The secret to getting rich in the cryptocurrency world is often hidden in the simplest methods.
Having been in the crypto space for years, I've come to understand: those who shout 'get rich' every day end up being the fodder. Today, I will share some practical advice, all of which comes from my experience that cost me hundreds of thousands in tuition.
Three major self-destructive behaviors—one hit, and you’re done!
1: Following trends is deadly!
Newbies love to chase the coins that are skyrocketing, only to see them plummet right after they buy. Remember, when even the aunties at the market are discussing Bitcoin, it’s time to run!
2: Putting all your eggs in one basket
I know a guy who bet his entire fortune on a certain altcoin, and now he’s delivering takeout to pay off his debt. Smart people know they should diversify their investments and keep some cash on hand for opportunities.
3: Going all in at the drop of a hat
What the crypto world lacks is not opportunities; it’s money! Those who go all in are like their hands and feet are tied; they can only watch good opportunities pass by.
Six practical tips that work every time
1. If it stagnates too long, something will happen
If the price lingers at a certain level for too long, it will either skyrocket or plummet. At this point, it's best to be a bystander and wait until the direction is clear before taking action.
2. Volatile markets are the most dangerous
Many think sideways markets have no risk, but this is when most people get liquidated. Resisting the urge to act is more important than anything else!
3. Be greedy when others are fearful
When the K-line is green and panic sets in, that’s actually a good time to scoop up bargains. Of course, the premise is that you must do your homework.
4. The steeper the drop, the higher the bounce
If the price slowly declines, the rebound will be gentle; but if it plummets, the rebound can be shocking.
5. Gradual accumulation is key
Don’t fire all your bullets at once; entering in batches can lower your average cost. This strategy is used by Wall Street bigwigs.
6. Taking profits is the wisest move
If it has risen significantly and is sideways, pull out your principal and let the profits ride; if it has dropped significantly and is sideways, get out quickly—don’t wait until you’re deeply stuck to regret it.
Remember, staying alive in the crypto world is more important than making money. These experiences look simple, but fewer than 1% can actually implement them. I hope you are one of them!
I won’t explicitly state the specific operation methods; those with intent will naturally reach out at @鲸海财经
