The crypto world is both loved and hated: some have turned tens of thousands into hundreds of millions, while others see their accounts continuously shrink. A seasoned player turned 1 million into 42 million, and his words awakened me: most people in the crypto world are swept away by emotions; if you stay calm, the market can become an ATM. Only after making mistakes do you realize that it's not just luck and skill here; you also need to control your emotions – a steady mindset and a correct strategy will naturally lead the market to yield.
Here are a few strategies honed in real combat that can help you avoid many detours:
Don't panic when entering the market; slow is fast
Many people rush to make money as soon as they enter the crypto world, feeling that if they are slow to act, they’ll miss out on a fortune. Don’t rush for results; start with a small position to test the waters, understand the methods before increasing your position, as rushing can lead to mistakes.
Sideways movements are not suffering; they are opportunities knocking
When prices are stagnant, don’t feel bored. If prices are low and moving sideways, you can accumulate; if prices are high and not breaking out, sell decisively. Understand support and resistance levels to profit steadily amidst fluctuations.
When the market is volatile, the panicked lose, while the steady gain
Sell when prices rise sharply, buy when prices drop, and wait patiently during sideways trends. Capture rebounds and pullbacks, positioning yourself on the side with a higher probability of winning.
Timing for buying and selling comes down to this: buy when others are greedy and sell when others are fearful
Remember two phrases: buy on down days, don’t chase up days; if there’s a big drop in the morning, dare to enter; if there’s a big rise in the morning, know when to pull back. Don’t blindly follow the crowd; when most people are crazy, that’s exactly when you should stay calm.
Control risk; staying alive is more important than anything
The crypto market can change at any moment; never go all-in on a single bet, and don’t stubbornly hold on to losing positions. Learn to enter positions in batches, cut losses when necessary, and take profits when they appear. Always stay calm, and you must clearly understand how much money you have and what level of risk you can bear.
These principles may seem simple, but behind them are countless lessons learned from liquidation and missed opportunities. Every successful operation is not based on luck, but rather on a calm strategy and a steady mindset.
If you want to establish a foothold in the crypto world, you need to learn not only technical analysis but also emotional management. Engaging with the market with rationality will enable you to understand every battle.
If you’re feeling anxious in the current market or don’t know how to seize opportunities, feel free to contact @bit多多 . The pitfalls I’ve walked through and the strategies I’ve summarized might just help you avoid two years of detours.
