In my 10 years of investing in digital currency, I have genuinely earned 26.5 million. Every penny of this money did not come easily; it hides the lessons and experiences I learned while struggling in the market. Today, I want to share these practical insights with you in the most straightforward way.
Do you often see people playing particularly well in the digital currency space?
In fact, many of the methods they use may seem clumsy, but they are really effective. It's just that this requires us to spend time studying and practicing in real scenarios.
Remember the following practical insights:
First, never follow the crowd and chase high prices. When the market heats up and everyone gets excited, you need to stay calm. When others are panicking, it might be your opportunity. When the price drops, that is the perfect time for you to quietly position yourself and buy at low prices.
Second, investing in digital currency requires flexibility. Don’t throw all your money in at once; you need to adjust based on market changes. The cryptocurrency market changes quickly, so you need to keep up with the rhythm and not let a single position tie you down.
Third, operating with a full position is just asking for trouble. A full position means the risk is too high, and you have no room for maneuver. There are plenty of opportunities in the market; having a full position means you give up all other potentially profitable opportunities.
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Having been in the cryptocurrency space for so many years, when I first entered, I suffered significant losses—liquidations, being stuck in positions, and taking losses; I’ve stepped in every pitfall. Later, I slowly summarized some 'bloody experiences' and today selflessly share them; these are not divine strategies, but practical insights for survival and profit! Want to minimize losses? Remember these points: 1. If the market crashes and a coin doesn’t drop? It means there is a whale supporting it! This coin must not be let go; the main force is protecting it, and the probability of big profits later is extremely high! 2. Don’t mess around while analyzing: For short-term, focus on 15-minute and daily charts; hold if it’s stable, and run if it breaks! For medium-term, only look at the daily chart; don’t play with MACD and RSI every day, it’s too complicated and may lead to misjudgments! 3. Bought a coin that hasn’t moved for 3 days? Cut it and switch to the leading one! Taking losses isn’t scary; dragging it out is! Stop-loss at a 5% loss; efficiency is key! 4. If a coin has dropped for 9 days and is halved? A rebound is coming! This is called 'bottoming out for a rebound'; don’t be afraid of it dropping. Buying at this time means you are catching the first wave of the explosion! 5. Only chase leading coins, don’t touch weak ones! Leading coins rise sharply and are strong against declines. Even if they are expensive, they are the real 'profit coins'! 6. Don’t fantasize about bottom fishing! During a big drop, the bottom is never the bottom; the real 'bottom' can only be known after it has passed. Don’t gamble, wait for signals! 7. Don’t get carried away when you make money! An operation as fierce as a tiger results from a good market, not because you are amazing. Have a strategy to go far; don’t rely on luck in the cryptocurrency space! 8. No opportunities? Stay in cash! Being in cash is part of the rhythm; it’s not cowardice, it’s waiting for the right moment! Protecting your principal is essential for making a comeback! 9. New coins being hyped? Don’t be impulsive! Once the hype is over, they can crash fiercely; without fundamentals, it’s all speculation; be careful of standing guard at high positions! 10. The cryptocurrency market isn’t about trading coins; it’s about trading consensus! What you buy is consensus, expectations, and a future that a group of people believes in! Choose the right circle and direction, and you will be the winner! Brothers, the cryptocurrency world has been like a dream for ten years; many people are trapped in liquidation for a lifetime. If you are still losing and confused, remember this: first learn not to lose, then go after profits.
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 solve confusion and issues, and speak with strength. When you are lost and don’t know what to do, follow Xiao O; I will guide you.