The cryptocurrency world is magical realism, more magical than reality itself, just like travel bloggers who seem to be traveling while making money, but in reality, they are hustling everywhere to make a living.
In the crypto world, the goal is to make big money. You must not use the logic of making small money to make big money. Strategies like buying low and selling high, or using leveraged contracts, are all useless theories taken from A-shares. Even the best retail investors in A-shares need to undergo a hellish baptism when trading cryptocurrencies. Even if you get it right once and achieve a high return, it doesn't matter; you wouldn't dare put down 1 million or 2 million all at once. But when it comes to accumulating coins, you dare to invest 10 million! Making money in the crypto world is actually the simplest: buy more, hold longer, and when the bull market comes, you can be liberated.
A day in the crypto world is like a year in the human world, but that is still too narrow. The reality is that a day in the crypto world is like a thousand years in the human world. If you and your friend haven't seen each other for three days, you should look at each other with new eyes; one could have ascended to a higher class, while the other might have fallen to the status of a beggar, or perhaps become a millionaire.
Why do I say there must be altcoin seasons? Reason 1: In the later stages of a bull market, Bitcoin (BTC) no longer creates wealth effects, and later funds will choose altcoins. Reason 2: In the later stages of a bull market, project teams pump altcoins to exchange for the Bitcoin (BTC) you hold because Bitcoin (BTC) is easier to offload. Reason 3: The bull market ends in madness; the madness is certainly about altcoins. Reason 4: Pumping Bitcoin (BTC) brings retail investors in, while pumping altcoins prevents retail investors from exiting.
However, the path in the crypto world is not smooth.
Trading, well, playing spot means buying low and selling high; you need to think about the losses in between. Do not chase highs and sell lows, as it is easy to get stuck at the peak.
Whenever a bull market arrives, a group of traders becomes famous, especially in small exchanges. Do not believe this; it is merely self-directed drama where they can control the backend data. They are just creating a false persona in the crypto world. Why don’t large exchanges need people like this? Because they don’t lack money. Small exchanges can anytime turn into Ponzi schemes and run away with funds. A fool sees fools.
In the cryptocurrency world, the feeling of a day passing like a year is particularly pronounced. Although there are enticing investment opportunities in the crypto space, there are also enormous risks. The scams here can be seen as the ultimate presentation of internet fraud, making them hard to guard against. For investors, investing in the crypto space, holding mainstream coins, and choosing top-tier exchanges like OKEx and Binance are important safeguards for investment safety. Initially, I only held a few dozen bucks. Most other exchanges are counterfeit or shady platforms, and they may even be well-crafted Ponzi schemes or 'pig-killing' scams that should be avoided at all costs.
Seize the opportunity, sign up immediately, and collaborate with an experienced strategy team to uncover certain opportunities amid market fluctuations, responding calmly and rationally to the unpredictable cryptocurrency market.
