Do not borrow money to trade coins, do not borrow money to trade coins, do not borrow money to trade coins.
If you borrow money to trade coins, it shows you have a gambler's mentality, betting until you have nothing left.
Do not go all-in, do not go all-in, do not go all-in.
Leverage +, all-in, gambler mentality, betting until you have nothing left.
Three, do not trade on small platforms; most small platforms are internal exchanges.
Internal trading is just creating a candlestick; your money hasn't entered the market but has gone into that shell company's account.
The rules of the game determine that most outcomes of leverage are zero, and behind it, capital loves to see a group of retail investors gamble everything, because the next moment the money will fall into their pockets!
What if? What if you win by going all-in?
This market is one of wits and courage against the dealer; principles combined with patience will allow one to see others feast. The ones feasting are also the other retail investors; it is inherently not a fair game.
If you happen to win by going all-in, it is more terrifying; you will feel like a god. After the first time, there will be countless times, and the money you earn will ultimately go back in.
As for those myths of getting rich quickly, just listen and take it with a grain of salt. In the words of a certain expert, the world itself is just a shabby stage, so where do all these myths come from!
When it moves sideways and suddenly drops, it must be a small drop; after the drop, it must rise. When it moves sideways and suddenly rises, it must be a small rise; after the rise, it must drop.
Sideways movement is a state of quietly accumulating chips. There is a question that has not been addressed before: why do dealers prefer to accumulate in a sideways state?
When the dealer starts accumulating at the bottom, due to continuous buying chips, the market's purchasing power rises, and it is inevitable that the price will increase as the supply decreases.
So when the dealer enters the market, the price will no longer make new lows; this statement is very important.
So why choose to accumulate chips in this sideways mode?
The price fluctuation in sideways movement is small, and retail investors will automatically exit the market if there are no returns for a long time, making it easier for them to quietly pick up cheap chips at the bottom.
Even if you tell someone these chips are cheap and they won't yield any returns for a year, can you endure it? Very few retail investors can.
There are some short-term traders or speculators in the market. To prevent giving these short-term traders opportunities to speculate, sideways movement is the most effective defense.
Sideways movement does not have large fluctuations, making it difficult to attract the attention of retail investors. Often, by the time you notice it, the price has already hit the ceiling.
These are the advantages of sideways movement. After a period of sideways movement, the dealer has acquired a certain amount of chips, and the sideways pattern will begin to shift to a fluctuation mode, which is a back-and-forth movement. The goal is to shake off the weak holders. Once those weak holders are collected and the dealer's chip target is reached, the next step is an increase.
So after sideways movement comes fluctuation; if it fluctuates downward, it cannot be a large drop. If it breaks below the dealer's cost price, it is a major incident. Therefore, when it suddenly drops after moving sideways, it must be a small drop, with the purpose being to shake off the weak holders.
The opposite is also true.
If it has been in a sideways state for a while and suddenly rises, it indicates a signal of initiating a fluctuation wash. If it rises directly without fluctuation, it is illogical (unless it is speculative funds that make a quick move and leave). The chips are held by each holder; relying on the naturally flowing volume daily is simply not enough. Only through fluctuation can the market be stirred, accelerating the circulation of chips to achieve rapid accumulation.
Even if it is ascending, it should also fluctuate while going up, partly to shake off the trend followers and partly to sell high and buy low.
Of course, some dealers may also adopt the strategy of first fluctuating and then going sideways; the objective is the same.
Sideways movement is for quietly collecting chips, while fluctuation is to further collect the uncertain chips.
Actually, sideways movement and fluctuation are mutually inclusive. Regular fluctuations within a range also belong to sideways movement; there is no absolute sideways movement—it's impossible for a line to be completely horizontal, so the concept of sideways movement is broad.
This is a piece of advice specifically aimed at newcomers to the crypto world (one that needs to be etched in the mind).
One: Do not trade with debt; trading with debt is to overdraw yourself, which is the most important point.
Spend more time interacting with experienced individuals in the circle.
Three: You can spend a little money to join some paid groups; who to choose is up to you, provided you think the blogger is reliable and can genuinely teach you something valuable.
Four: Do not buy hot coins.
When a coin is at its hottest, or when the market is crazy about a certain coin, it is basically nearing the end. At this time, if you have already held this coin, you might consider exiting. If you do not hold this coin, it is best not to enter the market again, as there is a 90% chance you will be left holding the bag.
Five: Do not play on small exchanges; small exchanges can have risks of running away at any time, or pulling the plug, making it impossible to withdraw any funds.
Six: Understand what 'earth dog' altcoins are.
The 'earth dog' is a gamble on the chain, and due to its low market value, it experiences large fluctuations, easily increasing dozens or even hundreds of times, but the risk is similarly large; the direct risk is also significant.
An altcoin is a derivative currency similar to Bitcoin and Ethereum, with different backgrounds and trends!
Mainstream coins include Bitcoin, Ethereum, and Solana, among others.
Seven: Understand what primary and secondary markets are.
Coins that you can buy on all exchanges are secondary market coins.
Primary refers to what we call on-chain transactions, which are purchased on decentralized exchanges+ or WEB3 wallets. It is not recommended for beginners to play in the primary market, as it is very easy to be deceived into playing with a Piyou coin.
Eight: Understand what left-side trading and right-side trading are.
Left-side trading: This is when the market trend is not yet clear, buying below the price and selling above, primarily through limit orders. For example, bottom fishing during a decline, believing that this position will stop the drop, and attempting to catch the bottom. This approach carries relatively high risks.
Right-side trading: This is waiting for the market to establish a direction, such as when the price starts to rebound or breaks through/breaks down a key level, then entering the market accordingly. This means chasing up/down; it is safer but may not capture the initial part of the move.
Nine: You should pay attention to bloggers sharing experiences, rather than focusing on those brainwashing/marketing for profits.
Ten: Do not trust anyone who actively approaches you saying they can help you make money!
Ten: Continuous learning is necessary; one cannot earn money beyond their understanding. Even if you make a lot at first, if your understanding does not reach that level, you will quickly lose it back, which can lead to significant losses. Keep learning and improve your understanding!
I hope every newcomer to the crypto world can avoid detours. Although you will encounter various setbacks and losses, these are what you need to face to grow quickly!
The market is cruel, so we must hone our skills to survive! Success is not accidental; opportunities are left for those who are prepared. A skilled captain adept at combining short and medium-term arbitrage will accompany you on the future journey of the crypto world, regardless of how the market moves.