The 7 Stages of Making Money in the Cryptocurrency World

Stage 1: The Protection Period for New Investors. Buying in during a bull market guarantees profits. Experiencing the charm of the cryptocurrency world, watching assets surge wildly, feeling happy every day, and eventually thinking you bought too little. You borrow money, buy a lot at once, get stuck at the peak, and even if it keeps rising, you won't think about selling. When the bear market ends, the profits evaporate and turn into losses. Comforting yourself, you decide to hold on for dear life. At this moment, you understand 'value investing'.

Stage 2: After suffering losses from holding on too long, you start studying trading techniques. You can catch the hot trends, buy in and profit, then run away, only to miss out on big opportunities, earning only a little.

Stage 3: Deepening your research, studying hard, and beginning to learn how to buy at the bottom and sell at the top, but the more you buy, the lower it goes. You run out of chips, and the price still hasn’t stopped falling. You understand the methods of technical bottom-fishing.

Stage 4: Delving into technology, gaining a deeper understanding of it, knowing how to select targets, but lacking in capital management. You might encounter a black swan event and lose everything.

Stage 5: Your mindset shifts to a conservative phase, becoming fearful at the sight of coins, hesitant to act, doubting all news. You start researching the targets yourself, buying cautiously and carefully. You've learned to observe market sentiment and begin to understand the logic of market speculation and capital expectations, as well as risk management.

Stage 6: Shedding the arrogant mindset, becoming humble, respecting the market, and no longer being greedy. You believe the market is always right, and making a small profit is already a success. The ambition to make a large fortune is gone; earning is good enough, and you don’t mind smaller profits.

Stage 7: You can seize opportunities during market fear, identifying crises within FOMO emotions. You can also grasp market hotspots, understand whether coin prices are high or low, and are neither greedy nor fearful towards the market. You begin to seek not to make a large sum all at once, but to earn a little each time. Accumulating 3-5 times from big hotspots and 50% from small hotspots. You understand how to stay in cash and know when to give up. You only engage when there’s a big opportunity, realizing that life’s most important. When it’s time to exit, you exit. At this moment, you have achieved success in the cryptocurrency world.

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