This is because downturns in the cryptocurrency market are very slow. The specific situation might be like this: you bought for 1 million, it rises to 3 million, then falls to 2.7 million. You don’t want to sell, thinking of the 3 million, but it rebounds to 2.8 million, and then continues to drop to 2.5 million. You think of selling at 2.8 million, but it goes straight to 2 million, so you decide not to sell. Finally, 2 million turns into 1 million, and then it rises to 1.5 million, and you can only pretend not to see it. 1 million becomes 500,000, then back to 700,000, and you feel helpless, thinking it’s better to just let it be. Throughout this process, with each rebound, you hope to return to the original price, but the market is no longer what it used to be.
Why doesn’t the market drop quickly? This is because if the major players unload all at once, they won't get a good price. Their volumes are too large, so they can only sell slowly, using each rebound and various positive news to unload.
Disastrous market conditions are actually caused by chain reactions, and such opportunities are money-collecting chances. After a sharp decline, it won't be long before there’s a rebound, and many brave people will take a gamble on emotional money.
Therefore, falling prices can be very torturous, especially for altcoins. If there’s a panic sell-off, you might really be scared into cutting losses, but in fact, it rarely drops rapidly; it’s usually up and down.
Prices go up and down like this: for example, if the price is 10, and after half a year it suddenly becomes 1, that’s a 90% drop. Throughout this process, it feels like something is blocking your view, and you have no idea.
In fact, you just haven't gone through deliberate training, and your perception of the downward price trend is not obvious. This is the fundamental reason why newcomers can't make money in the first cycle.
The market operates according to human nature; in fact, it’s all about human nature. People desire rapid increases, so the market will inadvertently rise rapidly. People desire slower declines, wanting a rebound, so it declines slowly.
But those who see through human nature are calm in the face of rapid price increases and cautious when facing slow declines; they leave as soon as there’s a sign of trouble.
Those left behind are just people waiting to take over, and they still hope their next altcoin can rise again, but in fact, that is no longer possible.
The market has already completed a wealth transfer through a wave of market movements. And this process is very quiet. Only those who have undergone deliberate training can feel it and earn bubble money from it.
I’m done writing, keep it up! I am a cryptocurrency market ‘masseur’, an old player focused on arbitrage and holding coins.
If you are a beginner looking to delve deep into the cryptocurrency world and want to get started quickly, you can comment ‘168’.
I sincerely suggest everyone learn about the cryptocurrency world; its value far exceeds simple cryptocurrency gains, it enhances our cognitive abilities. Whether you are directly engaged in the cryptocurrency industry or not, exploring this field can help broaden your horizons, promote wealth growth, and bring positive impact to your life.
Directly speak about trading tricks.
Six don't enter, four don't sell:
Six don't enter:
1. Don't touch coins that have been falling continuously and haven't stabilized at the 60-day moving average. Follow the trend; for coins that keep falling, let's wait and see until they turn around.
2. Don’t buy coins that have risen and then come with good news. When good news arrives, it’s often a signal to sell. For coins that have already risen, the main force may be looking to cash out.
3. Don't chase coins that have surged too rapidly, far away from the 5-day moving average. Coins that rise too quickly also carry high risks, and chasing highs can easily get you trapped.
4. Don't take risks with coins that suddenly jump at high levels. A gap up at a high position carries significant risks; it might be the main force quietly unloading.
5. Avoid coins with a turnover rate exceeding 30%. A high turnover rate indicates fierce battles between bulls and bears; it’s better to stay away from this volatile market.
6. Don’t fall for coins that are still holding up despite a bad environment. If the market is struggling, and a coin is still being pushed up, it’s likely a ‘smokescreen’.
Four don't sell:
1. Hold onto coins with an RSI between 50 and 80. An RSI in the upper middle indicates that the coin still has momentum, and holding on can yield more profits.
2. Don't rush to sell coins that have jumped up from a low position. A gap up indicates strong bullish momentum; let's see if it can continue to rise.
3. Hold tight to coins with an upward trend. Follow the trend; the longer you hold onto coins that are rising, the more you earn.
4. Don't easily sell coins that have all their chips concentrated in one place. When the chips are piled together, the main force may want to push the price up, and it's not too late to sell at the peak.
Thoughts on trading coins: Trading coins is about following rules, not just relying on intuition.
Understanding the trend is much more reliable than guessing blindly!
