Want to turn your fortunes around in cryptocurrency trading? First, throw that retail investor mindset into the trash!
When I first entered the market, I was just like you, staring at the candlestick charts every day fantasizing about getting rich, only to be ground into the dirt by the market. Until I met a big shot who turned $3,000 into an eight-figure fortune, and he shared some harsh truths while drunk. After hearing them, I was left speechless—turns out 90% of people lose money not because of poor skills, but because their mindset is flawed! Back then, everyone thought $50,000 was the peak for Bitcoin? But it shot straight to $60,000... Those who sold at $50,000 in 2021 are now regretting it immensely.
Beginners love to go all in at once, while experts play "Russian nesting dolls." Build your position in five batches, adding to your investment every time it drops by 15%. When SOL fell from $260 to $8, those seasoned traders who kept five bullets in reserve now have an extra zero in their accounts.
Many say, "I absolutely won’t buy at a high!" But look at those hundred-fold coins; which one didn’t soar 3-5 times after breaking new highs? The listing fees for coins on exchanges can easily reach a million dollars, do you think market makers are just burning money without any intention?
I know a college student who turned $5,000 into $1.7 million in 2020. His secret is so simple it’s almost laughable: dollar-cost averaging into BNB during bear markets, and only buying "the coins that are trending in the top three exchanges" during bull markets. Remember, in the crypto world, timing is 100 times more important than technical skills!
RSI overbought? PEPE was overbought for 21 consecutive days and then skyrocketed 40 times! The true wealth code is hidden in the positions held on exchange contracts, which I can't elaborate on here...
All those who make big money share a common trait: even if they know they might be wildly wrong, they dare to go all in the next day. This isn’t gambling; it’s a strategic move after seeing through the market!
Now, check your pockets; have you been cut by altcoins again? Wake up, brother! Bitcoin hasn’t drained enough blood yet; altcoins will only continue to decline and eventually zero out. The market makers' routine never changes: accumulate at low prices → media hype → pump to lure in buyers → dump the price.
Want to know when to buy altcoins? Look for two signals:
Bitcoin starts to consolidate
A coin appears that market makers dare not dump (these coins usually have three specific characteristics, and those who know, know)
Bull markets are games where smart people harvest the foolish; either learn to trade with the market makers or continue to be the lamb for slaughter.
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