To make money in the crypto space, you must know these three elements:

Understand the bull and bear cycles, know how to allocate assets, and master the timing and methods of selling.

Knowing these three points, you can basically enjoy most of the benefits of the entire development in the crypto space.

Among them, selling is the hardest part. The difficulty is not the method itself, but your reluctance to let go of profits and greed for a little more.

Those who have not experienced the entire cycle of bull and bear markets do not know. The saying 'the bystander sees clearer' is most suitable for newcomers in the crypto space.

For example, in a bull market, your assets have reached tens of millions, and after a sleep, they drop to 7 million. Would you sell or not? Newcomers certainly wouldn't sell, feeling like they lost 3 million.

Veterans who have lost money will definitely sell because they feel they earned that 7 million; that 3 million was just taken back by the wealth god, consider it an offering to him.

I have seen a blogger whose assets were at their lowest of 400,000 during the last bear market. By the bull market in 2021, it peaked at 11 million, but when it dropped to 7.2 million, he decisively sold.

He was able to sell because in the previous wave it was around 5 million. He didn’t sell, thinking it could go higher. This brother learned the hard way and only retained 7.2 million in the last bull market.

In this wave, he can easily earn tens of millions.

In the last bull market, I personally witnessed people around me go from tens of millions, millions, hundreds of thousands to zero; literally zero, with nothing left.

Learning from others can help you understand gains and losses.

Previously, I wrote an article introducing three selling methods: collateral lending selling, moving average discipline selling, and fixed sell-out method. All can be practiced.

Every method is exceptionally simple; the reason some people can't do it is that it involves struggling against human nature. If you can restrain some of the greed and fear in human nature.

In this brutal market, the key is to preserve most of your profits.

Some old hands have a very good methodology; they will join many groups, and whenever the group gets lively, they start selling.

This delivery indicator must be accurate. When most people are making money and getting excited, that’s when you should retreat.

But do not rely on this indicator to catch the bottom. The emotions of fear and loss are very difficult to quantify; a drop of 10%, 20%, or even 50% all seem quite similar.

But a 10% increase feels insignificant, while a 500% increase creates a completely different atmosphere, with constant expressions in the group, and sometimes even seeing red packets.

The group can still showcase large profits, and the entire group is filled with an optimistic atmosphere.

If someone in the group asks, 'Bro, how much did it rise today?' Someone might send a profit screenshot saying, 'Look, not much, just a few million, rise? For crypto traders, can that be called a rise? That's called profit.' You exclaim: 'Big shot!' and add an expression. The optimistic atmosphere in the group becomes even more intense.

Big brother casually sends a 6.66 yuan red packet, saying: 'My today is your tomorrow.' You grabbed this 3 cents, which is infused with the luck of his million profits, and you happily deposit it into your wallet.

I also found another indicator that is very useful and cannot deceive people. That is the lending interest rate of USDT.

The market has been quiet these days, with little speculation, and everyone has likely returned the borrowed USDT. OK's interest rate is an annualized 2%. Sesame's interest rate is 3.5%.

Huang An's interest rate is 12.6%. Look at the lending rates, if it's okay, it's very accurate. Whenever the interest rate soars to 20-30%, it indicates a hot market.

At this moment, it’s not to say that you should sell, but if you go to buy, the probability of losing money is certainly greater than making money.

What we need to do is to minimize the probability of losing money and increase the probability of making money, ultimately achieving profit.

Many people are staring at Bitcoin, wow, that price is too high, looking at 15,000 when it was 27,000, and looking at 8,000 when it was at 15,000.

Now at 43,000, looking at 30,000, this relative comparison is actually just a feeling. The valuation method is wrong.

Judging based on absolute price levels is completely wrong; Bitcoin is no longer the same Bitcoin before the ETF was not approved, nor is it the same Bitcoin from three years ago.

Just look at this lending interest rate; anyway, I think it's still a good time to buy. If the rate is so low, why not buy? Are you going to wait until it hits over 10%?

Also, when playing with BRC20, just look at OK; you choose BTC to withdraw. If the fee is 4 USDT, and if you have confidence in some asset, now is the time to buy in batches. If the withdrawal fee for Bitcoin reaches 15-30 USDT, then at this moment, buying still has a higher probability of losing than making money. Anyway, I’ve asked several who made tens of thousands with BRC20, and now they only have a few thousand or tens of thousands left. When the fees skyrocket, if you have assets, you should at least withdraw some. Earning a little less is fine; when you have more money, and you learn to sell, only then can you exit completely when the real bull market comes. Even if you don’t sell, you shouldn’t buy when the fees are skyrocketing.

In a competitive market, buying when no one is paying attention and selling when it's bustling is always right.

It's okay to earn a little less; surviving allows for more opportunities.

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Recently, many people have been asking me if they can borrow money or take loans to buy coins? How should I answer this? I can only say the absolutely correct answer: No.

But I personally need to leverage a bit. Because those who make money quickly, the fact is, no one does it without leverage, but leverage comes with risk.

Risk is always accompanied by returns. However, people hate risk. If you say absolutely no leverage to reduce risk and gain enough sense of security, such a statement has more market appeal. Do you understand what I mean?

Just like you said, do those big shots, wealthy people, and celebrities chase women? The answer is definitely no; they represent a bright value system like the sun. But what is the reality? It's something you can only comprehend.

To break some things requires courage; what you gain can only be understood by yourself. I really can't give such advice.

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Why sell CSAS?

Mainly, there are too many projects related to these coins: engraving, gaming, launching, DeFi, cross-chain. A project may need to raise millions of dollars and burn a lot of money. Can a team handle so many projects? When the game production requires locking for a month, and immediate withdrawal results in an 80% loss, it reminds me of a milk coin called Baby Game I once played. At that moment, I decided to abandon it.

To be a scoundrel in this market is essential for crazy arbitrage, while sentiment should be reserved for Bitcoin.

I’m done writing, keep it up! I’m Xiao Qi, sincerely wishing you wealth in the crypto space, an old hand.
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