8 years! A full 8 years! I struggled in the crucible of the crypto world, burning not just savings, but my soul! My hopes! In the first three years, my account collapsed like a dam eaten away by pests, crumbling over 100 times right in front of my eyes! Those sleepless nights, those ground teeth, those heart-wrenching screams in front of trading records… all became scars on my heart.
In the last four years, the market became my ATM! Hundreds of coins easily brought in profits. Don't talk about luck; this market recognizes only two points: deep understanding and strict discipline!
The truth of the crypto world:
90% of newcomers chase news and hot topics, ultimately becoming fodder for the big players! 9% of 'smart people' focus on the big players and see the big trades, but they are also prey! Only 1% of experts do not watch others, only watch the 'daily moving averages', and can see through the ever-changing market!
Step 1: Understand the 'character' of the daily moving average.
The 5-day line acts like an emergency doctor, reacting quickly;
The 30-day line is like an internist, looking closely;
The 60-day line is like an experienced expert, steady and fierce.
The 5-day line crossing above the 30-day and 60-day lines may indicate a market improvement;
If the 5-day line breaks below them, the market will be bad; hurry and run.
Step 2: The trading system manages emotions, remember this phrase
On the edge of the screen, write in red: 'When the moving averages are tangled, nobody touch!'
When the 5-day and 30-day lines are tangled, the market is in chaos; it's a trap, don't enter!
Wait for three lines to move in one direction; that's a good opportunity to act!
The crazier the market, the simpler the strategy: Buy when the 5-day line breaks out, sell when the 60-day line turns, quick and precise!
Step 3: Discipline is the lifeline, let's look at an example
Don't write plans on tissue paper; if the market changes, it will be useless.
Key to moving average play: Following the rules is more important than judgment, like a robot listening to signals.
True story: Someone made steady profits using daily moving averages for three years, received a reminder of the 5-day line breaking on their wedding day, went to the bathroom to close their position, and only then changed their ring. The bride got mad, but seeing the account balance, bought him a nice computer.
Want to make money in the crypto world?
Don't be reckless, don't fantasize!
Either trade honestly according to the moving averages, or trade calmly;
Either wait to be eaten by the market!
The market specializes in not complying.
I never imagined that in just a few years, my life would undergo a dramatic change because of digital currency.
In 2017, with a trial-and-error mindset, I bought my first Bitcoin with 1,000 yuan. At that time, the price of Bitcoin was still hovering around a few thousand yuan, and I didn’t even expect it to rise much. However, within just a few months, the price of Bitcoin soared, and my 1,000 yuan turned into tens of thousands.
Having tasted the sweetness, I began to delve into blockchain and digital currencies, gradually investing in mainstream coins like Ethereum and Litecoin. I learned to read candlestick charts, analyze market trends, and even participated in some early project private placements.
In 2018, the crypto world welcomed a bull market, and my assets also soared. I seized the opportunity, decisively cashed out some digital currencies, and bought my first house in the city center.
Of course, the crypto world is not always smooth sailing. The bear market in 2019 caused me significant losses, but I did not give up; instead, I chose to continue learning and accumulating. I firmly believe that blockchain technology is the future trend, and the value of digital currencies will eventually return.
In 2020, the rise of DeFi (Decentralized Finance) reignited the enthusiasm in the crypto world. I keenly captured this trend and actively participated in liquidity mining and staking, reaping substantial rewards.
Now, I have achieved financial freedom, but I still maintain my love and exploration of blockchain technology. I know that the crypto world is full of opportunities but also harbors risks. Only by continuously learning and maintaining rationality can one navigate the turbulent seas of cryptocurrency.
My experience sharing:
Learning is fundamental: Understanding blockchain technology, the principles of digital currencies, and market trends is the prerequisite for investment.
Rational investment: Don’t blindly follow trends; invest according to your own risk tolerance.
Diversify investments: Don't bet all your funds on one project; diversifying investments can reduce risk.
Long-term holding: The digital currency market is highly volatile; long-term holding of quality assets is more likely to yield substantial returns.
Stay calm: Don't let market emotions control you; maintaining a calm mind is essential for making correct decisions.
The stories of becoming rich in the crypto world are indeed enviable, but the risks and sacrifices behind them cannot be ignored.
Three key points to make money in the crypto world
If you don't have luck, don't have a benefactor, and aren't particularly smart, making money in the crypto world usually takes three cycles.
The first cycle.
You are usually attracted by the news of others becoming rich around you or online. If you are a conservative person, you might buy a little to try; if you are risk-seeking, you might buy a lot, even take loans to go all in.
At this point, almost every day is a big rise, you're ambitious, unaware of the risks, only feeling that the future is full of hope, with the scent of money blowing all around. What is a washout? What is running away? What is a crash? You know nothing, completely unaware of the cruelty of this market.
Thinking to myself, so this is so profitable; if I had known, I would have sold my car and house, and not have worked at all.
You are extremely excited every day, losing interest in everything else. You also lack patience, seeing coins whether your eyes are open or closed.
Soon, the bear market arrived, with the market dropping at a rate of 10%-30% daily, and you believed it would rebound. In the end, you lost all your principal.
The second cycle.
Those who remain after the first cycle and still choose to enter the crypto world during the second cycle are persistent and extremely eager for wealth.
I experienced the peak of a hopeful bull market, the despair of a bear market, and the ups and downs of a sideways recovery period.
During the sideways and down days, your patience has been worn down to almost nothing.
You start asking around for news; some profit, some lose, and you only hear about others' stories of becoming rich.
You start to fantasize about buying here and selling at a high point, then buying back again; you start to develop a segmented thinking approach.
You are sure that a bull market exists, but you just don’t know when it will come.
If you plan to adjust your strategy, earn as much as you can.
The primary principle: Do not get entangled in holding periods, but keenly capture signals of market tops.
Secondly, a warning: When the value of currencies is rising, if greed takes over and you hesitate to cash out at high levels, you often miss the best exit opportunity, leading to regrets.
Let's talk about wisdom again: timely profit-taking to protect the fruits of victory requires not only sharp insight but also unwavering patience.
Beware of signals: When 'blockchain' becomes a hot topic on the streets, it may be the best time to reduce positions and exit.
Final reflection: Greed is the enemy of all investors. In the face of soaring markets, there are always those who regret not positioning themselves at low levels or not increasing their holdings sufficiently.
The true market manipulators cleverly take advantage of this chasing mentality, raising prices and quietly cashing out afterwards.
Small capital, big wisdom: Not much capital? No problem! Catch the main upward wave once a year, don't be greedy and go all in, keep enough cash for emergencies. Remember, the safety of your principal is the way to go!
Cognitive upgrade brings wealth: Awareness determines your wealth ceiling. Practice with simulated accounts, but real combat is the true skill. Start with small capital, learn while earning, and enhance both your awareness and abilities!
Take profits on good news, know when to stop: Major positive news coming? Don't hesitate; if you haven’t sold on the same day, decisively sell the next day if it opens higher! The market has heavy selling pressure, and short-term trading must remember not to be greedy!
Holiday risk aversion, stability first: With holidays approaching, reduce positions or go to cash in advance to avoid uncertain risks. Historical data tells you that stable investment is the way to go!
Medium to long-term strategy: Rolling operations: For medium to long-term investments, keeping enough cash is key. When the market rises to sell, buy back when it falls, rolling operations reduce costs and maintain flexibility!
Short-term trading: Active coins are king: For short-term trading, choose active coins! Increased trading volume and significant price fluctuations bring many opportunities. Inactive coins? Don’t even touch them!
Downward rebounds, timing is key: Slow declines lead to slow rebounds, and fast declines lead to fast rebounds. Master this rule, and you'll have the upper hand in bottom fishing and peak escaping!
Stop-loss is gold, protect your principal: Bought wrong? Accept it! Timely stop-loss is key. There are many opportunities in the market; keeping your principal safe is essential for long-term profits!
Short-term trading tool: 15-minute candlestick and KDJ: essential for short-term traders! The 15-minute candlestick chart combined with the KDJ indicator makes overbought and oversold signals clear. Don't forget to combine with other indicators for more precision!