In the past ten years, I have earned over 20,000 in the crypto world and summarized some truths! Want to make a million with just a few thousand? In the crypto world, knowledge is not easily passed on, and laws are not sold cheaply. Free things are never cherished, and value only belongs to those who understand it.
If you find this helpful, remember to save and like it, so you won't lose it later. I will continue to update everyone!
1. Always keep records
Only by keeping real records and summarizing them seriously can you find direction for the next correct decision.
2. Never go all-in
Reserve funds should only be invested when the market experiences a decline of about 30%.
3. A sharp drop is the best test of human nature
Every sharp drop not only causes the price to plummet but also reveals the truth of human nature.
4. Always buy coins that make you feel secure holding
Only by holding truly high-quality assets can you truly achieve peace of mind.
5. After every sharp drop, there will be a sharp rise
Courageously enter the market when others are panicking, believe in historical patterns, and do not be scared by the current drop.
Those who pretend to understand but actually don't, and who like to be spoon-fed, will endlessly complain when they lose a little money, leading to a collapse in their mentality. Such people are unlikely to make money, and a bad mindset guarantees they won't go far; they can't hold onto even a little profit, so how can we talk about investing?
Now let's talk about the key points! There are three immutable laws of cryptocurrencies:
First, a long period of sideways movement will eventually lead to a rise. After a long time of consolidation, an increase is inevitable. Consolidation is actually a kind of market competition, aimed at washing out those investors who lack faith and patience.
Second, a prolonged decline will eventually lead to a rise. Continuous decline often reflects market accumulation, aiming to attract those short-sighted investors who panic and sell at a loss, after which the price will rise.
Third, a prolonged rise will eventually lead to a decline. Rising is to gain profits; when the market reaches the right time, it will adjust and a decline will occur.
In the crypto world, if you want to make big money and turn your situation around, don't worry too much about short-term fluctuations and gains and losses.
Remember the saying: "When others are fearful, I am greedy; when others are greedy, I am fearful."
No matter what kind of coin it is, it seems like the chives are being cut, but in fact, what is being cut is your cognition and thinking.
