The dumbest way to make money in cryptocurrency: Three things not to do, six must-kills, what the dealers fear the most is you learning this!
The secrets to getting rich in the crypto world are actually hidden in the dumbest methods.
Today's set of 'silly methods' is ridiculously simple, but whoever learns it will make money.
Three 'absolutely must not do' pitfalls:
1. Chasing highs and selling lows
90% of the retail traders die here. When the price is skyrocketing, they shout 'this time is different', only to be trapped at the peak, feeling the cold wind. The real tough guys only enter when blood is flowing in the market — when you are too scared to open the trading app, that is the time to buy the dip.
2. All in on a single coin
Putting all your assets on one bet is no different from a gambler. Keep 30% cash on hand so you can experience the thrill of 'others panic, I am greedy' when the market crashes.
3. Full position all-in
Opportunities are always more than money. Those fully invested are equivalent to being bound hand and foot, watching opportunities slip away. Position management is the protective talisman for masters' survival.
Six 'short-term killing techniques':
① Consolidation must change
High-level sideways? Beware of false breakouts. Low-level bottoming? Often there will be a knife after despair. Better not to move before confirming the direction.
② Sideways = death trap
80% of liquidations die during sideways periods. Those who are itching to place random orders, the grass on your grave is now three meters high.
③ Buy on dark candles, sell on bright candles
A terrifying big dark candle comes crashing down? Congratulations, opportunity has arrived! Reverse thinking is the way to go.
④ The principle of accelerated decline
Slow declines have gentle rebounds; fast declines have violent rebounds. A waterfall-like crash is a moment to make money.
⑤ Pyramid building position
In the bottom area, add 10% of the position every time it drops by 10%. The cost keeps getting lower, even the dealer will cry.
⑥ Change the position and clear out
Sideways after a surge? Withdraw the principal first, keep the profit flying. Sideways after a crash? Don’t be lucky, cut losses quickly!
The truth of the crypto world is simple: make fewer mistakes + execute steadily = make money.
What the dealers fear the most is you learning these 'dumb methods'.
Remember, a single tree cannot make a forest, a lone sail cannot sail far. A person rushing blindly will get lost sooner or later; only with a clear direction can one go far.
I have always been holding the lamp, waiting for you to board the ship.
