If you're interested in cryptocurrencies but don't know where to start, this article is for you. The crypto world is full of opportunities but also fraught with traps. As a newcomer, blindly rushing in can easily make you a harvested 'chive'.
Six simple steps to help you profit steadily.
After ten years in cryptocurrency trading, I have experienced three years of hardships, but I have also reaped the benefits for seven years. This investment has now become my means of supporting my family. Throughout this journey, I have discovered six simple yet super practical tips, especially suitable for beginners to listen to.
Article 1: Focus on strong coins. When trading cryptocurrencies, we should keep our eyes on those coins that are performing well. If you're uncertain, look at the 60-day moving average: if the line is above, we enter the market or buy more; if the line is below, we withdraw quickly. This tactic is quite effective and works most of the time.
Article 2: Never chase highs. If a coin suddenly rises more than 50%, don't rush to jump in; it's easy to panic at that moment. On the contrary, buying at a low price is safer, with less risk and greater future profit opportunities.
Article 3: Learn to recognize bullish signals. Before a big rise, prices often fluctuate within a small range, around 10% to 20%, and the trading volume is not large. At this point, you can try to buy slowly at a low price, and you might just catch the fast train of the upward trend.
Article 4: Keep up with new hotspots. When new hotspots appear in the market, they are bound to be particularly popular in the first few days. At this time, if you follow those big money bags, you can generally earn easily.
Article 5: Stay calm when a bear market arrives. If a bear market comes, you must stay steady; it's best not to make any reckless moves for at least six months. When the market is bad, trade less and rest more; this is the hallmark of a skilled trader.
Article 6: Regularly review and adjust strategies. Every week, take a moment to reflect on your operations; don't just focus on how much money you've made, it's important to assess whether your strategy is correct. If it's right, stick to it; if not, make changes. After a few months, your trading strategy will definitely become more reliable.
Conclusion: What is the essence of making money in the cryptocurrency world?
Indeed, some people become rich in the crypto world, but many more lose money and leave. The true winners are often those who:
1. Be patient (able to endure a bear market); 2. Have discipline (don’t trade blindly); 3. Keep learning (not swayed by market emotions).
If you just want to gamble, the crypto world will likely disappoint you. But if you're willing to spend time researching and invest spare money, the crypto world may be one of the best opportunities for ordinary people to achieve wealth growth.
Follow Dong Ge closely, use precise strategy analysis, and select with million-dollar AI big data to make yourself invincible? The market never lacks opportunities; the question is whether you can seize them. By following experienced and the right people, we can earn more!
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