Veteran in the crypto world, invested 80,000 yuan into crypto, now valued at 2.8 million. He once told me a phrase that enlightened me.
He said: "The crypto market is just a crowd of people; you just need to control your emotions, and this market is an ATM!
My experience is that to make money in crypto, there are several points:
1. Don’t make small profits and don’t take big losses.
These 8 simple characters are actually very hard to achieve. For example:
If you opened a position with 20,000 and it immediately rose to 21,000, you would be very happy, take profits, and made 5%, feeling great. But then the market kept rising to 25,000... you made 5% but missed out on 50%;
Then you tell yourself to make big money, this time you absolutely won’t take profits, and the market goes back to 20,000. You open another position, and it rises to 21,000 again. You remind yourself to learn from the last lesson, hold on to make big money, but then the market goes back to 20,000 and falls below to 19,500, and you stop-loss.
Many people spend their whole lives in this dilemma, constantly switching back and forth, never able to break free.
2. Only choose mainstream coins that have dropped significantly and are starting to slowly climb back. First, throw 10% of your position in as a base, don’t touch those flashy new coins. Don’t guess where the bottom is; just wait for it to stabilize before taking action. Being slow is fine, but being steady is better.
3. Wait until it confirms an upward trend, and then add 20%-30% during pullbacks.
Others always try to buy at the very bottom, but I don’t--once the trend is stable, I add to my position, even if it’s a bit expensive, it’s better than getting stuck halfway up.
4. Every time there is a rise, first take out the principal and half of the profits, let the rest do whatever it wants.
No matter how crazy the market gets, sell when it reaches the line you drew, never be greedy. Money in hand is real profit. This simple method helped a brother who lost over 600,000 last year to not only break even in half a year but also get an extra BMW X3.
I’m not bragging; the market doesn’t lack smart people, it lacks "dumb people" who can control their hands and endure. While everyone else is chasing highs and cutting losses, you follow the trend step by step and can actually pick up the money others drop.
Either continue to follow the "smart path" and lose, or follow my dumb method--stay steady, don’t be greedy, and earn every penny earnestly. $BNB #BNB创新高