After so many years in the cryptocurrency world, I have seen too many people who previously lived stable lives, but dived into the crypto space seeking wealth and ended up losing all their savings and causing family breakdowns. Today, I want to share a few honest truths from the heart. If you really want to enter this space, you must read carefully — this is not alarmism, but lessons learned through the blood and tears of countless individuals.
The cryptocurrency world is never a place for 'easy earnings'; it resembles a professional arena. If you lack real skills and still want to win, it's no different from running naked across the street. I have seen many newcomers who don’t even understand the basic principles of blockchain, yet dare to invest their retirement savings and mortgage money, only to panic and flail about when the market fluctuates slightly, either selling at the bottom or holding on until liquidation.
If you truly want to establish yourself here, first understand three things: basic knowledge is the foundation, news analysis is the direction, and technical indicators are tools. Those technical indicators that have been circulated for over a decade, such as the divergence signal of MACD — if the price hits a new high but the indicator doesn’t follow, it's often a warning of a pullback; KDJ's overbought and oversold — over 80, you need to guard against a drop; below 20, you may see a rebound; and the game of support and resistance levels, these are not universal keys, but can help you build a framework for quantitative analysis, at least preventing you from making blind moves when the market is volatile.
More importantly is the control over your finances. I have seen too many people who, upon seeing others flaunt profit screenshots, become envious and go all in on a certain cryptocurrency, only to either get cut down or be severely hurt by a project’s exit scam. The truly prudent approach is: invest with spare money, never touch borrowed funds; do thorough research before building a position, understand the value logic of the cryptocurrency, rather than following others shouting 'hundredfold coins'; and diversify your investments, ensuring that no single cryptocurrency positions exceed 30% of your total capital, leaving yourself an escape route.
Over the years, I have managed to minimize losses and maximize gains, not relying on any secrets but strictly adhering to 10 iron rules. These are not profound theories but survival guidelines earned through blood and tears: when you must stop losses, when to increase positions, which cryptocurrencies you shouldn't touch, and in what market conditions you must stay out... It seems simple, but it can help you avoid 80% of the pitfalls.
The cryptocurrency space indeed has opportunities for significant wealth creation, but the premise is that you must first learn how to survive. Those who fantasize about getting rich overnight mostly end up as stepping stones for others' wealth.#Chainbase上线币安 #加密立法新纪元