Can't make money in crypto?
Is it because I'm overthinking?
When it's time to act, don't hesitate!
In crypto, there are daily games played between these two types of people:
Some people take 'overthinking' as caution
Always hesitating about whether a project is reliable, whether it will lose money, what others think, and in the end, many opportunities are missed.
Some people take 'action' as strategy
Test with small positions, don't care if you get laughed at, if you find something wrong, change it. Instead, you can benefit from the fluctuations in the market!
Why is there such a game?
I think the essence is the difference between poor thinking and rich thinking. Different thinking leads to different logic in doing things. However, the crypto world has high volatility and fast pace, which magnifies these differences in thinking logic by 100 times in the end!
So what are the characteristics of these two types of thinking logic? Let's summarize briefly below!
😤 Poor thinking in crypto:
Thinking too much, doing too little, hesitating while doing things, in the end missing many opportunities!
Have you also had these soul-searching questions?
Can this coin rise?
Could this be a scam?
There are no 100% reliable projects in crypto. Even early $BTC was criticized as a scam, a pyramid scheme. So by the time you figure everything out, Bitcoin has already increased by 40 million times!
Will buying now result in me being a bag holder?
What if I buy and it drops?
There will always be investors in crypto, but worse are the watchers, those who are afraid to buy when prices drop, and don't know when to sell when they rise. They keep observing and end up regretting!
I buy altcoins
Will it be embarrassing if others laugh at me?
In crypto, results are what matter: when early PEPE and SHIB soared, those who once laughed at you might have secretly placed their bets.
Isn't it too late to enter now?
Has the bull market already ended?
The bull market is always in the next one. By the time you want to confirm whether the bull market has ended, you might already be halfway up the mountain!
Learn K-line/DeFi/technology for another two years before entering!
Changes in the crypto world happen faster than learning. Learning for three years is not as good as operating with small funds for three months. Many opportunities in crypto are waiting for you to learn, but by then the strategies may have already changed.
✊ Rich thinking in crypto:
Act first, then try, then optimize. Crush those who only think but do not act. Don't hesitate, think it through and act immediately!
People making money in crypto
Cognition and action are both extremely strong:
Let's act first and talk later!
Discover new tracks (like #MEME #AI #TGE, etc.), first test with some spare money and a small position. If it doesn't work, pull out. If it does, go big! Action is the priority!
You won't know until you try. If it doesn't work, then change!
DeFi mining, NFT minting, Alpha, etc. You only know how deep the water is after you try. Losing a little money to gain experience is much better than just theorizing!
Others laugh at me? Who cares!
In crypto, you earn money through cognitive differences. When you're laughed at, it might just be an opportunity window. For example, those who bought BTC early, who hasn't been laughed at?
Market saturation? That's what incompetent people say!
There are new narratives every day in crypto. You see GameFi is cooling down, and AI coins are heating up. AI coins cool down, then MEME coins go crazy. There are always opportunities in crypto, it just depends on whether you dare to seize them and if you can catch them!
Pursuing perfection? Stop dreaming!
The more perfect the strategy, the harder it is to execute (for example, waiting for a pullback to buy at the lowest point, you may never reach the lowest point). In crypto, don't think about buying at the lowest and selling at the highest. Prices are a range, not a precise number! Strategies also need to start running first, then earn while adjusting.
🚀 4 Rules for Making Money in Crypto
1. Ask less why it drops, think more about how to respond.
Volatility is the norm in crypto. Don't get hung up on why it drops, but think about whether to average down, cut losses, or play dead? Think of a strategy immediately and act!
2. Don’t wait for the perfect entry point, buy when it’s suitable.
Dollar-cost averaging, building positions in batches, and small positions for trial and error. The crypto world never has a bottom, but you can use strategies to lower your holding price.
3. Don't believe everything you hear, use your feet to vote.
Big V says: if this coin is not good, do you believe it?
Research the white paper yourself, check community enthusiasm, look up on-chain data... Even if you lose, it's the boundary of your understanding. If you earn, it's a breakthrough in understanding.
4. Earn small amounts first to cultivate your ability to make money.
Don't think about getting rich overnight, start by earning 10,000 USD: for example, participate in airdrops, new projects, etc. Cultivate the habit of making money. First, learn to make money from small sums, then scale up to earn big!
🔥 Final reminder:
The essence of crypto is action, not wishful thinking!
McDonald's only sells burgers, popular all over the world
Coca-Cola sells sugar water and has been doing so for over a hundred years.
The most profitable logic in crypto is often quite simple!
Remember:
Crypto doesn't wait for anyone. By the time you want to be clear about whether it's reliable, the opportunity has long been snatched away by others. Open the exchange now, choose a target that spare money can afford, and make a small purchase first. Start taking action!
Even if this one loses, as long as you acted, this is the beginning of your big earnings!
