Delivering food to save 30,000 and enter the crypto world, after 6 years I made it to 6 million! My six life-saving experiences
I am Mig, coming from a rural area in Guangdong. Over these years, I have truly struggled and paid countless 'tuition fees' to finally roll that 30,000 into 6 million.
Today, no fluff, I will share with you six life-saving experiences that I exchanged for real gold and silver. Understanding just one of them might help you avoid a 100,000 pitfall!
1. Don't panic sell during a surge, stay calm during a downtrend!
If the price skyrockets and then slowly drifts down, it's mostly big players trying to scare people and shake out the weak retail investors.
2. Don't get itchy hands during a crash; weak rebounds are traps!
If the price crashes and then rebounds weakly, resist the urge to bottom fish! This is likely the main players secretly offloading; the final fake rebound is just to trap those who think they can pick up cheap!
3. If there’s volume at a high level, it can still surge; if volume shrinks, it's time to run!
If the price reaches the peak but the trading volume is still lively or even larger, it indicates that there are still 'buyers' rushing in, and it might bounce one more time.
4. Don’t get excited by volume at the bottom; sustained volume is the real signal!
A true bottom signal is: first a contraction in volume followed by several consecutive days of increasing volume, with the price steadily climbing—this is likely big funds quietly building positions.
5. Trading crypto is all about mindset; trading volume is more critical than price!
Volume hides everyone's greed and fear. Price fluctuations are just results. When market sentiment is overly euphoric, a correction is imminent; when sentiment is freezing cold, opportunities may be just around the corner.
6. The highest state is 'equanimity': neither greedy, fearful, nor stubborn!
Not stubborn: Don’t be rigid, insisting on a bullish or bearish view. If you need to stay in cash and rest, then do it!
Not greedy: Don’t chase after skyrocketing coins because of envy; don’t dream of getting rich overnight. Money is earned steadily over time!
Not afraid: Have the courage to pick good items when the market is in despair and prices are crashing; also have the courage to calmly sell and secure profits when everyone is frantically chasing highs.
Heartfelt words:
Opportunities in the market are always there, but most people lose money not because of poor skills, but because their mindset collapses! I have made mistakes and learned through this journey.
Follow Mig, and together let’s avoid pitfalls and earn more in the crypto world, steadily moving forward!