A day in the cryptocurrency world is like ten years in the human world, showcasing its ever-changing nature.
Like I experienced significant losses when I first entered, I've had both losses and gains along the way, and now I support my family with this.
Summarizing 10 points of experience for everyone's reference; once achieved, it's hard to lose.
Coins supported by market makers:
When the market crashes and the coins in hand do not drop, it is highly likely that market makers are protecting them. These coins either have solid fundamentals or potential good news; hold them steady, as the subsequent profit margin is large.
Beginner's moving average guide:
Beginners should pay more attention to macro information when buying and selling. For short-term, look at the 5-day line, hold above the line, and leave below the line; for medium-term, focus on the 20-day line and operate similarly. Stick to a simple moving average strategy and be decisive in operations.
Short-term response strategy:
If a coin bought for short-term does not move for three days, change it immediately. If it drops immediately and loses 5%, decisively cut losses, efficiently utilize funds, and avoid losses.
Timing for oversold rebounds:
If a coin has been halved from a high position and has fallen for nine consecutive days, it may have nowhere else to drop, and a rebound is imminent; buy decisively to catch the rebound.
Leading coin investment logic:
To engage in the cryptocurrency world, one must pursue leading coins, as they have strong upward momentum and resilience against declines. Don't hesitate due to high prices or many declines; buy when the upward trend is established, and sell when it reverses.
Balancing bottom fishing and trends:
Don't be obsessed with bottom fishing; a declining coin may have no bottom. Investment should follow the trend, accurately grasp the timing of entry, and the probability of profit when entering an upward trend is high.
Building a trading strategy:
In the cryptocurrency world, don't get complacent after a single profit; sustained profitability is what is difficult. After each profit, review whether the strategy is effective or just luck, and build a strategy that suits you.
Using cash position strategy:
When unsure about the market, hold cash; the security of funds is the priority. Entering the cryptocurrency world should be for stable asset appreciation, not gambling-style investment; trading is about success rates and profit-loss ratios.
Key points for investing in new coins:
New coins may see prices rise initially due to market optimism and influx of funds, but they may lack fundamental support. When market sentiment changes, funds leaving can lead to price crashes; investments should be cautiously evaluated.
Consensus and wealth in the cryptocurrency world:
Cryptocurrencies develop through consensus mechanisms, where participants reap rewards based on belief and effort, demonstrating the power of consensus and the wealth creation potential in the cryptocurrency world.
If someone is confused due to market fluctuations and doesn't know how to deal with being trapped, or feels misled during the trading process, remember to learn more.
#鲍威尔发言 #GENIUS稳定币法案 #LQTY
