I entered the cryptocurrency market in 2016 and have been trading for nearly ten years, and I have been teaching professionally for over six years! I collaborated with trading masters from four countries to develop a super software and indicators called Dreamer + the San San strategy! The San San strategy is also a complete trading system suitable for short, medium, and long-term trading, with buy and sell points that can be executed. I have come from stock, futures, and gold trading and found that the most interesting market is the cryptocurrency world! The charm of this market is not just its T+0 trading mechanism but more so the endless possibilities it offers! The primary gameplay focuses on mainstream spot trading, and after solidifying the foundation, engaging in derivatives trading is just icing on the cake! Start with small funds, control risks with low leverage, and ensure capital protection for manageable trading!
The real way to make money in the cryptocurrency world.
Those who can really make big money in the cryptocurrency world are not the ones who trade coins, but those who hoard coins.
The key is how many coins you hold, not the current market price fluctuations.
There are three basic elements for those who hold coins in the cryptocurrency world:
1. Hold coins using spare money for investment, not all-in. If the market does not meet expectations and you need money, you will have to painfully cut your losses.
2. Hold coins, have faith in their value, and learn more about the project founders' intentions, philosophical consensus, underlying technical strength, ecological construction, future value, etc.
3. Hold coins, maintain composure. In the face of future value, do not care about the temporary fluctuations in price; instead, care about how many coins you can hold when the future value is revealed.
2. Consensus:
How do consensus holders solidify?
Through countless ups and downs, all speculators have been eliminated, leaving only consensus holders!
Bitcoin was initially worthless; after 10 years of countless ups and downs, it eliminated speculators and non-believers, ultimately solidifying a huge consensus and thus becoming valuable!
Ethereum was initially worthless; after five years of countless ups and downs, it kicked out speculators and solidified consensus, thus becoming valuable!
Essential elements for playing with coins:
1. Do not be overly enthusiastic during rises, do not be overly anxious during falls;
2. Do not complain, do not get entangled;
3. Big picture, good mindset;
4. Do not chase highs, do not sell low;
5. Buy on dips, hold onto your coins;
6. Maintain a compound interest mindset;
7. When the bull market comes, the returns will follow;
8. Spread more, increase value;
In the blockchain cryptocurrency world, if you want to turn things around, do not focus on temporary gains and losses. The blockchain industry is like a river that washes away sand; if you want to make big money, do not get off the boat. To increase the value of your holdings, you can only keep learning! Consensus + belief = the value of your holdings!
How to better hoard coins?
People in the cryptocurrency world can be roughly divided into two types: those who enter and exit quickly during market fluctuations; and those who are long-term holders of Bitcoin, the Zen-like hoarders.
Compared to the group of people who chase highs and sell lows every day, those who hoard coins are a niche existence in the cryptocurrency world.
They ignore market noise and focus on real long-term value. Regardless of market ups and downs, they firmly hold on and continuously accumulate their hoarded coins. Compared to price fluctuations, they value the increase in quantity more. They are the true 'basis' mentioned by the previous group of Bitcoin holders. If they have held for three to five years until now, they generally have considerable wealth. In a world where cryptocurrency price fluctuations are so high and external temptations are so numerous, they can remain steadfast not purely by luck, but due to their deep understanding of Bitcoin and mature investment philosophy. Their wealth is well-deserved.
So how can we better hoard coins? As a senior hoarder, let me briefly explain the thoughts we generally have before hoarding coins.
Carefully choose the right type of coins; this is of utmost importance. It is like a running race; you can only persist if you choose the right direction.
The cryptocurrency market has a vast number of tokens, often overwhelming, making it hard to make decisions. However, through our long-term research and investigation, we found that there are very few cryptocurrencies truly suitable for hoarding. It cannot be said that only Bitcoin is suitable for hoarding, but I estimate that there may be only 2-3 types of coins that are appropriate. If we broaden the criteria, it may be around 3-5, so the key question is whether you have the ability to identify these 3-5 types from thousands of tokens.
If what you are hoarding is correct, then time is your friend. As time goes on, your wealth will slowly ferment, prices will gradually rise, and you will experience the feeling of slowly becoming rich, the power of compound interest, and the beauty of growth.
However, if the coins you are hoarding are wrong, then this will be the beginning of a nightmare. The longer you hold onto them, the greater the loss. You will not only fail to generate wealth, but your existing wealth will also diminish, and you will have to put in a lot of effort and endure great suffering. Furthermore, after this situation ends, you will experience intense self-doubt.
2. Hoarding cannot be regarded as the only source of income!
Hoarding coins is not a one-time process. Most people do not hoard coins because they suddenly have a sum of money and find the market timing very good, so they buy a lot and then ignore it. For many people, hoarding is a long process, possibly through continuous dollar-cost averaging during a downward phase or while prices are in a certain range. Thus, for these individuals, their hoarding is a long process, which requires you to have other sources of income, or in professional terms, a continuous cash flow.
Can you ensure a continuous cash flow? This is the key to whether you can truly settle down to hoard coins. If you have other things to do besides hoarding coins and you have a continuous cash flow, then the impact of hoarding coins on your quality of life is not that significant. When there are severe price fluctuations, you can remain calm. However, if hoarding is the only thing you are doing and you have invested a large amount of capital into it without other sources of income or cash flow, then hoarding will take up a very large portion of your life, and any price changes may significantly affect your mood.
Never simply hoard coins. When hoarding becomes the only thing you're doing, the process of hoarding is no longer so wonderful. Because that is where all your hope lies, you will always struggle to control your inner self, and you will find yourself wanting to check the price from time to time. Each glance at the price triggers your brain; maybe you can control it once or twice, but after too many looks, the stimulation increases, and once it crosses the threshold of stimulus action, your brain will unconsciously want to take some action.
To solve this problem, generally, there are a few specific auxiliary methods: 'Delete all market tracking software related to cryptocurrencies, do not bookmark exchange websites, do not save all accounts and passwords, and put Google verification on another phone that is usually not used and turned off. This way, even if you suddenly want to check the market, you will need to redownload the app or open the website, re-enter your account and password, and then recharge and turn the phone on again to enter Google 2-step verification, which makes it very troublesome. This hassle will reduce the number of times you check the market.
Although not all cryptocurrencies have a Staking mechanism, for those that do, whether to participate in Staking while we hold coins is also a question that needs to be considered.
3. Should we participate in Staking?
Although I have always been skeptical about the Staking model, I believe that the inflation model of Staking ensures that the project does not have long-term investment value; its locking model exchanges the losses of most people for the gains of a few!
However, there are indeed many cryptocurrencies with a Staking mechanism, which is a reality. If you truly plan to hold coins long-term, without intending to do swing trading or cash out during a bull market, then letting them sit without participating in Staking seems a bit wasteful. In this case, I think participation is acceptable. However, it must be ensured that such Staking is done in your wallet, not on an exchange, meaning you must hold the private keys yourself to eliminate the risk of centralized institutions like exchanges running away. Do not participate in Staking where the private keys are not in your hands; there is no need to lose big for small gains.
4. Do not stop researching this cryptocurrency.
Even if you have hoarded a large number of coins, generally speaking, the important considerations are completed before the investment; the next step is just to wait. However, I also advise not to stop researching this coin.
Everyone's understanding is constantly improving, and it takes a long time of refinement and practice to truly mature. Moreover, all coins face market competition. Since even a strong coin like Bitcoin faces competition from BCH, BSV, and other cryptocurrencies, the coin you are hoarding also faces changing competition and development. The fundamentals may gradually change, especially in such an early stage of the industry where most cryptocurrencies do not have a clear moat. This ongoing attention is crucial.
Moreover, I strongly suggest that when hoarding coins, you document all your thoughts and strategies regarding the coins in writing, just like ahr999 wrote (Hoarding Bitcoin). This way, on one hand, you can enlighten others who may have similar positive views on this cryptocurrency and might also want to hoard it. Your writings can provide them with great inspiration, and you can connect with many peers and receive valuable feedback. More importantly, you can clarify your thinking during the writing process, and when you look back later, especially when you experience fluctuations in confidence while hoarding, you can revisit your original intentions and see if the logic of your hoarding has changed and if the fundamentals have changed. All of this is very important.
5. Participate in project entrepreneurship.
If you have the capacity beyond hoarding coins and possess a strong entrepreneurial spirit, I strongly recommend that you engage more deeply in blockchain entrepreneurship.
Looking around, the current main entrepreneurs in the blockchain industry are basically old participants and hoarders who have deep insights into blockchain and cryptocurrencies, and hoarding has brought them a great deal of wealth.
If you are willing to create more value for society beyond wealth, you can participate in blockchain entrepreneurship and industry development, such as previously starting an exchange, creating a wallet, setting up a mining farm, or launching a public chain. There will be many opportunities in the blockchain industry in the future. After all, entrepreneurship is the source of vitality for the entire industry's development, the fundamental drive that propels the whole industry forward. By using blockchain as a base, hoarding coins and entrepreneurship can go hand in hand, which is a very good combination. Additionally, you can gain more influence, value, and a sense of achievement beyond wealth, and your understanding of this cryptocurrency will also deepen further through entrepreneurship.
[Cryptocurrency Newbie Guide] Several Must-See Indicators to Improve Trading Win Rate
Knowing is not difficult; acting is not easy. For investments in the secondary market, everyone knows not to be greedy and not to chase highs and sell lows, but how many people can truly control their hands to achieve unity of knowledge and action? In the Tao Te Ching, Laozi mentions the Dao, Fa, and Shu. Dao refers to rules, natural laws, and core concepts; Fa refers to methods, legal principles, and systems; and Shu refers to behavior and operational methods. The combination of Dao, Fa, and Shu is regarded as an important principle and guideline for guiding people's lives and social development.
For the secondary market, we can also divide investments into Dao, Fa, and Shu, all of which are indispensable.
Dao: Represents investment philosophy and beliefs, including the direction, goals, and values of investments. It includes analysis of long-term market trends, macro conditions, and fundamentals.
Fa: Represents investment rules and regulations, including investment strategies, risk management, and asset allocation.
Shu: Represents technical analysis, quantitative analysis, and trading psychology in investing.
Today, this report will focus on the 'Shu' of trading, aiming to share the application of technical indicators and technical analysis in practice. For the vast majority of people, there is no need to learn many obscure technical indicators because they are all lagging and cannot generate direct profits. This report will share commonly used technical indicator methods to help more people understand the significance of technical analysis.
