In the cryptocurrency world, one day is like a year in the human world. This statement is by no means an exaggeration. Many people want to board this fast train, but risks and benefits coexist.
The instructor often receives messages from fans in the background, asking what to do if this cryptocurrency drops today and whether to sell that cryptocurrency tomorrow. I sense a panic and confusion when facing the unpredictable nature of the cryptocurrency world.
Today, the instructor has compiled ninety-nine essential phrases from three perspectives: information, technology, and mindset. They are very suitable for newcomers in the cryptocurrency world who feel lost.
1. Message Section
1. You must find ways to collect first-hand information in order to win. Analyzing major consulting media in the industry is particularly important.
2. Most media are business agents for large players and also investment advisors for inexperienced investors.
3. Mastering the characteristics of different industries is the key to profit opportunities.
4. Specializing in buying against expert opinions can sometimes be a unique speculative method!
5. Before investing, one must prepare diligently, covering financial knowledge and political dynamics at home and abroad; detailed analysis of the team and practical application is key.
6. Buy or sell when news is released, and buy or sell when the news is confirmed.
7. You must research and judge the market yourself; do not change your determination based on unverified rumors.
8. A problematic team means the product will definitely have issues; it's better to act cautiously.
9. Any direct investment is a professional investment, and professional investments require a foundation of expertise.
10. Those who claim to predict accurately are most often losers.
11. Inaccurate information leads to loss; the most futile effort is trying to guess the psychology of large players and traders.
12. When purchasing, understand the relationship between the profit potential of the issuer and the current market.
13. This circle is small, but that doesn’t mean there’s no circle; knowing a few big players is very helpful.
14. Don't let sudden news change your initial intention to buy or sell.
15. Good news leads to bad news, and bad news leads to good news.
16. Institutions operate with secret codes; for example, an order '232323' may indicate that they are about to sell; each institution is different, so research is still necessary.
17. Don't join small secret circles; if you do, just bring your ears and brain.
18. If the white paper lacks specific content and a research and development team, the probability of it being a scam coin is over 80%.
19. Whether a project is open source is crucial; generally, open-source projects will be uploaded to GitHub; if not, everyone needs to be cautious.
II. Technical Section
20. Following the right coin means you've succeeded halfway.
21. The tricks of large players are often unexpected, deceiving inexperienced investors to facilitate their own buying and selling. You must accurately analyze trading volume patterns.
22. The timing of buying is the most crucial part of virtual currency investment.
23. A pullback exceeding one-third is a warning bell.
24. The three-step rise: bottoming out — breaking through — soaring!
25. If the index updates continuously for three days, but the trading volume decreases each time, the market outlook may not be good.
26. Long-term leading increases will inevitably be followed by significant declines; a drop exceeding 50% has a high probability of a rebound of 30%.
27. Small and medium investors being trapped by large players is a common occurrence, so diversification is essential.
28. The rise and fall of the index is not random; it is much simpler than the rules of gambling; appropriate analysis is crucial!
29. Whatever leads to an upward trend will lead to a downward trend in the broader market.
30. Avoid excessive conversion in trading; when hesitating, do not act impulsively; maintain stability amidst change.
31. A surge in trading volume with unchanged prices is a signal of nearing a peak; at this time, 'exiting is the best strategy.'
32. The longer it hovers at a low price level, the greater the upward potential; a rise of 30% has a probability of over 70%.
33. To judge growth or decline, one must look at the gap with the trend of the times; policy is the biggest risk, which is still necessary.
34. Trading volume is the pulse; it indicates whether something is sick.
35. Choosing a good time to buy is more important than choosing what to buy; knowing how to sell is hundreds of times stronger than knowing how to buy.
36. Don't put all your financial resources into one thing.
37. Avoid thinking low prices mean large spaces for speculation; once a reversal occurs, it becomes difficult to sell, and the drop can be exponential.
38. Buying items with slightly lower profit potential may be more cost-effective than those with slightly better profit ability.
39. Without considerable experience, never engage in long or short trading; it's common to end up bruised.
40. Determining long-term investment goals and principles is the primary issue.
41. Market fluctuations have traceable paths; if you master this path, you will undoubtedly win every battle.
42. The increase in price is gradually shrinking, and trading volume is decreasing; this is a clear sign of approaching the top.
43. Experience shows that the time the market experiences technical factors is generally shorter, about one-third of that of fundamental factors.
44. Preventing being trapped at high price levels is the most important lesson for new investors; thus, practicing at low levels is key.
45. If it should rise but doesn't, it should be viewed negatively; if it should fall but doesn't, it should be viewed positively.
46. Fundamental analysis can tell you which coins have intrinsic beauty, while technical analysis tells you the best time to mine them.
47. The funds in the market always flow in the most favorable direction.
48. Low-priced items tend to have larger fluctuations than high-priced ones.
49. Buy when you can, sell when you should, stop when you need to; safety first, stability is paramount; recklessness leads to loss, greed leads to poverty.
50. Short-term fluctuations in the market have no connection to long-term performance.
51. The 'Sunday theory' must be understood; many coins rise today.
52. Robots still need to be bought, after all, they react faster than human brains.
53. The same coin can have different price movements and waves on different exchanges, so choosing a good exchange is very necessary.
54. New coins are often the best choice for short-term trading.
55. It's best to allocate a combination of major coins and altcoins.
56. Major coins are relatively stable; altcoins are highly volatile, with more opportunities.
57. During rapid stretches, try not to operate.
58. It's best not to go all in; it's better to go half in or leave 1/3 of your chips to average down.
59. You must understand the operational situation of the team or foundation; if necessary, share it with someone you think is the most naive to hear their opinions.
60. Don't buy too many hot items, as they often rise quickly and fall just as fast.
61. Do not put all your resources into one type; try to diversify.
62. Trading volume can show the situation of changes; when trading volume starts to increase, it should be noted whether to sell or trade.
63. What you hold will eventually need to be sold; not selling means being a foolish investor.
64. The highest or lowest prices during market fluctuations often become the peak or trough; passing this threshold can lead to either a rocket or a waterfall.
65. Following trends is like fattening your wallet.
66. It's best to choose those with good prospects but not high heat for easier profits.
67. Experts usually formulate a plan, detailing each step clearly; the rest is strict execution according to requirements.
68. The basic routine of institutions: building positions, testing the market, raising prices, washing out, and selling are five stages.
69. Sudden volume spikes generally have two possibilities: one is the market maker protecting the price, and the other is institutions buying; at this time, you should follow the trend.
70. After every step up, there's usually a washout; getting off at this point may mean waiting a long time for the next bus.
71. Getting rich in the cryptocurrency world with 10 yuan is not impossible; luck is also key.
72. Encountering a major pullback is an opportunity to buy a little.
73. Don't overestimate the intelligence of big players; many actions are just showing off their limits.
74. Before making small profits, progress gradually and don't play with large funds.
75. Chasing high prices in coin buying is risky; beginners should treat this coin as if it doesn't exist.
76. Newbies should avoid chasing prices; it's better to miss out than to rush in.
77. Be cautious when participating in trading with too small a market cap, especially those trading on only one exchange.
78. Joining for free at the beginning and later requiring various types of fees is basically judged as a pyramid scheme; it is advisable not to join.
79. If it hasn't been listed yet and has already multiplied many times during the fundraising period, it's advisable not to participate.
80. Brick-moving is a relatively low-risk and easy money-making job.
III. Mindset Section
81. Small profits often delay big trends; do not be confused by small fluctuations in the larger direction.
82. The most trustworthy thing at any time is yourself; it's crucial to walk your own path.
83. When hesitating, one should stop acting; this indicates that the market is not yet clear.
84. Being one step ahead may ensure victory.
85. There is no such thing as only rising or only falling; opportunities always exist, the key is the psychological price, and there's no point in regretting it.
86. Strengthen your body to withstand the impact of large ups and downs.
87. Buying leads to being trapped, selling leads to rising; the secret is related to how traders operate, as they continuously study the psychology and behavior of investors.
88. Trading coins is trading numbers; never build a relationship with money; if you do, you will inevitably lose.
89. Market changes are very fast; fluctuations within 10 minutes are normal, and one's mindset must be balanced.
90. Can't withstand fear, can't gain much; courage, courage, still courage.
91. Patiently waiting for a high-quality coin to become a real star stock is the true mentality.
92. The desire to make money quickly is a major taboo for participants in cryptocurrency trading.
93. Remember that the power of compound interest is the greatest.
The definition of inexperienced investors is chasing prices and listening to rumors with an anxious mindset.
95. Listen less to recommendations and think more.
96. Do not estimate the market using your financial resources; do not let your profits or losses affect your determination; in this field, what you hold is all meaningless.
97. You may be very impressive in business, but there's no necessary connection in the cryptocurrency circle.
98. Experience can cultivate inspiration, but inspiration cannot be entirely dependent on experience.
99. There is no free lunch; one must set a limit on losses they can bear.
Giving roses to others leaves a fragrance in your hand; thank you for your likes, follows, and shares! Wishing everyone financial freedom by 2025!
All of the above are summaries of my 10+ years of experience and techniques in cryptocurrency trading. They may not apply to everyone; each person needs to combine their own practice to use these summaries. As traders, the most frightening thing is not technical problems, but insufficient understanding, falling into trading traps without realizing it! There is no invincible trading system, only invincible users of trading systems! This is the truth; trading systems ultimately return to the individual!
I am Old Chen, having experienced multiple bull and bear cycles. I have rich market experience in various financial fields. Follow me here to penetrate the fog of information and discover the real market. Seize more wealth opportunities and discover truly valuable chances so you don't miss out and regret it!
The road of cryptocurrency is long and slow. If you are also a fellow traveler, you need to borrow strength to learn methods and techniques; people in the same boat can support each other; you can follow, like, and save to avoid getting lost!
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