The dumbest method of trading cryptocurrencies allows you to navigate the crypto space as if you're on a cheat mode, all green lights, just because you firmly grasp the following 10 rules: 1. If a strong coin drops continuously for 9 days at a high position, be sure to follow up promptly. 2. If any coin rises continuously for two days, be sure to reduce your position promptly. 3. If any coin rises more than 7%, there is still an opportunity for a high on the next day, continue to observe. 4. For strong bullish coins, wait until the pullback ends before entering. 5. If any coin has three consecutive days of dull fluctuations, observe for another three days; if there is no change, consider switching. 6. If any coin fails to recover the previous day's cost on the next day, exit promptly. 7. If there are three on the rise list, there must be five, and if there are five, there must be seven. Coins that have risen for two consecutive days should be bought at dips; the fifth day is usually a good selling point. 8. Volume and price indicators are crucial; trading volume is considered the soul of the crypto space. When the price breaks through a low level with increased volume, it needs attention; if there is increased volume but stagnation at a high level, exit decisively. 9. Only choose coins that are in an upward trend for trading; this maximizes your chances and won't waste time. A rising three-day line indicates short-term increases; a rising 30-day line indicates medium-term increases; a rising 80-day line indicates a main rising wave; a 120-day moving average with a rising trend indicates long-term increases. 10. In the crypto space, small funds do not mean no opportunity. As long as you master the correct methods, maintain a rational mindset, strictly execute strategies, and patiently wait for opportunities to come.
Once you have experienced the thrill of quick in-and-out trading, you cannot adapt to the slow pace of making money, and eventually, money will still be lost.
A bull market requires new funds to enter; how will funds enter? By telling stories, setting expectations, and discussing the future. The best at hype is Sun Yuchen, one moment he's Buffett's old friend, next he's buying a banana for millions, then he's a prime minister of some country, and then he's the boss of some exchange. The goal is to attract attention to pull his wave; if expectations are not met, his future title will be the richest person in the Chinese community. In terms of strength, Wang Sicong would have to crawl in front of him. After all, Sun Yuchen has more real attracting power and earning potential than Wang Sicong.
Trading and holding cryptocurrencies is currently one of the most profitable ways.
In the crypto space, the only way to turn a few thousand into a million capital is through rolling positions. Once you have 1 million in capital, you will find that your entire life seems different!
Cheng Hao, born after 1995, is my childhood friend. He entered the crypto space at the end of December 2017, and whenever he chats with friends in the crypto space, he always says, "The crypto space is so profitable; I just regret entering late."
Enter at the right timing, and don’t be too anxious to exit. Buy when no one cares, and sell when there’s a crowd. My path to success involved quitting a high-paying job to trade cryptocurrencies full-time, and now I have 51 million in the market, just from interest I earn 50,000 daily.
If you mistakenly choose a regular cryptocurrency exchange, you might fall into traps like Ponzi schemes or be deceived by scam exchanges, ultimately leading to an inability to withdraw your funds. In the global cryptocurrency trading market, Binance and OKEx, with advanced technology and a complete security system, have become leaders in the industry, firmly sitting at the top of the exchange hierarchy. You could hoard a few bucks like in Bitcoin's early days; what if it skyrockets a thousand times? Binance's founder, Zhao Changpeng, has again been awarded the title of the richest Chinese this year.
I am Xiao O, a professional analyst and teacher, a mentor and friend on your investment journey! As an analyst, the most basic thing is to help everyone make money. I will help you resolve confusion and position issues, speaking with strength. When you lose direction and don’t know what to do, follow Xiao O; I will guide you.
