From entering the cryptocurrency world with 5 to making 10 million, then to being 8 million in debt, then to making 20 million, and now achieving financial freedom mainly by mastering contract skills. Trading contracts in the cryptocurrency world is like playing with your heartbeat, thrilling and more exciting than riding a roller coaster.
Today, I will share a summary of my years of trading experience for free, hoping it can help everyone!
As a newbie in the cryptocurrency world, there are a few points to note:
1. In a bull market, the hotter the coin, the faster and more severely it drops.
2. Truly promising coins, the hundredfold coins, will not be promoted or shouted about in the market; in fact, very few people will occasionally mention them in the early stages (when traffic is low).
3. Market capitalization, number of exchanges listed, number of holders, and investment institutions are not the only references for choosing coins.
4. The market is always changing in a smooth curve.
5. There will always be people who kill the market watch.
6. The methods of pumping altcoins are consistent; the dumping lasts longer, while the pumping happens in an instant.
7. New coins that drop directly by half upon arrival should not be touched.
8. Similarly, there will always be people who kill chasing the rise.
9. Buying leads to a drop, selling leads to a rise, just like societal rules and systems that you cannot change.
10. Buying does not drop but instead rises, and after a profit of 5%-20%, it suddenly starts to fall back, indicating that this coin is starting to harvest retail investors.
11. The most intense rebounds are definitely not from promising coins.
12. In a bull market, betting on rebounds means choosing coins with large increases and current hot spots.
13. Holding a position contrary to the majority opinion often leads to independent market performance.
14. In a bull market, coins that follow Bitcoin's rise and fall, and have significant fluctuations, must be the biggest potential coins in this round of bull market.
15. In a bull market, some potential coins perform mediocrely in the first half and will start to rise in the second half.
16. In a bull market, coins that can consolidate for a few months after a tenfold increase must be potential coins.
17. In a bull market, coins that can consolidate for a few months after a rise of less than three times must be meme coins, and they must start and fall from 100 times.