When a certain cryptocurrency drops to 10 USD, first enter a 20% position; if it falls to 8 USD, add another 30%, making the average cost about 8.6 USD; if it continues to drop to 5 USD, add another 40%, pulling the average cost down to 6.5 USD — this method of building positions in batches is a common strategy in a fluctuating market.
Most people in the cryptocurrency world initially come in with the aim of 'making money'. Can you make money? There are indeed opportunities, but the market's play is often very straightforward: you observe, and it rises to tempt you; when you can't help but enter the market, the early funds start to exit, leaving only those who bought at high prices suffering in the fluctuations.
In fact, the most relaxed state in investing is often when the initial invested money is 'insignificant' — it doesn't affect life, and when busy, one might even forget this investment. This 'calm mindset' can avoid many emotional trades.
However, the cryptocurrency world is often associated with various labels. Some people think it’s filled with 'young, wealthy, and high IQ' individuals, and there have even been extreme cases such as 'a female teacher in Shanghai being scammed out of 4 million by a cryptocurrency fraudster yet remaining obsessed'. But these are ultimately exceptions and cannot represent the entire market.
In life, it seems there is always something inexplicable called 'fate'. A 20-year-old might not believe it, but with more experiences, one will gradually understand that 'destiny has its fixed course, while fortune can be grasped' — small wealth might rely on luck, but great wealth cannot be separated from perspective and timing.
The patterns in the cryptocurrency world contain many extreme cases. For example, LUNC surged to jaw-dropping heights during a bull market, only to fall into a death spiral in a bear market, almost becoming an 'air coin', and the founder got into trouble; but when the bull market comes, it may rebound with emotions, doubling again and again. Bitcoin and Shiba Inu coins have also risen tens of thousands of times amidst controversies, which highlights the complexity of the market.
Perhaps the most lamentable is that investor who 'turned less than 1 BTC into over 800, but ultimately went bankrupt for not taking profits' — temporary profits don't count; being able to hold on is the real skill.
Lastly, a reminder: OKEx and Binance are among the largest cryptocurrency exchanges globally, with a broad user base and relatively regulated. Newcomers should avoid small platforms to reduce financial risks. But no matter where you trade, always remember: cryptocurrencies are highly volatile, and the risk is always borne by yourself.