What I learned in 6 years of trading cryptocurrency 🥲
1. All altcoins are a bubble that only depends on big players, meaning if a big player has accumulated a position and bought coins on the market, there will be a pump, no other way.
2. All altcoins with a large market cap will scam over time, examples include OM, ZKJ, LUNA, etc.
3. It's much harder to make money on longs than on shorts, because most people always buy, and if everyone is always buying, then who will be selling?
4. A decline lasts for 9 months, while growth only lasts for 3.
5. You will not be able to trade based on the volume in the order book as prices are pushed only by market orders, and we do not know when someone will buy or sell, while limit orders can act as levels but can simply be removed, and active coins have spoofers who constantly rearrange the volumes.
6. Choosing a coin that will be pumped = going to a casino and betting on roulette.
7. It's best to buy only new coins, especially if their capitalization at the start is up to 20 million, as a big player has not yet made a sell-off and will always want to sell at a higher price.
8. Any fool with money can pump any low-liquidity coin if they study the order book.
1. All altcoins are a bubble that only depends on big players, meaning if a big player has accumulated a position and bought coins on the market, there will be a pump, no other way.
2. All altcoins with a large market cap will scam over time, examples include OM, ZKJ, LUNA, etc.
3. It's much harder to make money on longs than on shorts, because most people always buy, and if everyone is always buying, then who will be selling?
4. A decline lasts for 9 months, while growth only lasts for 3.
5. You will not be able to trade based on the volume in the order book as prices are pushed only by market orders, and we do not know when someone will buy or sell, while limit orders can act as levels but can simply be removed, and active coins have spoofers who constantly rearrange the volumes.
6. Choosing a coin that will be pumped = going to a casino and betting on roulette.
7. It's best to buy only new coins, especially if their capitalization at the start is up to 20 million, as a big player has not yet made a sell-off and will always want to sell at a higher price.
8. Any fool with money can pump any low-liquidity coin if they study the order book.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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