🔥 Mastering the Right Methods in the Crypto World, No More Relying on Luck for Beginners
In the crypto world, the only secret to making quick money is actually very simple: learn to wait and capture the right trends.
My mentor when I first entered the industry was an 'invisible expert.' He spent eighty percent of his time patiently waiting and only twenty percent of the time taking action, but he often managed to catch several major market trends in just one year. Now, he doesn't trade frequently, doesn't feel anxious, and enjoys fishing and playing golf, living a very comfortable life.
He once said something that left a deep impression on me:
"Sometimes in life, giving your all doesn't guarantee results; truly letting go may bring new opportunities."
He used to be a retail investor himself, chasing prices and panicking, ultimately getting educated harshly by the market. But after some reflection and summarization, he found the true way to make money. Here are the 16 golden pieces of advice he passed on to me, for you all:
In a bull market, invest in altcoins; in a bear market, hoard BTC.
Volume at the bottom signals the start of a trend.
When an uptrend retraces to the moving average, that's a buying point.
Catching a few major trends a year is enough; don't trade frequently.
Control your position; never go all in.
Don't average down on junk coins; cutting losses is wise.
Use news as a reference but don't blindly gamble.
Don't touch coins you don't understand; focus on fields you're familiar with.
Market sentiment can easily deceive you; calm and rational thinking is key.
If many people are optimistic, the risk often arises.
Being in cash is also a strategy; wait for opportunities to act.
Don't follow the crowd to trade hot topics; they come quickly and leave just as fast.
Establish a trading system and strictly adhere to it.
Investment is a marathon; your mindset determines the outcome.
Invest with spare money; don't risk your living funds.
The greatest wisdom in the crypto world is not trading every day, but maintaining your mindset and controlling your actions.
Remember this: There will always be trends; money comes only once. As long as you keep the green mountains, you won't fear not having opportunities to make money!
