Many people think that the cryptocurrency world is like this: I watch the market day and night, spend time gathering various information, sometimes going long and sometimes short, going through a lot of effort to analyze and struggle just to make money.
If making big money were that easy, just look at the hardworking people in the world who work day and night; they put in the most effort but earn the least. You will understand.
Making money in the crypto world really relies on market timing. The opportunities to make money in the crypto world before 2021 were slowly opening up for you to enter, and then slowly closing for you to exit.
In today's crypto world, as long as an opportunity arises, you can complete a significant price surge, peak formation, and harvest within a week. This means that if you miss a money-making opportunity that lasts only 7 days, you are basically not going to make money.
Making money is not just about hard work, nor is it about being smart. It depends on whether you can seize the opportunity when it comes and dare to take action.
Those trading masters in the crypto world, I see them making money during the days when market fluctuations are the largest. Dramatic drops and surges do not affect trading; as long as such opportunities arise, they will heavily invest and dare to act. The difference between us ordinary people and them is that in the face of big opportunities, they take large positions while we do not dare to move.
In markets without significant fluctuations, when they play trading waves, they also end up losing money. Don't think that there are invincible people in the market; they don't exist.
The crypto market has phases of giving away money, harvesting, and boredom. To increase your chances of making money in the crypto world, you must first identify which phase it is in, and take action during the money-giving phase. Even if you fail, it's okay, because you will definitely make the right move eventually; losing a small amount when making a wrong move is just a part of the process. Don't trade frequently during the harvesting and boredom phases, as that will definitely lead to losses; it won't matter who comes in.
Any trading expert's strategy is like this: earn for a while, lose for a while, and break even for a while. Trading experts can make money not because they don't lose, but because when they lose, they lose less, and when they earn, they earn more. They don’t trade when they are flat; they might go play games, travel, exercise, or read while waiting for the market.