I haven’t made any money these days.
Today there was a big drop, I got numb from the fall. I bought Doge for 0.43 last night, invested over 10,000, now floating a loss of over 1,000.
On December 8th, I bought ACX for 0.9843, originally planned to sell at 2.9, but the market changed too quickly, and I sold everything at 0.9912, without making any profit.
On December 8th, I bought Pepe for 0.00002285, invested over 10,000, and sold at 0.0000272. I made 2,000, bought some Dogecoin but only made a little over 100 because it didn’t rise. At night the market improved, I bought again at 0.43, but when I woke up in the morning, there was a big drop, and I'm floating a loss of over 1,000.
Yesterday, a fan saw that I bought ACX and also bought ACX with me. He told me that I sold it yesterday, I don’t know if he sold it.
Once again, dear friends, please do not buy coins with me, you will lose money. Do not buy, definitely do not buy. Following others will definitely lead to losses; buying coins must be understood by yourself, don't buy if you don't understand. Don't buy if you don't understand.
If you comply with this principle, you won't lose a lot of money. The principle I just set may change within two hours. The market changes too quickly.
When it rises, I naturally won’t sell; once it doesn’t rise, I will sell immediately. For the altcoins I bought, as soon as I see a hint of decline, I sell right away. If I sell at a loss, it doesn’t matter, but don’t lose money.
I no longer believe in what 10 times or 100 times. Now I think earning three times is equivalent to the previous round's 10 times; now’s 10 times is equivalent to the previous round’s 30 times.
I now find it very difficult to sell USDT; it's not even inverted. Under normal market conditions, the price of USDT should be greater than the price of USD, but now it is lower than the price of USD.
This shows that the market is not active at all; there are no players from the Eastern world rushing in to play. It's all relying on the strength of the Western world.
The root of the difficulty in making money in altcoins lies here; when it rises, it happens unexpectedly, suddenly rising by 50%. By the time you buy, it’s already at the peak, and the growth is limited; encountering a big drop can drop by 20%.
Then you have to endure, endure until you break even and then sell. If it continues to rise, you hold it a bit, rises 30%, and then drops 20%.
Unless it goes up in one breath, or you are determined to hold it to the end. I observed that the coins that earn many times by holding to the end are also very few.
The runes bought by my friend.
If Doge made three times, if I were to earn three times, I would have sold long ago. A friend said I must wait until next year to sell.
In my eyes, there is no time, only the market. If the market is not right, I will sell immediately. This time I can earn three times, next time I will summarize the experience of earning three times, that's what I think.
Earning 10 times or 20 times is too difficult. There is only one possibility, and that is for new coins; you buy at the bottom, and within a week, it goes directly to a big exchange, and then it will take you flying.
For the new coins listed on Binance, earning 10 times is very difficult; recently, new coins on Binance can easily earn 30-50%, it's basically possible to earn.
Move is money beyond cognition, directly coming in with a market value of 7 billion dollars, I can’t understand it, I dare not buy.