When I first started trading cryptocurrencies, I earned about 2.6 million with a principal of 30,000. I graduated from university without ever having a job.
I have been playing in Shuitieling all along, not buying a house, not buying a car. My monthly expenses are 4,500, eating well, drinking well, and having fun!
💰How I made money:
1. With a principal of 30,000, I did projects in university, affiliate marketing, completing tasks, delivering packages, and doing various small tasks, saving up 50,000.
2. Entering the crypto space, I thought BTC was too expensive, so I kept playing with ETH, which has leverage, and then moved on to altcoin spot trading. Selecting coins and managing positions properly. Just executing a simple strategy; when the market is bad, I incur small losses, and when the market turns, I make substantial profits.
⛅ Why enter the crypto space.
To change my destiny, I must try the crypto space. If you can't get rich in this circle, ordinary people will never have another chance in their lifetime.
💰My trading mindset to share with everyone:
Everyone has different expectations in the crypto space, so how to reasonably plan limited funds is very important, especially when we buy coins!!! Suppose you have two equal funds, one bought BTC with a profit of 30%, and the other bought ETH with a floating loss of 30%.
If you need to take action, what will you do? (There will always be a wrong choice between two options)
A. Hold both
B. Sell BTC to buy ETH
C. Sell ETH to buy BTC
D. Liquidate both
According to probability theory, 80% of normal people will choose to sell Bitcoin to buy Ethereum. #CryptoCircle##pi#
They will feel scared that Bitcoin has risen too much, thinking it will be more reassuring to take profits; the lower Ethereum goes, the less risk there is, fantasizing that selling BTC to save ETH might allow both to profit.
In reality, the investment market tends to have a terrifying phenomenon where the strong get stronger and the weak get weaker. #ETH#
Relative to B. Selling BTC to buy ETH, C. Selling ETH to buy BTC seems extremely counterintuitive, and this operation makes most people feel very uncomfortable!
In fact, this outcome is often the best; this 'always wrong choice between two options' is a paradox that 80% of investors will encounter.
❤️ In conclusion, in terms of returns, C > A > D > B.
If you encounter two coins next time and see this reciprocal situation, be a little braver, be a little tougher, and try to operate against your instinct for security. The more unreliable it seems, the more you should try.
Remember, investment is always counterintuitive; you must go against the majority.