Monthly salary of 3,000, annual income of 36,000 yuan, and an estimated total lifetime income of 1.44 million yuan;
Monthly salary of 4,000, annual income of 48,000 yuan, and a potential wealth accumulation of 1.92 million yuan;
Monthly salary of 5,000, annual income of 60,000 yuan, and an expected total lifetime income of 2.4 million yuan;
Monthly salary of 6,000, annual income of 72,000 yuan, and a potential lifetime wealth accumulation of 2.88 million yuan;
Monthly salary of 7,000, annual income of 84,000 yuan, and an estimated lifetime income of 3.36 million yuan;
Monthly salary of 8,000, annual income of 96,000 yuan, and an estimated total lifetime income of 3.84 million yuan;
Monthly salary of 9,000, annual income of 108,000 yuan, and a potential lifetime wealth accumulation of over 4.32 million yuan;
Monthly salary of 10,000, annual income of 120,000 yuan, and an estimated total lifetime income of 4.8 million yuan;
Monthly salary of 20,000, annual income of 240,000 yuan, and a potential wealth accumulation of up to 9.6 million yuan;
Monthly salary of 30,000, annual income of 360,000 yuan, and an estimated total lifetime income of 14.4 million yuan;
Monthly salary of 40,000, annual income of 480,000 yuan, and a potential lifetime wealth accumulation of 19.2 million yuan;
Monthly salary of 50,000, annual income of 600,000 yuan, and an expected total lifetime income of 24 million yuan.
However, there are very few people with a monthly salary of more than 10,000, and even fewer with a monthly salary of more than 20,000. Most people's monthly salary is still hovering below 10,000, and it seems that the income of ordinary people's life is barely enough to buy a house.
So, how much do you want to earn before you stop in the crypto world?
If you are over half a hundred years old, then my suggestion is to hold 10 bitcoins. After all, the value of Bitcoin is likely to soar to a million in the future. Conservatively estimated, one Bitcoin is worth one million, and 10 is ten million. Holding 10 Bitcoins is equivalent to the income of an ordinary working elite for a lifetime!
If you are in your forties, then 5 bitcoins are enough;
If you are in your thirties, 2 bitcoins are enough to meet your needs;
If you are in your prime, 0.5 bitcoins are enough;
If you are still a child, then 0.36 bitcoins are enough.
If you are in the 30-40 age group and currently hold 20 bitcoins, then you already have the key to a free life; if you hold 100 bitcoins, then you can roam the world. Keep it up, my crypto friends!
Although there are many ways to make money, the lessons learned are often similar.
My experience and investment strategies of 13x in 1 year in the crypto world:
First Principle, Product Selection, Timing: Research good targets and research clearly how to buy them:
There are several indicators for buying good targets:
1. Fundamentals: If the fundamentals are good, you can hold it for a long time. This way, at worst, you will be stuck for 3-4 years, but you can still make several times your investment in the next bull market.
2. Price, the purchase price is not high, and it is at a relatively low level
3. Timing. If there is a trend later, you can recover your investment faster. For example, buying at the end of a bear market when there is strong positive news will be better than buying at the beginning of a bear market. After all, at the beginning of a bear market, your money will be tied up for 1-3 years. Buying at the end of a bear market means the trend will pick up quickly, and your money will increase several times.
Second Principle: Study the top indicators clearly, and do low buying and high selling based on the entire bull market cycle with a large position.
The core bull market top indicator that I have been using internally in the community:
1. btc market value ratio, if it is the top of the bull market, the probability is to fall below the previous low of 36, and you should pay special attention if it falls below 40. For example, 9.7 is a big drop after the market value ratio hovered around 40.
2. eth/btc ratio, break through 0.1, the target reaches about 0.12, and can even reach 0.14-0.2, you should pay special attention to the risk of large callbacks if you break through 0.1
Third Principle: Coin-based, coin-based is a very important core idea for me. I use coin-based grid to earn coins.
I am Bitcoin-based. Although many people buy various altcoins, in the end, 96% of people cannot beat those who hoard Bitcoin. Therefore, my goal is to earn Bitcoin coins by using the market's ups and downs, especially choosing my varieties to earn Bitcoin, and opening Bitcoin-based grid orders in a quantitative grid way. This way, my risk will be relatively low. If other coins rise relative to Bitcoin, I will sell them in batches and buy Bitcoin. If the market falls, I will sell Bitcoin and buy these coins (because Bitcoin will fall less relative to other coins)
Fourth Principle: Combination of long-term and short-term trading systems: For example, my long-term position is to hoard coins and never do short-term high-sell low-buy.
My short-term position uses quantitative grid to automatically help me do high selling and low buying. Like the order below, the profit of grid high selling and low buying is almost the same as the profit of my holding currency rising.
Fifth Principle: Patience. Ambush at low positions, hold coins patiently, and don't chase highs.
You must be patient, valuable coins will definitely rise, but the sectors have rotation, it is impossible to eat all the skyrocketing coins
If the coins in your hand are not moving and you want to sell them to chase the rise of other coins, then study your coins well, including their team, business, track, official website, and community (Twitter, Instagram), etc.
Don't sell it all after waiting too long, and then rising a little, as a result, waiting for so long, but not eating its big increase
As the saying goes, holding coins is more difficult than being a widow. The best way to hold coins is to open a grid, especially a coin-based grid. This way, you can outperform hoarding coins, and the risk is relatively low.
Sixth Principle: You must think clearly about your trading rhythm and trading cycle.
Many people watch the market every day, but they don't know what cycle they should be looking at. If you look at the minute chart, the bull and bear markets switch every minute, which makes you sleep and eat poorly.
Generally, you should look at the large cycle first, and then look at the small cycle.
If you are a long-term holder, look at the weekly chart first, then the daily chart, and the four-hour chart. Occasionally look at the 1-hour and 30-minute charts, mainly to find buying opportunities. Basically, don't look at the 1-minute and 5-minute charts. I used to make big mistakes by looking at the 1-minute and 5-minute charts and then being anxious. Short-term trading is likely to lead to fewer coins. Many people can't even make fiat money, let alone increase the number of coins they have.
The time period of the K-line determines the maximum holding time: 1 minute, tens of minutes; 5 minutes, several hours; 15 minutes, one or two days; 1 hour, several days. 4 hours, several weeks.
The basic principles of Dow Theory, combined with the actual situation of the crypto world, can be summarized in the following six points:
First, the average price contains and digests all factors. Fundamentals, policies, news, and capital can all affect the relationship between supply and demand, and all of this will be directly reflected on the disk, and the market will eventually digest and absorb it through price changes.
Second, the market has three trends. Dow divides trends into three categories: major trends, necessary trends, and short-term trends.
The main trend is like the tide of the sea, belonging to the long-term trend, similar to the four seasons of the currency circle, the cycle of bull and bear is endless.
The secondary trend is the wave in the tide, representing the retracement in the main trend, generally retracing to 38%, 50%, and 62%, these three important Fibonacci positions. The short-term trend is the ripple, referring to the subtle fluctuations in it. Subtle fluctuations have high uncertainty and change rapidly.
Third, the big trend can be divided into three stages. The first stage is the accumulation stage, similar to the extreme of yin giving birth to yang, that is, the bear market has reached the end. Although everyone is bearish, it has already fallen below what can be fallen. At this time, the main force begins to absorb goods in batches.
The second stage is the multi-headed offensive stage, good news began to appear, and most retail investors who understand some technology began to gradually enter the market, and prices began to gradually attack.
The third stage is the climax sprint. At this time, major media outlets begin to spread overwhelming good news, making bold predictions for the continued rise in prices. Retail investors actively buy in, and no one wants to sell, for fear of missing this once-in-a-lifetime opportunity to make money, but in fact, the main force that bought in at the bottom has begun to ship goods.
Fourth, various average prices must be verified with each other. For example, the common increase of big cake and mainstream coins has exceeded the previous peak of the middle trend, which can be called, ushering in a large-scale bull market! Similarly, if the common decline of big cake and mainstream coins has fallen below the neckline position of the high-level shock stage in the bull market trend
Fifth, trading volume must verify the trend. Dow believed that volume is second to technical analysis. When prices are developing in line with the major trend, trading volume should also increase accordingly.
Sixth, we can only judge that a given trend has ended after a certain reversal signal has occurred. A big trend has inertia and will generally move a little further along the main direction, so you must wait until the trend confirms the reversal, such as the head and shoulders pattern confirming that the neckline is broken before the trend is reversed.
Dow Theory is a macro technical analysis system. Its purpose in practical trading is to capture the largest segment of the most important movements in the market, that is, the most delicious middle segment of the fish's belly.
Its advantage is that it is relatively successful in judging the major trend of bull and bear markets, but its disadvantage is also obvious. The signals are usually delayed, and generally miss 20%-25% of the profit margin.
The secret method of the crypto circle, mastering one can open a life of wealth, one trick can really eat all over the world.
1. The longer the consolidation, the higher the rise; the longer the consolidation, the higher the rise.
Sideways consolidation is a sign of bottom accumulation, and the more chips are accumulated, the greater the ambition.
Second, if it falls suddenly after going sideways, it must be a small fall, and it will definitely rise after the fall. If it rises suddenly after going sideways, it must be a small rise, and it will definitely fall after the rise.
Sideways consolidation is the performance of hidden accumulation, and oscillation is the stage of strong accumulation. The way it is expressed is washing the market, which is rising and falling back and forth, simple and rude, but it works every time.
3. If it doesn't make a new low, it will rise quickly; if it doesn't make a new high, it's not good.
If it doesn't make a new low, it means that the main force is entering the market and continuously acquiring, indicating that it is about to bottom out. If it doesn't make a new high, it means that the dealer is secretly shipping, which is very bad.
4. When the volume reaches a sesame point, it will definitely rise greatly when it is low, and it will definitely fall greatly when it is high.
If the trading volume is very low, everyone is watching. No one is buying or selling. Either everyone is holding onto their chips waiting for the price to rise, or the dealer has no chips left and is waiting for the price to fall.
5. When the price rises to the top, it re-emerges after a shallow dip; when the price falls to the bottom, touch the feet after bouncing back.
Re-probing is the banker selling the goods that have not been sold out again, and re-touching the feet is to collect the chips that have been shaken off at the bottom again.
Today, Sunny will tell you clearly about crypto asset allocation and protect the fruits of victory
Regarding asset allocation, most investors in the currency circle have concepts, but no specific practice. Many people speculate in coins, in fact, imitating貔貅, the funds only enter and do not exit. They only see the continuous flow of funds into the currency market, and only have book profits, but do not withdraw the profits, resulting in the fact that they do not make money, although they have experienced many rebounds, but in the end they are trapped.
The cryptocurrency market is volatile. The market created by concepts and hype cannot be sustained. Bull markets are short and bear markets are long. If you cannot take profit and exit at a high point midway, you will basically face: the money earned by luck is lost by strength.
Although there are some big players who have achieved financial freedom by holding digital currencies for a long time, these are just individual cases. Behind these cases, the silent majority exits sadly. For ordinary people, blindly holding is not advisable. Instead, you should have a more detailed and clear asset allocation, guided by your goals.
Simple crypto asset allocation, in short, is summarized as two focuses, one trading strategy, and one method of rebirth:
Two focuses: Position Management + Capital Allocation;
Trading Strategy: Short-term, Medium-term, and Long-term Strategies;
Rebirth Method: Start over from scratch.
1. Capital Allocation
First, let's talk about fund allocation. For personal investment, funds can only be your own available funds, idle funds, and the part of the funds that will not affect your survival. Therefore, borrowing money, taking out loans, or mortgaging assets to trade cryptocurrencies is not advisable. We are playing investment, not gambling with our lives and property.
In terms of capital allocation, a sound capital allocation that can resist market risks must be a diversified allocation combination of low-risk, medium-risk, and high-risk products, based on the balance of risk and return.
The investment targets in the current financial market are classified according to risk preference as follows:
Low Risk: Cash, bank deposits, money market funds, bonds
Medium Risk: Gold, funds, real estate
High Risk: Stocks, Forex, Digital Currencies
There are large differences in the capital allocation ratio of investors with various risk preferences:
Risk Averse: Low Risk: 60%, Medium Risk 30%, High Risk 10%
Conservative Investor: Low Risk: 40%, Medium Risk 30%, High Risk 30%
Risk Taker: Low Risk: 20%, Medium Risk 30%, High Risk 50%
The essence of the crypto market is high risk and the expected high returns brought by high risk. Therefore, for ordinary people, it is irrational to invest all available funds into the crypto market without understanding the risks and returns of the crypto market.
The financial market cannot be a one-sided market. Only a few people can make money in the market. We need to reasonably allocate the flow of funds, especially in the crypto market. We need to be cautious and not blindly go all-in.
2. Position Management
After clarifying the allocation ratio of various risk assets, we can look at the position management of the crypto market (taking 50% of available funds as an example).
Crypto market position management involves two aspects: one is the position level of cash utilization, and the other is the specific digital currency position management.
For cash utilization, the position level of a stable investor in a non-obvious bull market is as follows:
Cash: 30%
Digital Assets: 50%
Working Capital: 20%
Cash is used to wait for trend markets, and gradually increase positions when trend markets come. A digital asset position ratio of 50% is not a one-time purchase holding position ratio, but is achieved through fixed investment and batch increase in positions based on the prediction of the market. A 20% of working capital is to cope with short-term market conditions, seize potential opportunities to buy in, and sell in time after the opportunity has passed or the judgment is wrong, and outflow the proportion of working capital.
Specifically for digital currency positions, you can refer to the following position allocation:
BTC, ETH: 60%.
Platform Coins: 20%, platform coins of mainstream exchanges, such as HT, BNB, OKB.
Mainstream Coins: 10%, must meet two conditions: the daily trading volume and the market value ranking are both in the top 50.
Altcoins: 10%, to capture short-term opportunities.
Bitcoin and ETH, as the leading coins in the market, occupy absolute advantages in terms of market value, liquidity, and audience, and are coins that must be configured.
In addition, platform coins of mainstream exchanges with stable profit models and user base are also coins that must be configured. Whether it is the market of mainstream coins or the local market of altcoins, platform coins will perform. As long as there is trading, the liquidity of platform coins will not be a problem.
In the current crypto market, it belongs to a one-sided market. Mainstream coins follow the BTC market and do not have many opportunities for independent movements. They only have the characteristic of greater volatility when rising and falling together. Therefore, considering the combination of stability and profitability, a small allocation is sufficient.
For most altcoins, there is only short-term opportunity, and there is no value or need to hold them for the medium and long term. After these years of development, the era of altcoins telling stories is over. Blockchain projects without practical application scenarios or unique technological features basically have little hope.
3. Trading Strategy
Next is the trading strategy. Unless professional investors who have been deliberately trained have a relatively complete trading strategy, most people have no strategic ideas, confuse the concepts of short-term, medium-term, and long-term, and the position management of buying and selling, but blindly look for various methods and constantly try and make mistakes, but fail to summarize and practice a strategy that suits them.
For trading strategies, simply put, there is a short-term, medium-term, and long-term trading strategy, a profit-taking and stop-loss strategy, and a buying strategy. Mastering these three points and applying them flexibly is enough.
Short-term, medium-term, and long-term trading strategies, you need to distinguish between each of your trades, whether it is a short-term trade, a medium-term trade, or a long-term trade.
Short-term: End the battle within 3 days - 2 weeks, the longest is about 1 month;
Medium-term: 2 weeks - 3 months, the longest is 6 months;
Long-term: 6 months or more.
According to the trading at different times, it is necessary to strictly implement. Short-term trading generally pursues short-term market hotspots. When the market changes, you must exit at any time; medium-term corresponds to trend market, and you can gradually build positions and increase positions in this process; long-term market corresponds to large cycle and fixed investment strategy.
Regardless of short-term, medium-term, or long-term trading, the key to your profitability in the market is to buy low and sell high. Therefore, no matter what the market is, we need to take profit and stop loss in time to grasp the profits of each market stage.
Profit-taking is actually difficult to calculate. It should be flexibly responded to according to your own expectations and the specific market conditions. Don't worry about selling too early and making less money. Compared to losses, being able to make a profit has already defeated the vast majority of investors in the market. After so many market conditions, everyone can actually find that it is not difficult to make a profit on paper, but it is difficult to take profit in time.
It is easier to make a plan for stop-loss, but it is difficult to implement, especially when you are stubborn and go against the trend. The situations where you missed the stop-loss due to your emotions and were trapped are countless.
If you don't know how to stop the loss, you can execute it according to the following methods:
Short-term: Stop loss immediately if the loss is within 20% and there are no results after buying. Short-term trading is to obtain short-term opportunities. If the judgment fails, you must cut it off decisively and stop the loss immediately. You cannot delay and try to wait for the market to improve.
Medium-term: Stop loss once at 30% loss. Because the medium-term position is not bought all at once, but bought in several times. Relatively speaking, the average price is similar to or even less than the cost of leaving with a 20% short-term loss.
Long-term: Around 30% loss, note that this is not a liquidation operation, but a stop-loss in batches. Each time you stop the loss, it is the profit position that was built at a low price.
The buying strategy is not to go all in at once, nor is it necessary to operate with a small position every time, but to distinguish the buying according to whether the transaction is short-term, medium-term, or long-term.
Short-term: Full position, since it is short-term, just buy it all at once, no need to wait, because the opportunity is fleeting.
Medium-term: Buy in 1-3 times. The first time is to intervene with a small position and wait for the market to develop. After obvious signals appear, you can gradually increase the position.
Long-term: Buy in batches, similar to the fixed investment strategy, to reduce the purchase cost through long-term continuous investment. When buying in batches, the space and time should be spaced apart. You should not make up for the position several times if it falls by 5% or only one week. At least 10% or more space is required, and two weeks to one month or more time. It is recommended to appropriately reduce the sensitivity to short-term ups and downs, and slowly learn to operate in large cycles.
4. Rebirth Method
Finally, let's talk about the rebirth method. In fact, it is very simple. No matter what the reason for your current position, and no matter whether the account is profitable or loss-making, since the current result has been caused, it means that your previous methods and strategies are problematic. The only way to escape reality is: start over from scratch.
To put it bluntly, sell all the digital currencies in the account, exchange them into stable coins or cash, and then start over according to the various methods above. Every operation must be rationally invested, with methods and strategies, so that there will be no previous baggage.
But this is actually the most difficult thing, which is equivalent to overturning and starting over, saying to yourself that the past operations were all wrong, and admitting your failure.
There is also a second layer of meaning to rebirth. The crypto market cannot have a long-term thinking. Instead, you need to constantly clear your positions at high points or appropriate prices and start over based on the changes in the bull and bear market conditions.
Otherwise, inevitably, you will be limited by historical positions and operations. You are reluctant to stop the loss when you should stop the loss, and you are too greedy when you should take profit. In the end, the money you earn is returned to the market. You only see a continuous flow of real money being invested in the crypto world, but no funds are withdrawn. This is a completely paradoxical market.
Of course, it does not mean that you have to cut your meat and start over when the position is low now, but you must have the consciousness of clearing. When you feel it is appropriate, urgent, or when the market rebounds to the appropriate time, try this operation. After all, it is much easier to travel lightly than to travel with weight.
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