I don't understand technical analysis, but with this method, I turned 30,000 into 3 million in a year.
The real wealth secret in the cryptocurrency world often hides in the most unassuming 'simple methods.'
Many people come to the cryptocurrency space chasing wealth, but in the end, they can't even protect their principal. Today, I'm going to talk about this 'dumbest money-making method,' which is simple, crude, and practical. Even seasoned traders would be afraid of you learning it.
Three things not to do, breaking any one of them makes it hard to recover:
1. Do not chase highs and sell lows.
Every time the cryptocurrency price skyrockets, countless people shout 'this time is different,' and then they get stuck at the peak and dare not open the app for three years.
Real veterans only enter the market when blood is flowing in the streets — when candlesticks look like they are diving, emotions explode, and mainstream coins are halved; that's the stage for bottom-fishing.
2. Do not go all-in on a single coin.
Putting all your funds into one coin? That's gambling, not investing. Always keep 30% cash reserved so that when the market suddenly crashes, you have bullets to buy quality chips at a lower price.
3. Do not fully invest in a leveraged manner.
You can never imagine that opportunities are far more abundant than funds. Full investment means giving up flexibility. Top players understand how to control their positions; even if they make a mistake, they can recover instead of being wiped out in one go.
Six must-know strategies to outpace 90% of people:
1. Consolidation must change rule.
Long periods of sideways movement must lead to a drop, and significant gains must return. Whether it's high-level consolidation or bottom-level oscillation, these are signals brewing for a change. Before the direction is clear, it's better to earn less than to act rashly.
2. Sideways = a breeding ground for liquidation.
You think sideways is a resting area; in fact, it's a 'liquidation concentration camp.' When the market is unclear, controlling your 'itchy hands' is true skill.
3. Buy on bearish candles and sell on bullish candles.
When a big bearish candle forms on a day of a crash, it's actually an opportunity for smart traders. The market is often safest when it's most fearful and most dangerous when it's most greedy.
4. The rebound after a crash is stronger.
Have you ever seen a flash crash? If a sharp drop can be quickly halted, it's an excellent rebound opportunity! The cryptocurrency world has always been about falling fast and rebounding even faster; keep your eyes on the big waterfall and don't blink.
5. Pyramid-style position increase.
Don't go all-in at once; adding positions in batches at the bottom is the skill of experts. For every 10% drop, add a layer to your position to lower the average cost and reduce risk; waiting for a rebound is your harvesting moment.
6. Change in trend = signal to liquidate.
Sideways after a big surge? Don't fall in love with the battle; it's better to take profits safely. Sideways after a sharp drop? Don't fantasize about a rebound; cut losses early to survive! Swiftly cutting through chaos is the way to remain in the market forever.
These actions may sound 'dumb,' but they are the underlying logic to navigate through bull and bear markets.