1. Making money requires underlying logic; without logic, earning is purely luck. I often advise people in the crypto circle that large funds should dollar-cost average in BTC, and a portion should be allocated to other assets that are less likely to go to zero, also using dollar-cost averaging.
Many people think dollar-cost averaging is just buying in batches, avoiding buying at the highest or lowest points. When it drops, they can use bullets to replenish, possibly making less profit but definitely losing less. They think this is the biggest advantage of dollar-cost averaging.
The real benefit of dollar-cost averaging is to change the deep-seated thinking in your heart, allowing you to truly hold onto this asset.
You must have had this experience, betting everything, judging the price highs and lows, then buying an asset that just doesn't rise, like ETH or DOGE. After a year and a half, it still doesn't rise. Even when Bitcoin hits new highs, it just doesn't move much. Your heart feels extremely tormented every day, and then finally, it rises in the last few days, and when it does, many people sell immediately because they break even. Some even sell without waiting for a break-even, just too lazy to look.
Recently, when the market rose, many said they sold a few days ago or sold immediately when it surged. Those who fall before dawn are the most regretful.
Why can't one hold on? This can't be blamed on them. The fundamental reason is that the holding time is too long.
Assuming you bought it the same day and it dropped, would you be anxious to sell? You're dollar-cost averaging every week or every day. Every time you buy, your holding time refreshes. If you have been dollar-cost averaging for a year, as long as you buy once in the last week, your brain thinks you've only held for a week. So why rush to sell, right? This is the greatest power of dollar-cost averaging. ----- It can continuously refresh the holding time, deceiving the brain’s perception.
Except for me, there shouldn't be anyone who tells you this underlying logic.
Now you understand how to hold on, right?
2. I've recently made money shorting altcoins, based on information advantage. I have always said that buying BTC is our only information advantage for ordinary people: fiat currency inflation means it must rise.
When you buy other altcoins, besides the information advantage in a bull market, what else do you have? What grounds do you have to judge that it can rise significantly? Moreover, during the peak of a bull market, there are still some that don’t rise, right?
Many people profit from altcoins because they have information advantages we lack, such as those big KOLs on Twitter. They actually have groups of experienced people brainstorming together, which is their biggest information advantage. Don’t think that each of them is so amazing on their own; the information we access might be superficial, and we dare not buy. Without information advantage, it's just random buying.
I recently optimized my strategy again, and I can share it with everyone.
Because the market has been rising a lot recently, solely shorting carries some risks. To prevent a sudden surge in this bull market.
This is what I do: go long on BTC while simultaneously shorting altcoins.
Assuming BTC rises in a bull market, altcoins surge, then you can limit your losses.
Assuming BTC crashes, altcoins will plunge, but you can still profit.
Assuming BTC is consolidating, the probability of altcoins slowly declining is high, and you can profit.
Assuming BTC rises and altcoins fall, you can still make money.
Different strategies are used in each stage. I guarantee that when I lose, I lose less, and when I earn, I earn big.
In these situations, I have profited 75% of the time. With long-term accumulation, my USDT is always on the rise.
Strong recovery, doubling assets! Keep up with the rainy days, plan in advance, and easily achieve big profits.
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