After more than a decade of struggling in the cryptocurrency field, I have emerged from the predicament of multiple liquidations and am now able to achieve financial freedom and support my family's expenses. In 2024, my capital achieved a 50-fold increase; if it weren't for two withdrawals for purchasing a house along the way, the returns could have reached 85-fold.
If you also desire a turning point in your life, you might want to take a closer look at these insights:
• In cryptocurrency investment, the fluctuation of prices is like the ups and downs of life. When the coin price enters a steady upward phase, each pullback is like a rest stop along the way, making it a good time to enter. Be clear that there is no price that only rises and never falls; pullbacks are like compressed springs, meant for a stronger rebound later.
• If the coin price enters a clear downward channel, any rebound should signal an exit. Once the trend deteriorates, it may take a long time to return to an upward trajectory. Never blindly persist, wasting time in vain.
• In the short term, the rise and fall of coin prices are mainly influenced by market sentiment and fundamentals. However, from a long-term perspective, do not be deceived by small gains in front of you. Just like the current market situation, although sentiment has a great impact, the fundamentals determine the magnitude and duration of the rise.
• Artificially judged bottoms are mostly not real bottoms; they may only be halfway through. The formation of a true bottom depends on market sentiment on one hand and the flow of funds on the other. So, don't blindly try to catch the bottom; often, nine out of ten attempts will lead to being trapped.
• Don't rely too much on positive news; the core of the market lies in expectations. Many retail investors like to buy and sell based on news, but what you hear is mostly what others want you to know. Even if the news is true, by the time it reaches you, the market may already be nearing its end.
• Never casually leverage; it does not increase the probability of winning. Once you incur losses, the amounts will be magnified infinitely. Don't add unnecessary risks to yourself.
• Try thinking in reverse; you might be pleasantly surprised.
• In cryptocurrency investment, staying calm is crucial. In the face of market noise and temptations, do not be swayed by emotions; make rational decisions. Remember, impulsiveness often leads to major troubles in investment.
• It is important to continuously learn and summarize experiences. The cryptocurrency market changes rapidly, and only by continuously improving your understanding can you better seize investment opportunities and avoid making the same mistakes repeatedly.
• Have firm belief and enough patience. Investment does not succeed overnight; you may encounter setbacks along the way, but as long as you believe in your judgment and wait patiently, you will eventually reap rewards.#ETH突破4000 #特朗普加密新政 