A word from a 42 million veteran has awakened countless people in the cryptocurrency world!
I know a senior who has been struggling in the cryptocurrency circle for many years.
Back then, he only entered the market with 100,000, and now his account is worth 42 million.
He once told me something that made me realize a lot:
In the cryptocurrency world, it ultimately comes down to being an emotional market. If you can control your emotions, it becomes a cash machine.
In his view, if you want to really make money, it actually relies on four simple methods:
First, don’t be greedy for small profits, and don’t lose big money.
Most people can’t do it. They take a small profit when they can’t hold on to the market, only to miss out on a big bull market; next time they stubbornly hold on, only to get trapped and have to cut losses. Back and forth, they remain stuck in place for life.
Second, only buy mainstream coins that have dropped significantly and are starting to rise.
Don’t touch flashy new coins; first build a base position with 10% of your capital, don’t gamble on the bottom, just wait for stability. It’s simple, but stable.
Third, after the trend is clear, add 20%-30% on the pullback.
Don’t rely on luck to catch the bottom; add to your position when the market rises. It’s better to buy high than to get stuck.
Fourth, in every wave of the market, first take back the principal and half of the profit.
Let the remaining position fluctuate; sell when it reaches the target line. Taking profits is real profit.
Relying on these four 'silly methods', last year he helped a friend who lost 600,000 not only recover his losses in six months but also casually bought a BMW X3.
In the end, there are too many smart people in the cryptocurrency world; what is truly lacking are the 'foolish' people who can endure and remain stable.
When others are chasing highs and cutting losses, you calmly eat meat with the trend, picking up the money they frantically leave behind.
