Brother, I am 33 years old, I have been trading cryptocurrencies for 10 years, growing from 10,000 to 10 million. Today, I want to have an honest chat with you about my real experiences.
1. Starting Phase
In 2013, right after I graduated, I made 10,000 by doing Taobao affiliate marketing and faking orders. Back then, Bitcoin was over 8,000, which I thought was too expensive, so I focused on Ethereum, which was only a few dozen dollars. I remember my first purchase of ETH, it was 200 yuan each, and I bought 50.
2. Key Turning Point
During the bull market in 2017, my ETH rose from 8 dollars to 1,400 dollars. At the craziest time, I made 300,000 in one day. But I also experienced the crash in 2018, where my assets shrank by 90%, and I almost wanted to jump off a building.
3. My Trading Rules
Only use spare money for trading, never borrow money
Mainstream coins should account for 70%, altcoins no more than 30%
If it breaks below the 20-day moving average, you must sell
Once you make a profit, take out your original investment and continue trading with the profits
4. That Classic Question
If you profit 30% from BTC and lose 30% from ETH, what should you do?
I’ll tell you the real answer: sell ETH and increase your position in BTC. This decision goes against human nature, but that's the secret to making money. The strong continue to grow stronger, while the weak become weaker.
5. Advice for Newbies
Don't stare at the charts all day, set your stop losses and go to sleep
Dollar-cost average in bear markets, sell in batches in bull markets
Always keep 10% cash
People are more important than anything! If you are still wandering in confusion, you might want to check out @crypto Guang Ge, who will guide you to seize every wave of the bull market
