$ETH In the cryptocurrency world, having a complete cognitive system does not necessarily mean making money in the short term. For example, if one encounters a bad market, and this system does not align with the bearish trend, it will also be impossible to make money. In the long run, as long as the industry continues to develop, those with a complete system will eventually make a lot of money. Those without their own cognitive system will inevitably lose money.
Most people lose money because they lack their own system.
What is a system? A system is knowing what to do and what not to do. There is no good or bad system, only whether it suits oneself and whether one can achieve the unity of knowledge and action.
In plain language, it means focusing only on what you are familiar with, cultivating your own land. Don't try to dabble in everything; just because you see others making money doesn't mean you should follow them.
For example, I rely on hoarding coins and various arbitrage, earning money off-market, hoarding during bear markets, and holding long-term. I made money using this simplest method.
There are also some experts who specifically chase hot trends to make money. They are willing to invest heavily; for instance, when new hot trends like inscriptions appear, they invest directly 5 million.
When it doubles, take out 5 million, then continue holding. If it rises again, sell half. If it drops, remove the original cost and reinvest everything.
If they ultimately fail, then they just give up and continue to prepare money for the next new venture. They will not give up after one failure. As long as one is successful, the money from ten failures might be recovered.
If it keeps rising, they will sell while it rises; they will not hold long-term. Adapt and apply, as not all assets are suitable for long-term holding. This usually results in dozens of times returns.
The core of this is heavy investment. Knowing about hot trends is not enough; since it's a hot trend, most people will know, but they dare to buy in large amounts and are decisive in selling. This is their system. For them, the system is about protecting their fruits and minimizing losses.
In the market, when the average person sees a hot trend, they tend to buy a few thousand U or 500 U. This is a system without structure; they won't sell when they make a profit, and they hold on even when they're losing.
There are also some who pursue a system of extreme asymmetric risk returns. They usually invest between 50,000 and 100,000.
I think if you want to get rich in the cryptocurrency world, you should at least prepare 50,000 to 100,000 yuan.
Taking this path certainly does not mean buying a little of this and listening to recommendations to buy a little of that.
These types of people have a strong personal opinion and are very patient. They go all in like a hunter, possibly waiting for 1-2 opportunities over three years. They will only buy the leading coins in the latest sectors, requiring a low market cap. Once they buy, they won't look back; they absolutely do not engage in swing trading—it's either zero or an explosion, and the final profits are generally between 30-100 times. During this time, they remain completely inactive, ignoring all good and bad news. They give up all opportunities, such as mining rewards, events, and do not increase their positions. This is their system.
There is also a group of people who treat the cryptocurrency world as a way to exploit opportunities. They do not hold coins and never trade. They only participate in airdrops from project parties, events, and earn money from games. Their method is to thoroughly understand a project, then continuously replicate it, profiting from scale. In recent years, many have profited from ARB OP and STK, and many made money from blockchain games in 2021. This method requires catching a good wind.
There are also a few low-risk money-making systems, which involve profiting from information gaps in the cryptocurrency world. For example, if a coin is delisted, their monitoring program receives this news and short-sells it immediately, earning several percentage points. If a coin is going to participate in an event or be staked, they will buy it all at once and exit with a 5-10% profit. After the event ends, regardless of profit or loss, they will sell immediately; this is their money-making system.
The above are a few systems for making money in the cryptocurrency world.
People who consistently lose money do not have a system. They inquire about news, listen to what others say in groups, and if someone recommends a coin, they want to buy a little. They think losing is fine; if they make a profit, that's even better. Since they buy little, they can't lose much or gain much, resulting in confusion about their profits and losses, unable to understand why they profit or lose. This is a lack of a system. It's difficult to make real progress, and they won't dare to heavily invest in any asset. Some believe in following others' trades, buying whatever others buy, and end up losing everything. People without any system will surely end up losing everything. Moreover, they shouldn't leverage trading contracts; they will become the most miserable people in this market and will believe that this market is deceitful, attributing their losses to the schemes of market makers.
Keep it up! I am Xiao Qi, a sincerely wishing you to get rich in the cryptocurrency world old veteran.
Continuously monitor BTC, ETH, BNB.
Bulls have their strategies, and bears have their ways of playing.
Xiao Qi will not lead fans to margin call, nor will he blindly open positions.
It's all about seeking victory steadily, working steadily. If you want to make money, join Xiao Qi's team!
