When I first started trading cryptocurrencies, I made about 24 million with a capital of 50,000. I never worked after graduating from college and have been playing in Kunming and Dali, not buying a house or a car. My monthly expenses are 3,500.
💰 How I made money:
1. With a capital of 50,000, I did projects in college, affiliate marketing, shua orders, delivery, filling APPs, and various small tasks, accumulating 50,000.
2. I entered the crypto space, thinking BTC was too expensive, so I focused on ETH, which has leverage, and then traded altcoins. I selected coins and managed my positions well. I followed this simple strategy consistently; when the market was bad, I took small losses, and when the market turned, I made significant profits.
⛅ Why enter the market?
To change my fate, I had to try the crypto space. If you can't make money in this circle, ordinary people will never have a chance in their lifetime.
💰 My trading mindset shared with everyone:
Everyone has different psychological expectations for the crypto space, so how to reasonably plan limited funds is very important, especially when buying coins!!! If you have two equal amounts of capital, one buys BTC with a profit of 30%, and the other buys ETH with a floating loss of 30%.
If you want to take action, what will you do? (A choice that will always be wrong)
A. Hold both
B. Sell BTC to cover ETH
C. Sell ETH to cover BTC
D. Liquidate both $BTC
According to probability theory, 80% of normal people would choose to sell Bitcoin to cover Ethereum $ETH .
They fear Bitcoin has risen too much and feel more comfortable cashing in; as Ethereum falls, the risk decreases, and they fantasize that selling BTC could save ETH, thinking both could make money $XRP .
In reality, the investment market often has a terrifying phenomenon where the strong get stronger and the weak get weaker: most people find that selling BTC will continue to rise, and the trapped ETH will keep falling. If they realize it's better to hold, at least one is in profit.
Relative to B. selling BTC to cover ETH, and C. selling ETH to cover BTC seems extremely counterintuitive, making most people feel very uncomfortable!
In fact, this outcome is often the best; this 'choice that will always be wrong' is a paradox that 80% of investors will face.
❤️ In terms of overall scoring, profits are C > A > D > B #加密市场反弹 .
If you are also a tech enthusiast and are deeply researching technical operations in the crypto space, you might want to follow the public WeChat account 'Sunny Days in the Crypto Circle,' where you can get the latest crypto news and trading skills.