How to turn 100,000 into 20 million? My comeback journey!
Hello everyone, I was born in '95, and my name is Chain God. In 2015, I accidentally came across the cryptocurrency trading industry. At first, I lost hundreds of thousands like gambling. But later, I began to study seriously, researching everywhere, learning relevant knowledge, and continuously improving my abilities. After several
After years of ups and downs, I finally welcomed a turning point in 2024. I started my comeback journey. In just over two years, I turned 100,000 into an eight-figure sum!
Core principle - Three Don'ts of Cryptocurrency Trading:
Avoid buying during price rises: When market sentiment is high, prices are often inflated. Conversely, buy during market corrections or declines to take advantage of the fear in the market to acquire low-priced assets.
Diversify risks: Do not put all your funds into one cryptocurrency. Diversified investments can spread risk, so even if one cryptocurrency performs poorly, it won’t deal a fatal blow to your overall investment.
Control position size: Operating with a full position limits your flexibility. Keeping a certain cash reserve allows you to quickly adjust your strategy when market movements do not align with expectations.
Six Rules for Short-Term Cryptocurrency Trading:
New highs often follow high-level consolidation, and new lows often follow low-level consolidation: High-level consolidation typically signals a new round of increases, while low-level consolidation may lead to further declines. Wait for the trend to clarify before taking action.
Do not trade during sideways markets: When the market lacks a clear direction, the best practice is to wait and observe until the trend is clear. Buy on bearish candles and sell on bullish candles: a contrarian strategy, buying when the market is generally bearish and selling when the market is generally optimistic, reducing the risk of chasing highs and panic selling.
Assess the rebound strength based on the speed of decline: Rapid declines are often accompanied by rapid rebounds, while slow declines may lead to more moderate recoveries. Pyramid-style building: Gradually increase positions, especially intensifying purchases when prices decline to lower costs and lay a foundation for future gains.
After sustained rises and falls, there must be a consolidation: Long-term price movements will go through a consolidation period, with smaller price fluctuations. At this time, it’s not advisable to rush in and out, but to wait for the next trend signal.
The truth about why ordinary people in the cryptocurrency world can't make money is the lack of ability to time the market and escape at the peak!
Often, to succeed in something or build a successful career, we must rely on timing, location, and harmony among people.
Investing in the cryptocurrency market is the same; whether we can make long-term stable and continuous profits depends first on our cognition and ability.
Secondly, there’s timing, which is crucial for us. If you can make the right choice at the right time, your efforts will yield greater results with less work.
Once the timing is wrong, it’s uncertain whether you will achieve results, or if there will be any results at all.
The current timing is still okay; many cryptocurrencies are still in a phase of not having launched yet, still in the early stages of a bull market.
If you can keep up now, at least you can have a bite to eat and a sip of soup. If you miss the current opportunity to invest, you may end up with nothing to drink later.
Don't wait until the market rises significantly, and then you can't resist chasing the highs, running in to pick up the pieces, and asking me if it will rise further, or if you can add more to lower your average price.
Time waits for no one. I can clearly see the upcoming market trends and know what kind of results I will get after this wave of the bull market ends.
And what about you? I'm not sure.
I just hope everyone can truly acquire wealth through their own abilities, rather than relying on luck or stubbornness after losses.
These days I am preparing for the launch of a divine order!!!
Comment 168 to get on board!!!
Impermanence brings impermanence, brings impermanence, brings impermanence!!!
Important things should be said three times!!!
