When I first entered the cryptocurrency world and saw people getting rich overnight, it would be a lie to say I wasn’t envious. Although I was tempted several times, my rationality ultimately suppressed my impulses. Watching cryptocurrencies soar daily, I held back, not being influenced by others in the group. I don’t like to get stuck first and then study; I prefer to study before getting stuck.
Seeing so many stories of people’s wealth rising and falling, I ultimately discovered the truth about becoming wealthy in the cryptocurrency world.
The truth is, getting rich overnight in the cryptocurrency world is a script for a very few people; long-term stable profit is the path most people should choose.
Making money from short-term spot trading is very difficult, and making money from contracts is even harder, yet this is the choice for most people—a path with no barriers but extremely crowded, where ultimately only a very few succeed.
It's very difficult to achieve significant results in something with no barriers.
I don't have experience to share about getting rich overnight, but I can share the truth about long-term stable profit.
I try to advise others not to pursue the method of getting rich overnight. Some people say, 'I only have a little money; if I don't gamble, there's no more road left.'
The problem of having no money to solve is to first accumulate the original capital, not to rely on gambling. This is a cognitive issue, not a choice issue.
Because there are no choices, one can only make this choice, turning the issue of cognition into a choice problem. Many people will make this kind of mistake.
The cryptocurrency world is a new type of financial market, where all financial markets have rules—rules of the market, rules of human nature. Making money is simply about buying low and selling high.
Many people say, 'I know too, buy low and sell high,' but I don’t know when is low and when is high.
I can only smile and raise a toast first as a gesture of respect.
I believe everyone knows when the price is low; it's just that you want it to be lower, and also, when it's low, you have no money.
I believe everyone knows when the price is high; it's just that you want it to be higher, and you also want to leverage to buy more.
What needs to be done here is a choice problem: do I want to earn more, or is it enough to earn what I have and wait to earn again next time?
I used to choose to earn more, but after trying a few times and not succeeding, I now choose to wait for opportunities to earn a few times in repetition.
Some people say, 'I want to avoid eating the fish head and tail, leaving a bit for others, while I just eat the middle section.'
But once they enter the market, they can't control themselves; their previous thoughts are long forgotten. They must eat all, and in the end, they are eaten.
Yesterday, I wrote about reaching the sixth or seventh realm, and many people left messages saying they have achieved it. Congratulations to these cryptocurrency friends for reaching the other shore.
Some people say I don't need to understand these things; the ultimate form is just to invest in BTC regularly. That's possible, but that's the path of borrowing truth to seek truth. If the era of BTC passes in the future, you will still not have grown, and you won’t be able to pass on the skills of investing and becoming wealthy to your descendants.
The method for stable profits in the cryptocurrency world relies on seizing opportunities for compound returns repeatedly. If there is no opportunity, do not act; act only when the opportunity arises.
The key is to be able to test for opportunities and to buy opportunities with higher yields. What you need to do is test the buying points of such opportunities.
I observed several impressive individuals; their trading skills aren't that magical. They also lose money when they don't align with trends. Only when they align with trends do they make money. Their brilliance lies in quickly adapting when the trend is wrong. This is the core; it's not about stubbornly holding on.
Market trends are not recognized; they are tested. No one knows how the market will move until it happens, but some people dare to test it when they see unusual movements. If the test goes wrong, they lose a little money; if it goes right, they can make a lot. You can just listen to those who claim they can predict the market. What we can do is handle the market. We should only respond as the market unfolds, not preset outcomes.
Those who test the market and seize opportunities have a characteristic: low win rate, high profit-to-loss ratio, and low-frequency trading patterns.
This path is suitable for most people because by testing the market, if you place a bet and the market doesn't move, you lose very little money, but you can earn a lot.
The market trends in the cryptocurrency world are actually repetitive, rising and falling, but the extent of each rise and fall is different every time.
You practice this skill, and then you just need to repeat it simply.
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