Struggling in the cryptocurrency world for 7 years! #SIREN的星辰大海
Let me share my personal experience with all my brothers. I entered the cryptocurrency space in 2018, and at my peak, my assets reached the height of A8. I experienced two significant market crashes, with my assets shrinking by about 80%. In the second half of 2024, I hoarded Bitcoin and made back around 5 million, nearly multiplying my principal by 40 times. I personally like cars, and during those two withdrawals, I spent money on cars; otherwise, I could have multiplied my assets by around 60 times. Now I have about eight or nine hundred left, most of my funds are in exchanges. I come from a rural background and got involved in this space relatively early, with almost all my money earned from trading cryptocurrencies. Now, my life is basically reaching a comfortable level, and I feel quite satisfied.
To be honest, regarding my cryptocurrency trading, people around me do not support me, and I never expected to reach this day. It has been a complete turnaround for a nobody. If you also have a dream of turning your life around, please read this article carefully.
I am not a master; when I first entered this space, I was just a low-level nobody. I have gradually grown step by step over the years. Today, I want to share my experiences with you all. If you also want to have a place in the cryptocurrency world, you must adhere to the following iron rules:
1. Focus on strong cryptocurrencies for trading, use the 60-day moving average to judge, consider entering or increasing your position if it stabilizes, and leave quickly if it breaks down; strictly enforce this.
2. Avoid coins that have surged more than half in the short term, and pay more attention to low-priced coins, as they carry less risk and have more room for growth.
3. Coins that have surged significantly within 15 days but have seen a reduction in volume without breaking the 10-day moving average likely have new trends as the main force has not exited.
4. Before a major upward trend, small fluctuations often occur with reduced volume; set the average trading volume line to 135, and you can participate when volume is not maxed out and the price is low.
5. New concept sectors usually have a 2-3 day upward period; seize the opportunity.
6. In a bear market, at least remain in cash for six months, and during poor market conditions, it's better to rest than to trade excessively.
7. Review weekly, focus on whether your methods are correct, and stick to finding the rhythm for several months.
The market changes every day, and maintain a calm mindset. If you always feel like you're a step behind or are disturbed by market noise, feel free to chat.