Achieving financial freedom at 30, I relied on trading cryptocurrencies, but what truly changed my fate were these 6 words
I started to get involved in cryptocurrency at 24,
with no background, no resources,
just a laptop and a phone,
in 2024, I grew my account to 8 figures.
But I want to tell you: technology is not the key, mindset is the decisive factor.
People in e-commerce and traditional industries may envy us cryptocurrency traders for not having inventory or disputes,
but only those who have experienced it know that this market is a psychological game.
With 6 years of experience, I have summarized 6 survival rules for the crypto world,
I hope you take fewer detours and achieve "freedom" sooner.
【6 Major Laws of the Crypto World｜Understanding them is worth more than learning ten types of techniques】:
1. Fast rise and slow fall = accumulation
A sharp rise and a slow decline indicate that big funds are secretly accumulating. Don’t fear the drop; pay attention to the rhythm.
2. Fast fall and slow rise = distribution
A rapid fall followed by a weak rebound indicates that the big players are exiting. Don’t be greedy for cheap prices; be careful not to become a bag holder.
3. Volume at the top = potential continuation; no volume at the top = time to flee
Volume determines direction; where there is volume, there is action; without volume, it's the end of the line.
4. Volume at the bottom, don’t act impulsively; sustained volume is safe
A one-time increase in volume may be a bait; multiple increases in volume indicate consensus is forming.
5. Trading cryptocurrencies is trading emotions; consensus determines direction
Forget about the complicated structures of candlestick charts, return to market psychology; volume is the mirror of consensus.
6. "Nothing" equals everything
Without obsession, greed, or fear, you can achieve a true winning rate.
Only those who can remain in cash waiting for opportunities deserve to experience a big market.
One last point: the only enemy in cryptocurrency trading is yourself.
The data from the beautiful country, the announcements from the must-have, and the big players’ promotions,
these pieces of information are just appearances; the real variable is the fluctuation in your heart.
Finally, I am Lao Zhang, and I hope today’s shared insights help you gain something during your confusion