❶ The correct posture for trading coins.
There are two things I consider particularly important: one is knowledge, and the other is money. To some extent, these two things are the closest to being omnipotent, capable of helping you achieve most of your wishes. But what knowledge is the most crucial? I believe the knowledge of how to make money is the most important.
I have observed that many people lack the 'money smell'. What is 'money smell'? It is the desire to make money. I strongly recommend everyone take a piece of paper and a pen, list out the five things you most want to do in your life. Then make a hypothesis: if you currently had ten million, would those things you want to do seem closer or much closer? If the answer is yes, then you should consider putting in great effort to learn how to make money.
Our income can be divided into two types: one is labor income, and the other is asset income. To achieve financial freedom, you must continuously increase your asset income! Moreover, since no industry is particularly prosperous right now, you should seriously study investment. Investment relies on making choices and judgments, so there will always be profitable individuals—those who can make good choices and judgments.
If you can enter the crypto world and are starting to consider buying blockchain assets, you are already ten streets ahead of others, and that’s no exaggeration. You are among the smartest people in China, those who can make the best choices.
There's a saying about someone else's child. Someone else's child says: I'm smarter than you and work harder than you; what do you have to win against me?
I say: I win by making choices.
I am honored that you have chosen to enter the blockchain industry, so you must cherish this opportunity; it is not a problem to become a winner in life through this.
The blockchain industry is still in its early stages, as many projects have yet to materialize and foundational structures are still being refined. However, the price surges in 2017 and early 2018 consumed a lot of value expectations.
What should you do before entering the market? I believe the first step is to look at the big cycle, then the small cycle, and finally the project. Because some projects, no matter how good they are, if the current cycle is at the end of a bull market, entering at that time will only trap you.
Currently, the overall situation of the big cycle is that the total market value of blockchain has been rising for three to four consecutive years. Do you think it needs to have a bear market for a year or half a year to take a breather?
Some say that blockchain is the future and that its market value will be even larger in the future. I agree with this, but being stuck with an asset for a year or so is uncomfortable, right? After all, you are just an ordinary person.
I suggest everyone take a look at which tokens are ranked in the top 15 by market cap in the blockchain asset market. Can you name the top 15 tokens without having seen the ranking? Can you describe what each token does and its characteristics? If not, make sure to learn more during breaks.
I have always believed in a particular principle: existence is reasonable. The market is always right, so respecting the market is crucial. Therefore, studying the top-ranked tokens is very necessary. In the future, Zhongyuan Blockchain will also add a column dedicated to studying the top 100 tokens.
Someone asked if there is a guaranteed investment method in the crypto world. I tell you, there really is.
For example, if you currently have 100,000, you can buy 20,000 in Bitcoin, then buy 20,000 in Ethereum, and hold onto them. If one day, another token surpasses Bitcoin and Ethereum to enter the top two, then shift the funds from the coin that got pushed to third place into the new top two token. Use the remaining 60,000 to evenly buy into other blockchain tokens ranked in the top 15. When any token drops out of the top 15, sell it and buy into the new token that enters the top 15.
Holding on continuously, through bull and bear markets, is possible. This is also a method of value investment and long-term investment, suitable for lazy investors. I guarantee that this method is risk-free; hold onto it for five to ten years. If you make money, you can send me a red envelope; if you lose money, I'll compensate you, no problem. Yes, remember, it's for five to ten years. This method is suitable for seasoned investors because they have a good mindset.
I suggest that newcomers to the crypto world do this, or if you are helping family or friends invest, you can use this method as well. This way, discussing the results of your investments becomes easier.
I observe that some friends hold tokens with low market capitalization while doing value investment, but they still hold onto them. The result is that the price of this coin rises, but when using Bitcoin or Ethereum as a trading pair, they find that this coin hasn't risen and has instead dropped. At this point, should you be happy or sad? The survival rate of small coins is very low; over 99% of them will die. Even the ones that survive may rise in the long term but will not outperform Bitcoin and Ethereum. Are you happy? You aren't. This is also why I advise everyone to only buy tokens ranked in the top 15 for value investment.
The market value of blockchain has been continuously rising, and while some friends' assets are appreciating, they have not reached the average level. The average level I refer to is whether the percentage increase in the total market value of blockchain matches the percentage increase in your assets. If it exceeds, that's certainly good. If it doesn't, you might as well focus on doing long-term investments.
Next, let's talk about medium-term investments. The principle of medium-term investment is to buy coins during a bear market and sell them during a bull market, and to avoid unnecessary actions. Why advise everyone to avoid unnecessary actions? Because experience shows that the more you move your held coins, the fewer you end up with. Of course, it's also important to develop the good habit of only making large swings and not small ones. Opportunity cost is crucial, and you should seize every major opportunity. As for the minor opportunities, if you miss them, just let it go; trying to seize those small opportunities might cause you to miss the big ones, which is not worth it. The total profit from numerous small opportunities will definitely not exceed the profit from a single major opportunity.
It's like taking an exam in childhood; the first step is to learn the simple knowledge points and get the simple questions right. With this foundation, then we can tackle the more difficult questions. The same applies to investments; first, earn the money you can understand and don't lose what shouldn't be lost. Only then can you start earning slightly more challenging money.
Before a bull market arrives, there are signs; you must learn to recognize them so that you can catch this big train.
The premise for a bull market is that there is a continuous influx of off-market funding, which creates a situation of supply not meeting demand for quality tokens in the market.
Only under such circumstances can the price of coins surge dramatically, leading everyone to see that a bull market has arrived, and a steady stream of funds will flood in.
The main players of good coins and their founders and teams certainly hope their coins will rise, so they need to drive the price up. However, the premise for driving the price up is that there must be a steady stream of funds willing to buy in, even those willing to chase prices. Otherwise, they won't dare to drive the price because they could end up trapped themselves.
When you see that recently some quality coins have risen while others have also risen, it indicates that a bull market has arrived. Of course, you can also check whether the number of coins rising by over 30% each day is increasing, which could provide a more accurate judgment.
During a bull market, do not fantasize about being a perfectionist, thinking you must sell at the very peak of the bull market. The correct approach is to slowly sell off your assets when the bull market seems to be nearing its peak. In fact, selling within that peak range is quite easy.
Generally, when a bull market ends, a significant drop follows. It's advisable not to try to catch the bottom because you don’t know if the bottom you are catching might be even lower. If you don't do it right, you will end up trapped. So, you need to hold back and try not to be greedy for small gains. Remember, opportunity cost should focus on larger opportunities.
Generally, during a bear market, it could be a black swan event, or it might be that the previous surge was too rapid, and the market needs to release all the good news and take a breather.
If a black swan event occurs and you inadvertently get caught, carefully observe the situation's development and see how the big players in the crypto world are reacting. Finally, make a comprehensive judgment based on your risk tolerance. If you really need to cut your losses, be decisive about it. Worst case, you can always buy back at a lower price. The premise of this approach is that you are trading value coins, which is very important; if they are not value coins, they might drop to the depths of hell.
If a significant correction leads to a bear market, be patient and wait for the market tokens to stop falling, which indicates that buying volume has returned. When everyone starts buying, that is when the market has consensus, and you can start buying as well. Generally, this phase lasts for a little while, and during this time in the crypto world, the big players hardly speak or take action because funds are unwilling to speculate, and the big players can't do much either. Also, during this period, various crypto chat groups are generally quite silent. This is precisely the right time to buy coins and participate in good project crowdfunding.
Some say that holding onto coins is harder than being single. Holding coins is not as easy as you think; it's not just about holding them blindly. I suggest everyone take time to understand the dynamics of the crypto world and seek advice, and learn more about blockchain-related knowledge. Only when you have a lot of understanding and recognition can you better hold onto this coin.
Next, I'll share some strategies for trading coins.
Pay attention to which coins are likely to surge or plummet. You can make a significant profit this way. For example, SC fell sharply last year due to heavy selling pressure from mining, combined with a rise in Bitcoin, causing altcoins to drop significantly. This was a good time to buy. This year, due to constant crowdfunding, EOS has also experienced a severe drop, initially crowdfunded at seven dollars but later dropping to over three dollars. It then began to consolidate at the bottom. Even though it is still in crowdfunding and Bitcoin is starting to rise strongly, EOS has remained relatively stable, indicating that someone has been accumulating at the bottom, making it difficult for the price to drop further. Generally, with good assets, once the price has dropped by half, it is already a good time to buy in, otherwise, how can the investors and developers save face? Typically, once a coin drops by half, this is basically the psychological price for developers. At this point, you can buy a portion, and then gradually dollar-cost average.
Make sure to participate in good crowdfunding projects often. Remember, when participating, always choose projects that many people are optimistic about. Only then can the coin rise once it goes on a platform. The most important point is that for any crowdfunding, develop the habit of waiting until the last moment to invest.
You can also lay low and wait for some potential coins. For example, some applications may have started but the coin's price hasn't risen much, or hasn't even broken previous highs. So currently, it might be a good time to buy in. You can buy a small portion of a coin like Antshares to hold onto; if it drops significantly, you can buy a bit more. You might also buy some Ethereum; after all, Ethereum's price against Bitcoin has also dropped significantly, and currently, it seems to hover around 0.05 Bitcoin, which could break out at any moment.
With the bull market here, the funds in the pool are increasing. The top-ranked value coins have begun to rise in succession. Hold onto your coins tightly. Even if there is a significant correction, it doesn't matter if you didn't exit early. Because the pool has ample funds, it will eventually rise back. People are accelerating their entry, and the digital currency era may fully unfold.
Currently, Bitcoin has risen quite high. There is a high probability of a significant correction next month. Once it breaks the ten thousand dollar mark and rises a bit more, you can start to gradually reduce your positions. After all, now that bloodthirsty Wall Street has entered the market, institutions do not like to be the ones buying at high prices; they prefer to harvest profits from others. Everyone should stay vigilant.
Today's sharing ends here. Thank you all.
❷ A recap of basic gameplay for beginners in the crypto world.
The blockchain concept seems to have taken the world by storm overnight, and the crypto world that emerged alongside it has become fertile ground for the creation of countless wealth myths. At that moment, whether large players or small investors, almost everyone turned their attention to this circle, pouring in large amounts of capital, fearing that missing out on a moment would mean losing a great opportunity. In fact, as a new industry, many investors entered the market recklessly without knowing anything about blockchain, ultimately falling prey to being 'harvested'. Since we enter the crypto world to make money, have you seriously thought about how to make money in the crypto world? Or how to make money more stably in the crypto world? Method 1: Project crowdfunding in the crypto world is undoubtedly the most exciting way for investors. Through this method, many investors have seen their assets multiply dozens or even hundreds of times in a short period, with immense potential for profit. However, times have changed; the number of crowdfunding projects on the market has sharply increased, and their quality varies significantly. Currently, the risk of breaking even in crowdfunding projects is very high. If an investment fails, it may very well lead to the total loss of the investment. Method 2: Short-term trading is also called swing trading. In the crypto world, short-term trading is the most common method, and it is also the first position for most people to unlock when entering the crypto space. However, short-term investing in the blockchain world is essentially gambling on luck, with significant risks. If you think you can prosper in the crypto world just by following the K-line analysis of some 'short-term gods', then congratulations, you're not far from being a qualified 'chive' (a slang for inexperienced investors). If you don't lose everything in three years, consider it a loss for me. Method 3: Arbitrage involves taking advantage of the different trading prices of various coins on different platforms. Buy on the platform with a lower price and sell on the platform with a higher price; the difference in price is your profit. Speaking of this, do you think arbitrage is a guaranteed way to make money? Too young and too simple! Arbitrage is actually a technical task. Due to the varying withdrawal speeds of different exchanges, during the time it takes to withdraw, the prices in the two markets could reverse. Plus, withdrawing coins between exchanges requires handling fees, so in reality, the only guaranteed profit comes to the exchanges.
Method 4: Grab airdrops. To allow potential investors to obtain token-related information, some project teams frequently conduct airdrops, sending tokens to users' wallet addresses. Since airdrops are generally free, this method is also favored by a considerable portion of users. Airdrops may seem like a zero-cost way to make money, but in reality, some scam groups often lure people in with high airdrop rewards and then trick users into entering their private keys, ultimately draining their wallet addresses of tokens. Thus, airdrops are not absolutely risk-free. Method 5: Invest in Kssbtc platform for stable financial management.
The most reliable way is still to join a blockchain company and invest in projects alongside the team! KssBit is a one-stop digital currency fund redemption platform that combines quantitative strategies, AI arbitrage, DeFi, ETF, and other types of comprehensive profit-generating fund platforms. The platform supports BTC, USDT, ETH asset-based financial management, offering continuous returns across bull and bear markets. It also has multiple funds to choose from, catering to different user needs for stability and aggressiveness. All funds are available for withdrawal at any time with real-time settlement. There are no lock-ups or fixed periods; it’s flexible and convenient. This is the most stable and realistic approach to ensuring 'risk-free' profits!
❸ For those just starting to get in touch with digital currency, how should they enter the crypto world?
If you're new to the crypto world, spend more time browsing forums and paying attention to news. Also, when just entering the market, don't invest too much; you can invest a small portion of money to practice, for example, if EOS has recently surged, you can try leveraging to practice.
❹ How to correctly invest in the crypto world!
As a survivor, you must remind yourself that your capital is king, and trade Bitcoin cautiously on bitz.
❺ Points newcomers need to pay attention to in the crypto world.
The crypto world is a place that tests human nature the most. Many people say that investing is counterintuitive, which I strongly agree with. Others have also said that the money earned from investments is a reward for your ability to do counterintuitive things. Yes, these experiences convey a message: investing in the crypto world is also a place that requires real money to grow. To become a qualified investor, it is extremely difficult to make money without stepping into a few major pitfalls or losing some money, much like when we were kids learning to swim — you can't learn well without swallowing a bit of water. However, we can aim to make fewer mistakes and incur fewer losses. If we make a mistake once, we should summarize our experiences and avoid falling in the same place a second time; this is what a truly quality investor should do. Of course, the market will reward you for such excellent investment behavior with a generous return, but that is a story for another day.
1. The risks of coin price surges and drops.
Risks are brought about by increases.
The price of coins fluctuates significantly. For those with weak hearts or poor stress tolerance, it is not advisable to come into the crypto world. For newcomers, entering during the tail end of a bull market usually means seeing a bear market after a year. You can invest a portion of your monthly income that you can afford to lose; even if you make some erratic moves at the tail end of the bull market, you will need to find ways to make money during the bear market to accumulate your holdings.
When the bull market comes and the price breaks previous highs, you can basically start selling in batches. Just temporarily set aside your intelligence, trust the market's choices, and earn cyclical money to avoid such risks. If you accurately see the larger trend in digital currencies, you can make money whether you choose Bitcoin or Litecoin.
2. The risks of storing coins.
Regarding coin storage, I regularly contact someone in the crypto world, and one of the interview questions includes: What is your current method of storing digital assets? Most people choose to keep them on exchanges.
When our digital assets have not reached a certain magnitude, such as below 100,000, and if you are relatively lazy, I think it is acceptable to store them on a few large trustworthy exchanges. Be sure to store them separately and not just in one or two. Choose selectively between Binance, OKEx, Huobi, etc. Even if one is hacked or goes bankrupt, you still have most of your assets safe, reducing the overall risk.
3. The risks of trading.
The risks of trading mainly come from if the money you receive from selling coins is involved in money laundering, your bank card will be frozen by the authorities.
During a bear market, learn to use a small amount of money for short-term operations, including selling coins. You should also learn through trial and error. Having your bank card frozen by the authorities is a very troublesome matter. It can last for half a year or even a few years. If all your large funds are tied up in it, the losses would be unimaginable because of the huge fluctuations in coin prices. If your money is stuck in a card and you can't move it, that would be truly disheartening.
❻ The three laws of the crypto world.
First Law:
Do not operate frequently; develop a good habit of dollar-cost averaging. Otherwise, all your efforts will be in vain. Many people are afraid of missing out when they have no coins, but when they have coins, they fear getting trapped at high prices. Some have held onto coins for a long time and end up cutting losses due to a small hiccup, only to see the price rise immediately after selling. This is a classic case of dying just before dawn, so be sure to develop a dollar-cost averaging strategy — set your stop-losses and take profits.
Second Law:
After hearing good news, you should be aware of the risks. Generally, the corresponding coins start trending a few days before good news. If you happen to hold the coin, consider taking profits decisively! Do not hesitate for a moment. Do not expect to profit from the peak.
Third Law:
When hearing bad news, you can aim for promising coins to take a shot. Of course, the premise is that there is a certain deterrent effect in the bad news, and after it has fermented for a while, when the bad news starts to fade, you can gradually dollar-cost average.
[Expanded information]
The so-called crypto world is a circle formed naturally by cryptocurrency players. It is not a large circle, but the number of people is not small either. Within the crowd, they are generally a niche and unique group. However, all sorts of ways to make money are rapidly copied, such as ICOs, trading coins, mining, etc.
There are many ways to make money in the crypto world; the main ones being trading coins, ICO crowdfunding, and arbitrage. The legal currency in the crypto world is fiat currency, issued by the state and government, with only government credit as collateral, such as the RMB, USD, etc.
1. Crypto tokens.
Token, usually translated as 'token'. Tokens are one of the important concepts in blockchain, more commonly known as 'coins', but in the eyes of professionals in the blockchain circle, the more accurate translation is 'token', representing a kind of rights proof on the blockchain rather than currency.
The three elements of a token:
First, digital rights proof means that tokens must exist as digital rights certificates, representing a right and an inherent value.
Second, encryption—the authenticity, anti-tampering, and privacy protection of the tokens are guaranteed by cryptography.
Third, tokens must be able to flow within a network, allowing verification anytime and anywhere.
2. Building a position in the crypto world.
Building a position in the crypto world, also known as opening a position, refers to traders either buying or selling a certain amount of digital currency.
3. All-in in the crypto world.
All-in in the crypto world means investing all your principal.
4. Crypto Airdrops
Airdrops are currently a very popular marketing method in the cryptocurrency space. To inform potential investors and cryptocurrency enthusiasts about token-related information, token teams frequently conduct airdrops.
❼ For those looking to enter the crypto world, how can newcomers reliably get started?
Currently, new Bitcoin users generally choose to trade on secondary markets, such as OKEx, a world-class trading platform. Choosing a good platform is the foundation of trading Bitcoin. Once you have a comprehensive understanding of the Bitcoin market, you can choose to attach yourself to an OKEx Pool to become a miner, which can also yield decent returns. I hope my answer helps you. Thank you very much!
❽ How to turn a few thousand into hundreds of thousands in the crypto world.
How to quickly make a thousand dollars from scratch in the crypto world.
First, you must understand that coins capable of rising tens of thousands of times over half a year or a year, like Bitcoin back then or the coins from last year, are extremely rare in the crypto world. Moreover, the daily fluctuations of these coins can feel like a roller coaster, making it hard to sleep at night. The real number of people who can profit from these coins is also very few. Therefore, investing in the crypto world must be with idle money; otherwise, it will have extremely negative effects on your family and life.
Generally speaking, it's quite difficult to select coins that might rise hundreds of thousands of times over one or two years. However, during a bull market, it's still easy to come across coins that might rise seven to eight times or even tens of times. But if your initial investment is too small, such as just a few thousand or ten thousand, then even if you encounter a coin that rises seven to eight times or even tens of times during a bull market, you might only make a few hundred thousand at most, which won't lead to financial freedom. Therefore, you must quickly earn your first bucket of gold, which is — grabbing airdrops.
The trend of grabbing airdrops in the crypto world likely began with the Uinswap project's token UIN airdrop in 2020. At that time, as the first truly decentralized trading platform (DEX), Uinswap's establishment not only marked the first swap to break away from centralized exchanges like Binance, but it also had milestone significance in the industry. For many crypto players, the more important aspect was that every player who interacted with the platform before 8.31 received 400 UIN tokens, which were worth over 40,000 RMB at their peak. This can be considered the first real rebate for participants and also initiated the airdrop craze in the crypto world.
In the past two years, high-value airdrops like the token LON from the imToken wallet, DYDX airdrops, ENS airdrops, and Nation airdrops have appeared one after another. If you have been tracking crypto projects over the long term, you would have taken advantage of these benefits, and in the last two years, you could have easily made hundreds of thousands. One of my friends who participated in the crypto world did not miss any opportunities and sold during a period when the coin prices weren't very favorable, making over four hundred thousand after two years.
There are many airdrop projects in the crypto world. The main significance of airdrops lies in risking a little for a lot, not spending a dime to grab the project, or spending just a little (usually just transaction gas fees or handling fees) to contribute to the project, which may result in significant rewards. Of course, not every project will yield high returns; many projects may not have airdrops (equivalent to contributing for nothing), some have but are very few, and some may even result in losses (having less value than the costs incurred to participate in the project). The key is to follow market trends and not miss any possible profitable opportunities. This way, your chances of acquiring your first bucket of gold will increase quickly. Within a year or two, if you catch two to three major projects, your first bucket of gold in the crypto world will come.
After securing your first bucket of gold, patiently wait for the next bull market to arrive. When the bull market comes, buy 2-3 tokens that are popular in the industry (like Ethereum) and hold them patiently until the end of this bull market. The entire cycle lasts 3-4 years, and even if you don't make ten million, making a few million is very likely.
❾ How can beginners get started in the crypto world?
Beware of pyramid schemes and scams. Many virtual currencies are associated with pyramid scheme organizations, so it’s best to clarify whether the virtual currency you want to invest in is a pyramid scheme.
❿ What should newcomers pay attention to when entering the blockchain and crypto world?
Blockchain and 5G are known as the fourth information technology revolution. Moreover, blockchain technology is something that many countries do not want to miss, especially developed countries, so the prospects for blockchain technology are promising, with rich application scenarios, primarily in data storage.
Blockchain technology is viewed positively by many countries, but blockchain finance has a poor reputation. Despite this bad reputation, blockchain finance and blockchain technology are inseparable, so blockchain finance is also indispensable.
For newcomers entering the crypto world, first understand some principles of Bitcoin and blockchain finance, learn what Bitcoin is and how it relates to blockchain, observe the trends of mainstream coins in the crypto world for a while, and don't rush in. You can look at others' analyses, but you need your own analysis. If a new coin appears, check their website, whitepaper, and community to see if they're doing anything. Don't just rush in to buy; observe first.
Also, some mainstream coins in the crypto world are expected to rise in the long term, so you can hold some for dollar-cost averaging. For instance, if you bought EOS at thirty dollars but it keeps dropping, you can buy more at twenty-five dollars to lower your average entry price. Additionally, don't sell too easily because once you sell, you may not be able to buy in at such a low price again. If you buy high and it drops, you'll be trapped.
Regarding altcoins, you must join their communities and observe their situation closely, paying attention to any positive news they release.
My suggestion is to do regular investments in mainstream coins, and keep a long-term watch on one or two altcoins because when they rise, altcoins can skyrocket faster, with tenfold or hundredfold increases being possible.
It's better to teach a man to fish than to give him a fish.
Crypto investors, whether beginners or experts, gain not only financial returns but also growth in investment knowledge and experience from me. Follow me to learn more about crypto knowledge.
