In fact, you don’t have to be in a bull market to make money in the cryptocurrency circle. Of course, I agree that you have to be in a bull market to make big money. As for the sudden recovery of the market, whether it is a "small spring" or a "carnival", the essence of the two is actually not much different. The main difference is that the different forms of expression lead to differences in people's subjective feelings. For example, last year, the zoo market could rise tenfold as long as the name contained an animal. For example, some time ago, as long as a national team token was issued, it could double it. I have no intention of distinguishing the market value and multiples of football and animal markets. Today, I will mainly talk about ideas.

The title of this article is "The Idea of ​​Speculating in Cryptocurrencies". Since it is speculation in cryptocurrencies, the main point is to highlight the word "speculation". We buy cryptocurrencies for the purpose of making money, so it is best to buy the most volatile coins, so that we can make more money. There should be nothing wrong with this idea. So there must be a premise that we buy cryptocurrencies to wait for them to rise. Or to break it down further, we want to pick out the strongest coin in a period of time. What does the strongest mean here? It actually means literally. Just ask a random person in the cryptocurrency circle, "What is the coin that has risen the most recently?" Then his answer is most likely to be.

This question seems very subjective, but in fact, this is one of the characteristics that I think strong currencies should have: strong noise, attracting the most attention. There are several other characteristics: huge trading volume, exaggerated increase, and on Binance.

There is no need to say much about the exaggerated increase. After all, it is a hot project at the moment, and hot money is rushing into it. Huge trading volume is a necessary condition. Although some projects may increase by many times from the bottom, the liquidity is so bad that even some medium-sized households cannot enter the market. It is not an exaggeration to call them local dogs, so trading volume is also necessary. You can also experience this in Binance. The place where I make money is Binance in addition to the chain.

The source of strong noise should be that this coin has a good narrative. Here comes the point. This narrative must be able to drive the sector to rise together. You can recall it yourself. Its narrative needs to attract a lot of funds to hype it up. Why is it called a leader? It is because it has other younger brothers. For example, the Metaverse Group (Mana, Sand, Gala), the Moon Group (Lunc, Luna, Ustc), the Zoo Group (Doge, Pig Coin, Shib), the Ethereum Merger Group, the World Cup Group, and the Twitter Acquisition Group. There must be such a sector effect to have the opportunity to make money.

This year, I went from not understanding meme at all to gradually catching the growth of several meme coins and making money. In fact, it is not difficult to understand the value of meme coins, just understand it. Others rely on my own trading system, which I think can be simply divided into two points: what we invest in or trade is the future, and we must dare to chase it when the hot spots come. This year's cottage, after completely missing Gmt, I made money on Chz, Lunc, Apt, and Doge, and the returns exceeded 50%, and the positions were not bad. The methods used are all bullish on the technical side + the market has a certain degree of heat. In fact, I basically bought at an absolute high at the time, commonly known as chasing highs.

This is the trading method I am used to using, and it has also brought me good returns. But there are also times when I fail, and the classic representatives are ssv and vgx. These two coins basically lost about 15%. Their narratives were not able to stand up, the noise was not strong enough, and the liquidity did not support some big investors to enter, so they also lost money.

That's all, Dyor.

Author: Beyond, Twitter @Beyond0x009; Editor: Gemini, Twitter @Gemini0x17