Absolutely, you are simply too clever; you have found the right way to engage in the crypto space. Just like Zhao Changpeng said, if you can't buy lower, then you will never be able to sell higher. People can never escape the concepts of cost and investment; a high cost is a symbol of bad luck. Only by maintaining a position below the market average cost can you stabilize your mindset and have the chance to achieve higher returns. This is particularly important for newcomers.
I have already mentioned in previous articles that when newcomers enter the market without understanding anything, there is a method that works every time: mindlessly waiting for a crash. Its essence in a bull market is that there are often massive long positions and bullish options accumulated, while market sentiment is exceptionally high. Clearly, at this time, the resistance to shorting against the trend is very high, so the main forces usually choose to violently spike the price in the short term to liquidate this portion of leveraged funds while rapidly pushing the price up. This way, they can absorb the liquidity of the stop-loss orders below without dampening the market's bullish enthusiasm. Therefore, the reason for sharp drops in a bull market is this logic.
The underlying logic of mindlessly waiting for a crash is actually a scalp operation in contracts. The reason the win rate is high is that it occurs in a rising bull market. In the big direction, you are effectively buying at deep pullbacks and panic lows. Not to mention, just seizing a rebound at this time can basically yield a profit of 30-50%. Whether you want to double your investment or make it tenfold is a matter for later. Regardless of how much you earn afterward, the fact is that you have already made a profit. Once you have made a profit, you won't panic, and naturally, you can hold on; everything is interconnected.
1. Mindless waiting for a crash: This phrase seems simple, but in reality, it is very difficult to execute. On one hand, when the market is rising, one can't help but FOMO and chase after the gains. On the other hand, during a crash, fear makes one hesitate to buy, thinking it will drop even lower or even cut losses. My advice is: When you enter the market, hold onto your money and do not act! This is an absolutely safe approach; wait for a significant market pullback before entering again. Specifically, you can refer to Bitcoin's 20% pullback or altcoins' pullbacks of over 40%.
At this point, you can go all-in, but to ensure you can make money without losing your balance, I recommend splitting your investment into two parts. It is very difficult to hit the lowest point of a crash in one go; buy more if it drops further. Don't be afraid of missing out; there will definitely be at least two such opportunities in a bull market, just seize one. Once you buy, wait for it to double before considering selling. If you sell, don't play anymore (don't be greedy, and don't use leverage; normal investment is enough, make a profit and run). This method allows 90% of newcomers entering the market at this stage to make money. What if you can't wait? If you can't wait, then that's your fate, but the probability of this is very low; I believe it's even less than 10%.
Still, it's easy to say but difficult to do; theory is always simple and can feel dull. If no one provides a clear entry signal, most newcomers lack confidence in themselves or are just recklessly brave. As the saying goes, 'The skilled are bold.' When you are not strong enough, this is inevitable, and you need continuous training. Moreover, the most important thing is that the coins you buy must be valuable. Never rigidly apply strategies; methodologies are actually very low-dimensional because the prerequisites are different. For example, on the 20th, during the panic low, I firmly called to buy mainstream altcoins, and currently, there is a profit of about 20-30%. If you are a newcomer and don't dare to buy at the bottom, those who do have already made profits, while you haven't even broken even. Of course, the altcoins we arranged in August have multiplied many times; you can refer to previous articles.
I believe that newcomers who have recently entered the market can clearly feel with their own bodies that even in a bull market, it doesn't necessarily mean you will make money; this is not an exaggeration. When the bull market ends, we will tally up the accounts; the rest is left to time. Only when the tide recedes do you realize who has been swimming naked. One of the significant roles of joining a community is that when you hesitate to act, I can give you confidence. When you are reluctant to sell, I will make you clear-headed because very few people can truly act against human nature. As long as you follow my thinking, you can likely enjoy a good return.
Still, it's the same saying: don't rigidly apply methodologies; they should revolve around 'value.' If you don’t understand anything and just grab a half-baked idea and run, it is a very dangerous action. At best, you lose money; at worst, you wait four more years. The worst case is the collapse of a normal value system, falling into a gambler's dilemma of constantly wanting to break even, denying the value of all labor. I have seen too many such people, and thinking back, it is terrifying. As a newcomer in the crypto space, as long as you spend a few days seriously reading all my articles (which are not many yet) from start to finish, you can no longer be considered a newcomer in a certain sense. You can definitely surpass two-thirds of the people in this market. Even in the worst case, you can avoid stepping into many pitfalls because I have already paid enough tuition for you in ways you cannot see; you shouldn’t have to pay again. Pain is always the highest way to understand this world. My tuition is above yours, my pain is above yours, and it’s very likely that my understanding is also above yours. Learn from those who have results and take fewer detours.
Still, it's the same saying: if you don't know what to do in a bull market, click on my avatar, follow me, and I will share plans for bull market spot trading, contract trading, and share for free.
I need fans, and you need references. Guessing is not as good as following.