Do you also dream of making your first million in the crypto world? Don't worry, this article will reveal in detail the four major wealth secrets that those crypto bigwigs keep to themselves! As long as you master these core points, you too can stand out from the crowd and embark on a journey of wealth doubling! Below are the detailed breakdowns of the four key contents, guiding you step by step towards success:
1. Understand the 'Consensus Cycle'
What is the consensus cycle? This is the core rhythm of the crypto world, mainly centered around Bitcoin halving events. The halving that occurs once every four years will reduce the supply of new Bitcoins, which historically often leads to a price surge.
Where is the wealth secret? Learn to analyze market sentiment before and after the halving, buy at the low before the bull market kicks off, and decisively exit at the high.
2. Compound Interest Snowball
Core idea: Don't just focus on short-term profits; compound interest is the ultimate secret to wealth growth. Reinvest every profit, and time will make your funds grow larger like a snowball.
3. Long-Term Trend is King
Why long-term? Short-term trading may seem exciting, but 80% of people end up being taken advantage of. True experts make money based on trends; long-term positioning is the way to go.
4. Cryptocurrency Selection and Pitfall Avoidance Guide
Avoid traps: Old coins (like the once-popular altcoins) often lack innovation and have limited growth potential; coins with unlimited issuance are merely tools for raising funds and may drop to zero at any time.
