In the cryptocurrency world, achieving true financial freedom and compounding wealth depends crucially on methods, techniques, and forming your own profit system!
Once mastered, the cryptocurrency world will be like your "ATM"; making money will be as easy as breathing!
After more than 8 years of trading cryptocurrencies, I summarize my journey to wealth as follows:
The first ten million took the longest and was the most painful, with the trading system constantly being reshaped and polished, taking a year and a half.
The second ten million took three months.
The third ten million only took 40 days.
The fourth ten million only took 5 days.
75% of the funds were earned in half a year.
Let’s first talk about those who made money:
First of all, they are definitely not contract traders. None of the contract traders I know are making money. Even if they made money at some stage, the final result is still a loss. The essence of contracts is gambling, making money through probability. Of course, this has a slightly higher probability than betting on high or low, but basically it’s about the same. The ones who make money in contracts are generally those who lead contracts in community trading; they have long realized that contracts can’t make money, so they go to create contract leading communities, where old investors cut the new ones.
Here’s a piece of advice for those looking to break even or make money through contracts: so many losing people remain in the cryptocurrency world just to break even, but there’s a harsh reality: most people will not be able to break even or make money, especially those who want to break even through contracts; it’s sheer wishful thinking. Those who make money through contracts in the market are extremely rare. Don’t fantasize; what makes you think you are that person? Honestly, if you want to break even through contracts, you’re just not cut out for it. No matter how much you lose, it’s the same; even if you go bankrupt, you still can’t break even through contracts. Therefore, I advise those who want to break even through contracts to quit contracts, in other words, quit gambling.
What should spot traders do if they are losing money?
First, if the losses are not too much and the principal is still relatively high, meaning if the principal and loss are balanced, then breaking even is relatively simple and easy, or if you only need to multiply your investment by 5 times or less to break even, it’s all possible. But the most important point is the buying and selling points. If you are stuck at a high point, it becomes difficult. Most people can make money when a bull market starts or during the main rising wave of the bull market; they lose money because they don’t understand how to sell. After selling, during the main force’s distribution (selling) phase, they repeatedly enter the market and get harvested at high points. Therefore, for retail investors, knowing when to sell is very important, but selling is not the most important thing.
The most important thing is to be able to hold your position and wait after selling; this is something most people cannot do. It should be that 95% of retail players cannot do this, and it’s the fundamental reason why many people lose money. If you can sell at a relatively high point, and after selling, you are not influenced by the analysts in the market or various good news at high points, and you persist in holding a cash position, that is truly securing profits, and only then can you really make money.#美国加征关税 #非农就业数据来袭 #币安Alpha上新 #币安钱包TGE #美股代币化