Cryptocurrency Survival Guide for Retail Investors! All the tricks of the market makers exposed, this time we must go against the trend!
1. Don't panic during sudden price surges and drops! A sudden spike followed by a retreat is a signal for market makers to accumulate, and a weak rebound after a drop is likely for distribution; chasing highs and cutting losses will get you burned!
2. News is all smoke and mirrors: positive news at high levels = signal for market makers to escape, negative news at low levels = time to quietly pick up bargains, operating in the opposite direction is the right way!
3. Trading volume can be misleading: a spike in volume at new highs might be a 'false breakout', a rise without volume will definitely crash; observe the volume at the bottom first, sustained increase is the true reversal!
4. Remember the iron law against human nature: when everyone is shouting to charge, I retreat; when there is collective despair, I buy the dip! Stick to mainstream coins, don't touch junk coins, averaging down is equivalent to giving money to market makers!
5. Making money relies on 'hard work': hold onto strong coins to let profits soar, choosing the right track is 100 times more important than hard work, reject fantasies of quick wealth, compound interest is the true way to wealth!