7 Stages of Making Money in Cryptocurrency 🔥🔥🚀
Stage 1: The Protection Period for New Investors. Buying in a bull market guarantees profits. Witnessing the charm of the crypto world, watching assets soar, feeling happy every day, eventually thinking that you bought too little, borrowing money to invest, making a big purchase, only to get stuck at the peak. No matter how much it rises, you won't think about selling. When the bear market ends, the profits you made disappear and turn into losses. Comforting yourself, you decide to hold on forever. At this moment, you understand ‘value investing.’
Stage 2: After experiencing losses from holding onto assets, you start researching trading techniques. You can catch hot trends, buy and make profits, and then run away, but in the end, you miss out on major market movements, earning only a small amount.
Stage 3: Deep diving into research, studying techniques, starting to learn about bottom-fishing and peak-selling. However, the more you try to catch the bottom, the lower it goes. Once you've exhausted your resources, the decline still hasn't stopped. You learn the method of technical bottom-fishing.
Stage 4: Delving into technical analysis, gaining a deeper understanding of it, and knowing how to select targets, but lacking in capital management. You might encounter a black swan event, resulting in total loss.
Stage 5: Your mindset shifts to a conservative phase; you fear every coin, hesitate to make random trades, question all news, begin researching targets independently, making cautious and careful purchases. You learn to observe market sentiment, start understanding the logic behind market speculation and capital expectations, and also learn about risk management.
Stage 6: Shedding the arrogant mindset, becoming humble and respecting the market, no longer greedy. You believe the market is always right, and earning a portion of profits is already a success. The ambition to earn A9A8 is gone; earning is sufficient, and you're indifferent to A6A7.
Stage 7: You can seize opportunities in the market's fear, identify crises within FOMO emotions, grasp market hotspots, and understand whether coin prices are high or low. You are no longer greedy in the market and certainly not fearful. You start to seek small profits rather than trying to earn big at once, accumulating 3-5 times from major hotspots and 50% from minor ones. You understand the importance of holding cash and being willing to give up. You only enter the market when there are significant opportunities, realizing that the most important thing in life is to exit when necessary. At this moment, you have achieved success in the crypto world.
Dear friends, which stage have you reached? Leave me a message. I’ll help you up the wall.
