I have been in the crypto world for 10 years. Initially, I suffered heavy losses; I have experienced ups and downs, but now I support my family with it.
Summarize 10 points of experience for everyone’s reference; achieving losses becomes difficult if these are followed.
1. Coins protected by market makers:
When the market crashes, if the coins in hand do not fall, it is highly likely that there are market makers protecting the price. These coins may have solid fundamentals or potential benefits, so hold on tightly, as there is great profit potential ahead.
2. Beginner’s guide to moving averages:
Beginners should pay more attention to macro information when buying and selling. For short-term trades, observe the 5-day moving average; hold if above it, exit if it breaks. For mid-term trades, focus on the 20-day moving average, operating similarly. Stick to a simple moving average strategy and act decisively.
3. Short-term adaptive strategies:
If a coin bought for short-term purposes remains inactive for three days, immediately switch. If the price drops after buying and incurs a 5% loss, decisively cut losses to use funds efficiently and avoid losses.
4. Timing for rebound after overselling:
If a coin has been halved from a high position and has declined for nine consecutive days, it may have hit rock bottom, and a rebound is imminent; decisively buy to catch the rebound.
5. Investment logic for leading coins:
Engaging in the crypto world requires chasing leading coins, which have strong momentum and resilience against declines. Don’t hesitate due to high prices or significant drops; buy when the upward trend is established and sell during reversals.
6. Balancing bottom fishing and trends:
Don’t be fixated on bottom fishing; a declining coin may have no bottom. Investments should follow trends, accurately grasping entry timing, as the probability of profit is high when entering an upward trend.
7. Building trading strategies:
In the crypto world, don’t be complacent after a single profit; continuous profitability is difficult. After each profit, review whether the strategy is effective or just luck, and build a strategy that suits you.
8. Application of empty position strategies:
When you are unsure about the market, keep funds safe as the top priority. Entering the crypto world is for stable asset appreciation, not for gambling-type investments; trading is about the success rate and profit-loss ratio.
9. Key points for investing in new coins:
New coins may rise in price due to market optimism and influx of funds, but they may lack fundamental support. A shift in market sentiment can lead to a rapid price drop when funds withdraw, so investments should be cautiously evaluated.
10. Consensus and wealth in the crypto world:
Digital currencies develop through consensus mechanisms, where participants gain wealth based on belief and effort, highlighting the power of consensus in the crypto world and its wealth creation potential.
If someone feels confused due to market fluctuations and doesn’t know how to deal with being in a losing position, or feels misled during operations, remember to keep learning.
Giving someone a rose leaves a lingering fragrance; thank you for your likes, follows, and shares! Wishing everyone achieves financial freedom soon!
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