about rotten strawberries; would you dare to buy them?)
Wait for big discounts! Only worth acting when it drops at least 30%! You wait for 50% off on Double Eleven sales; the crypto world is the same!
Buy in batches! Don't learn to gamble all in at once! First buy 1% to test the waters, and for every additional 5% drop, add a little more. I have personally seen my friend Xiao Wang start buying in batches when SOL dropped from $180 to $140, selling at $160 on the rebound, steadily earning 15%! This is the benefit of patiently waiting for discounts!
Bloody lessons, don't step into these pits!
Touch coins that have continuously plunged! That might really be a bad investment, not just a discount!
Don't go All In on one coin! Put your eggs in different baskets, and spread your investments across several good coins!
Must set a stop-loss! Just like buying vegetables, you can only accept a maximum of 10% bad fruits; if you lose 10%, you should run!
The essence of buying low is two words: patiently wait for discounts! Everyone can buy cheap goods, but when to sell to make the most profit?
Don't want to miss the golden opportunity to sell coins? Quickly follow to learn how to exit gracefully when the coin price rebounds and lock in profits!$SOL #sol
