7 Stages of Making Money in the Cryptocurrency World

Stage 1: The Protection Period for Novices. Buying in before a bull market ensures profits, experiencing the allure of the crypto world,

watching assets skyrocket, feeling happy every day, ultimately thinking they bought too little, borrowing money to invest, buying in all at once,

finding themselves trapped at the peak, not thinking of selling no matter how high it goes, when the bear market starts, profits evaporate and turn into losses,

self-comfort leads to a decision to hold on, in this moment, you understand 'value investing'.

Stage 2: After suffering losses from holding on, you start researching trading techniques, able to capitalize on hot trends,

buying means profit, and once you profit, you run, ultimately missing out on major trends, earning only a small amount.

Stage 3: In-depth research, studying techniques rigorously, beginning to learn bottom-fishing and peak-escaping,

but the more you try to bottom-fish, the lower it goes, once you have no more chips to buy, the decline still hasn’t stopped,

you understand the methods of technical bottom-fishing.

Stage 4: Delving into technology, gaining a deeper understanding,

also knowing how to select targets, but lacking capital management,

you might encounter a black swan and lose everything.

Stage 5: Mindset enters a conservative stage, fearing coins, hesitant to act,

doubting all news, starting to research targets on your own, buying cautiously,

learning to observe market sentiment, beginning to understand market speculation logic and capital expectations,

also learning risk management.

Stage 6: Shedding the arrogant mindset, becoming humble, respecting the market, no longer greedy,

believing that the market is always right, being able to take away a portion of profit is already success.

Gone are the ambitions of making big profits, just earning is good, indifferent to smaller gains.

Stage 7: Able to seize opportunities during market fear, able to identify crises within FOMO emotions,

also able to grasp market hotspots, understanding whether coin prices are high or low, not greedy towards the market,

nor fearful; you begin to seek not to make a large profit all at once, just aiming to earn a little each time,

accumulating 3-5 times profit from major hotspots, earning 50% from minor hotspots,

understanding the importance of staying out of the market and knowing when to give up, only entering during significant opportunities, realizing that life is most important,

when it's time to exit, exit. At this moment, you have achieved success in the crypto world.