First of all, if you think that investing 100 yuan today will earn you 10,000 or 100,000 yuan tomorrow, then the crypto world may not be suitable for you.
The most realistic issue in crypto is that it might be the only opportunity for most ordinary people to achieve an extraordinary turnaround in life.
This is the opportunity granted to us by the times. Nowadays, almost all industries and tracks have been monopolized by capital giants, and the possibility for ordinary people to leverage technology and wisdom for greater wealth opportunities is minimal.
Therefore, choice is greater than effort.
If you are just going through the motions every day, it will only make you food-sufficient but won't make you rich. What we pursue is to leverage small funds for big opportunities, and the crypto world precisely provides such possibilities.
I personally believe that the crypto world is the last opportunity for ordinary people.
Friends who want to make money must seize this once-in-a-lifetime opportunity because it may be the only way for us to change our lives, and this opportunity may vanish in an instant.
The crypto world is full of opportunities for wealth, but there are also many traps, especially with many big players and fierce competition in the crypto world, stories of sudden wealth abound. For example, last year's incident where Binance took on FTX alone resulted in several high-level figures 'sacrificing', including a post-90s genius with curly hair.
Newbies, especially those who just entered the industry, are often easily misled by the turnaround stories on TV or apps, thinking they can also become the protagonist of the story, fantasizing about entering with 100 yuan and ultimately earning tens of thousands or even more.
However, reality is far more cruel than imagined. If you have ever moved bricks on a construction site, you will understand that these fantasies are completely delusional.
If you are an ordinary person wanting to get rich in crypto, the difficulty is very high. Even if you are 'Sun Wukong descending to the mortal world', you must stretch your neck to let the sickle cut you when you encounter it.
The character Gao Qiqiang in the movie (The Crazy Race) only exists in the TV drama; in reality, one must kneel when it's time to kneel. In my view, besides holding coins, other methods in the crypto world are misguided.
Ordinary people should save a pack of cigarettes each month, using spare money to hold coins; that is the right path. When you encounter people trading contracts, private placements, or short-term trading, tell them to leave directly. Besides holding coins, everything else is 'rogue behavior'.
How to hold coins in the crypto world?
If you are a newcomer, seek Bitcoin when you encounter big players.
Do not believe in those so-called 'hundred times coins' or 'ten thousand times coins', as these things may lead you to lose all your capital. Of course, if you want to develop in the crypto world for the long term, you can appropriately allocate some altcoins, but most of your funds should still be invested in Bitcoin.
How to choose altcoins, how to layout assets, when to open positions, and when to close positions are all questions that need careful consideration. If you have sufficient funds, you can diversify; if funds are limited, you must be more cautious.
In short, if ordinary people want to make money in the crypto world, holding coins is the most reliable way.
There is a friend who made over 20 million by holding coins and then came specifically to ask which coins to buy and how to invest. If you are a newbie, Bitcoin is your first choice.
Trust me, if you hold Bitcoin today, you won't have to worry about food and clothing tomorrow. If you want some excitement, you can allocate some altcoins, but Bitcoin must be the highest proportion because it can save you in critical moments.
Choosing altcoins is a test of experience and market acuity; if you can't do it, it's advised to give up.
When to sell coins?
Before discussing this issue, first ask yourself: Have you seen smoke rising from your family's ancestral grave? Have your ancestors ever been ministers or generals? If not, it indicates that you do not have the 'ancestor's blessing' to get rich in the crypto world.
You need to get rid of the fantasy of 'buying at the bottom and selling at the top'. If you can complete your position in a bear market, you can outperform 99% of people, provided that the coins you buy do not go to zero.
Buy in a bear market, sell in a bull market, and you can sell at any time. The most scientific method is to first buy 40% at a psychological price, then add positions on dips to lower costs.
Buy more when prices drop and buy less when they rise. When the bull market comes, sell in batches, first sell 40% at the psychological price, and then slowly sell the rest.
The seven iron rules of holding coins
Fixed investment, HODL for value: Fixed investment cannot be infinitely added. Many people like to gamble as soon as they get on board, especially during a crash. We must prohibit such gambling behavior. The market is not short of opportunities; what we need to do is maintain a long-term vision, cultivate our mindset, and dance with the market. Our goal is to become regular troops, not bandits or rogues. Remember, you are an investor, not a speculator.
Mindset first: Choose some coins based on your funds and mindset, buy and walk away, do not look back, do not think about bottom fishing, and do not check the market every day. The more you observe and learn, the more you can earn.
Perfect configuration: Do not put all your funds in one coin. Besides $BTC , other coins can be appropriately diversified. Choose the leaders in each field, such as AI, privacy, storage, etc., based on your preferences.
Return principal first after profit: Ensure that the principal is not lost. Do not hesitate when making profits, cash out in time.
HODL for value: There is no need to hold all coins that haven't appreciated; you can mix based on strength. But once you choose, do not hesitate or regret.
Do not chase highs and sell lows: If you can't help it, simply uninstall the software. The best mentality in trading is to buy and then walk away, patiently waiting.
Risk control: Maintain a sense of awe towards investments and operate cautiously. Do not borrow money to invest, as short-term profits are hard to achieve, and do not gamble wildly.
Finally, I wish everyone in the crypto world can get rich by 2025!
The article ends here, I will do more detailed analysis in the circle. If you want to join, follow me and leave a message, and I will reply to everyone in a timely manner!#BTC #美众议院通过FIT21法案
