The cryptocurrency world is a place that people love and hate at the same time. Have you ever wondered why some people can turn tens of thousands into hundreds of times, while others watch their accounts shrink day by day?
I know a senior who entered the market with 100,000, and now the market value has exceeded 42 million.
One sentence he said made me realize instantly: The cryptocurrency market is full of a crowd of people; you just need to control your emotions, and this market becomes a cash machine.
I understand that the cryptocurrency world is not just about luck and technology; more importantly, it’s about whether you can control your emotions well.
If your mindset is good and your strategy is right, the market will generally give way to you. Today, I will share a few practical secrets I learned from this senior to help you avoid detours in the cryptocurrency world.
1. Don’t rush in when entering the market.
Many people think they must make big money as soon as they enter the market, but this is not a race; a steady entry is the way to go.
Don’t rush in just for a hype. Stay calm, test the waters first, and do not rush.
2. Sideways movement means waiting for opportunities.
Sideways fluctuations are not necessarily a bad thing; on the contrary, this is the best trading opportunity! When the price is low and moving sideways to create new lows, heavily buy the dip; when the price is high and moving sideways to create new highs, decisively sell.
Identify the support and resistance levels, and you can profit steadily during fluctuations.
3. Don’t panic during volatility; seize the opportunity.
When the market surges, sell quickly; when it plunges, enter fast. During sideways movement, be patient and observe, quietly waiting for the market to act.
If you catch the rebounds and pullbacks, you can stand on the winning side.
4. Clearly differentiate between buying and selling opportunities.
When others are greedy, you should be fearful; when others are fearful, you should be brave.
Buy on bearish candles, sell on bullish candles.
If there’s a big drop in the morning, enter the market; if there’s a big rise in the morning, sell off.
Be sure of the timing; do not blindly chase rising prices or sell in panic.
5. Control risks; preserving your life is the key.
Beneath the calm surface of the lake, there are always big waves. In the cryptocurrency world, do not operate with a full position; never go against the tide.
Learn to enter the market in batches, cut losses when in the red, and retreat when in profit, while always staying calm and knowing your position.
These seemingly simple principles are backed by countless painful lessons from the market.
Behind every operation, it’s not luck but calm strategies and emotional control.
Those who suffer liquidation are not because the market is bad, but because they lack patience, discipline, and cannot control their emotions.
Learn to be calm, learn to wait; opportunities in the cryptocurrency world are always there, it just depends on how you grasp them.
