What's the dumbest way to make money in cryptocurrency?
Three don'ts, six must-haves, so foolish that even the market makers are afraid
Don't bother with those flashy indicators; those who survive in the crypto world basically rely on this set
Three don'ts:
First, don't chase highs and sell lows
When the coin price soars, those shouting 'this time is different' end up stuck at the peak, feeling the cold wind
The real tough ones make their move when everyone is shouting collapse and no one wants to open the app
Second, don't go all in on a single coin
Keep 30% in cash; during a crash, you'll know where the joy lies
Third, don't fully invest
Opportunities are always more abundant than money; those fully invested are just bound hunters, watching the meat fly away
Six must-haves:
Sideways at a high point? Wait to get trapped by a fake breakout
Grinding at a low point? Beware of a sudden drop. Until a trend change is confirmed, your hands are worth more than your life
Sideways is the most dangerous; 80% of liquidations happen during this time
Those who can't resist itching their hands, the grass on their graves is already three meters high
Buy on a bearish candle, sell on a bullish candle; going against the trend is the way to go
Scary big bearish candles? That's a signal for giving away money
Slow declines, gentle rebounds; sharp declines, explosive rebounds
Prepare the bags for waterfall-style crashes
Pyramid adding positions, add 10% of your position for every 10% drop at the bottom, you can push the cost down to make the market maker want to cry
For explosive rises, withdraw the principal first and leave the profit; during explosive drops, don’t be complacent; cutting losses should be faster than Bruce Lee's punch
This set of methods isn't cool or flashy, but it can save your life and make you money
What market makers fear the most is not geniuses, but those who can stubbornly stick to 'dumb methods' until the end
Have you learned it yet?