A fan asked me how to help her husband, who is currently obsessed with trading cryptocurrencies, realize that trading cryptocurrencies cannot lead to wealth.
See if your husband is playing spot or contracts. Those who want to get rich overnight by trading cryptocurrencies are basically losing in this bull market with such a mindset. Chasing high and selling low, if you don't cut him, who will? Short-term trading in cryptocurrencies won't lead to wealth. Tell your husband that he can trade cryptocurrencies. 70% buy Bitcoin, 30% buy Ethereum. Don't buy anything else. Keep investing regularly, buy and hold, then come back in a few years.
Of course, what I mean by regular investment is not right now. Wait for the bear market to invest regularly; don't always think about thousand-fold coins. There are no thousand-fold coins that go up a thousand times in just two days of short trading. The altcoins I bought in January have already yielded several times by now.
After making a hundred-fold profit in the cryptocurrency world, what will you do with this money?
Let's assume you made a hundred million. If you sell U and receive a lot of funds every day without withdrawing, and it reaches 5 million, the bank will call you and visit your home, asking you to buy wealth management products, trusts, and insurance, and to get a VIP gold card. If you sell U on a platform, you will definitely encounter dirty money. The third-level dirty money is not much, frozen for three days, but with that much money in your account, it may be frozen for half a year. If you are dealing with second-level dirty money, it may be frozen for six months or even confiscated. If the amount is not too large, you might be able to settle it with a 10% compensation. If it's too much, you could face serious consequences, including five years without internet access, cards, or loans.
How Small Capital Can Achieve a Great Leap in the Cryptocurrency Circle
Recently, many fans have asked me how to trade with small capital to grow. Many of them must have started with small capital; no one starts with large sums or all their savings to trade cryptocurrencies. Next, I will talk about this knowledge point - rolling positions. How to roll positions: In the cryptocurrency circle, you need to find a way to earn 1,000,000 in capital first, and there is only one path to earn 1,000,000 from a few tens of thousands. That is rolling positions. Once you have 1,000,000 in capital, you will find that your whole life seems different. Even if you don't use leverage, holding onto spot will increase. 20% means you have 200,000, and 200,000 is already the income ceiling for most people in a year.
Why is it becoming increasingly difficult to make money in the cryptocurrency world?
The market manipulators of altcoins Can profit even if they wash the price to negative What do you think? Which legitimate market fluctuates by 10% to 20% with just a needle? Btc can An altcoin can fluctuate by 100% in a day What do you think?
Why do so many people like to trade contracts in the crypto world?
Superficial reason: Because of greed
Deeper reason: Not only do they possess the first point, but they are also both foolish and lazy
Explanation: I am not against contracts; this thing is essentially a financial derivative, a neutral product
What I mean is that many people are greedy, foolish, and lazy. They are foolish because they do not know how to use options, and lazy because they do not take the time to analyze the blockchain, so they only trade contracts
Then, greed comes into play, because if you trade BTC honestly, controlling your position, you won’t have any issues—there's no difference from those trading XAU/Forex
But some people are just greedy, leveraging everything for altcoins
In the crypto market, if you want to make money, there are really only two paths
Either you follow the rules of the crypto world, analyze the fundamentals, and accumulate altcoins in a bear market
Or you treat BTC like a futures contract, just like gold, following the standards of legitimate traders
As a result, a bunch of people dabble in both and become what was described above.
If you are just entering the market, come to me, follow me, and I will teach you to learn while you operate; If you are already in a less-than-ideal situation, you can come to me, and I will help you, ensuring you do not keep making mistakes. If your positions are trapped, I will offer reasonable exit strategies based on your entry points. Because everyone has different entry points when trapped, the solutions will also vary; some are suitable for conservative traders, while others are for aggressive ones. I will definitely use the most appropriate methods to genuinely solve your problems and assist you in exiting.
Why do so many people like to trade contracts in the cryptocurrency market?
Superficial reason: Because of greed
Deeper reason: Not only do they possess the first point, but they are also both foolish and lazy
Explanation: I am not against contracts; this thing is essentially a financial derivative, a neutral product.
What I mean is that many people are greedy, foolish, and lazy. They are foolish because they don't know how to use options, and lazy because they won't become a P trader to analyze the blockchain, so they only trade contracts.
And greed is because if you trade BTC honestly, control your position, you won't have any problems; you are no different from those trading XAU/Forex.
But some people are just greedy, leveraging to the max and going all in on altcoins.
In the cryptocurrency market, if you want to make money, there are only two paths.
Either you follow the rules of the cryptocurrency market, analyze the fundamentals, and accumulate spot altcoins during a bear market.
Or you trade BTC as a futures contract, just like gold, following the standards of a professional trader.
As a result, a group of people dabble in both, becoming what was described above.
If you are just entering the market, come to me, follow me, and I will teach you to learn while you operate; If you are already in the market and it’s not going well, you can come to me, and I will help you. I won't let you make the same mistake again. If your position is trapped, I will provide a reasonable way to break free based on your entry point. Because everyone's trapped point is different, the methods to get out will also vary; some are suitable for conservative traders, while others are for aggressive ones. I will definitely use the most suitable method to genuinely solve your problems and assist you in exiting.
Why do so many people like to trade contracts in the cryptocurrency space?
Surface reason: Because of greed
Deeper reason: Not only do they possess the first point, but they are also both foolish and lazy
Explanation: I am not against contracts; this thing is essentially a financial derivative, a neutral product
What I mean is that many people are greedy, foolish, and lazy. They are foolish because they do not know how to use options, and lazy because they do not want to act like P small players scanning the chain, thus only choosing to trade contracts
Then greed comes in because if you honestly trade BTC, control your position, there would be no issues, and you would be no different from those trading XAU/Forex
However, some people are just greedy, going all in with maximum leverage on altcoins
In the cryptocurrency market, if you want to make money, there are essentially two paths
Either you follow the rules of the cryptocurrency space, analyze the fundamentals, and accumulate altcoins in a bear market
Or you treat BTC as a futures contract, just like gold, according to professional trader standards
As a result, a group of people dabble in both, turning into what was mentioned above.
If you are just entering the market, come to me, follow me, and I will teach you to learn while you operate; If you are already in it and it's not going well, you can come to me, and I will help you. I won't let you repeat mistakes; if your positions are stuck, I will help you find a reasonable way to get out based on your entry point. Because everyone's stuck position is different, the methods to get out will also vary. Some methods are suitable for conservative investors, while others are for aggressive ones. I will definitely use the most suitable methods to genuinely solve your problems and assist you in exiting #美国加征关税 #币安合约将上线JELLYJELLY
Funds below $100,000 are not suitable for buying ETH and BTC because it's indeed impossible to rely on BTC and ETH to turn things around. For amounts above $100,000, you can allocate 10% to BTC and ETH. As your capital increases, for example, reaching $1 million, you can allocate up to 90%, and for amounts above $10 million, you can allocate up to 95%. Each capital stage has different ways to play and paths to survival. Do not blindly learn from anyone. In the stage of $10,000 to $100,000, if the market is bad or exceptionally good, you might try to short contracts and end up stuck halfway. This is because they see hope and want greater success but don't want to waste a downturn. They believe they are trading geniuses or that the direction pointed out by some famous figures regarding Bitcoin is the absolute truth, and then they are caught off guard by unexpected market movements. After a night of sleeplessness, they find themselves close to liquidation but still firmly believe in their chosen direction, continuing to add margin until they have transferred all their spot account funds to the contract account, only to realize they have no way out. They just need to endure this most difficult phase of the market, convinced that all losses will eventually be recovered. They are no longer thinking about making profits but just hoping to break even, anxiously checking the account every few minutes, fearing liquidation. Tense, they just want to smoke a cigarette and drink some water to calm their anxiety, with their back tense. They have been tortured for several nights around their liquidation price, thinking that dawn is near. With bleary eyes, they wake up one day, check their account and see it's okay, not liquidated, get up, relieve themselves, wash their face, still fearing that the position will explode, glancing back at the phone while washing their face, relieved to find it still intact. Just as they close the bathroom door, their phone vibrates three times in their pocket. They hurriedly check their phone, and the screen shows three messages: two prompt for margin calls, and one is a liquidation notice. Their brain goes blank, and they still can't believe it. Reluctantly, they open the app that has kept them awake for nights, only to find it empty—no open orders, just a blank screen. They don't want to accept this reality, slapping their head and grabbing their hair, switching to total assets, and see 0.3u... They smoke a cigarette, check the app again, and still see 0.3u... They open a borrowing app and remember there's still some credit available. They check WeChat and find a micro-loan notification indicating there’s still $15,000 available. Unwilling to accept the situation, they apply but receive a message saying the product is temporarily unavailable. Thinking about the various loans of $26,000 due this month and their monthly salary of $7,000, they lower their head and ask friends and siblings for help, not daring to mention crypto trading, only saying they need a few thousand for renovations. They manage to borrow $30,000 smoothly, thinking that after paying this back, they will be broke again and dive back in. Looking at their account with $5,000, originally with a 10x contract, they believe they can quickly recover their losses and directly open a 20x position, thinking it absolutely cannot go up anymore. After opening the position, they pretend to chat calmly in the group. Suddenly, a Twitter notification pops up: BlackRock has increased its position by 20,000 BTC today. They immediately switch to the app and see a nearly 4% bullish candle. At the same time, their phone vibrates three times again. They know it's too late; everything is over... Countless debt collection messages and phone calls from various loan platforms bombard them, with inquiries from parents asking if they owe a lot of money... Regret, self-blame... They rummage through all their previously used accounts and addresses like a lazy gambler, checking if there are any leftover funds, going through their bank cards to see how much is left. They start making up lies to those around them and begin to deceive... Their once-active presence in the group is no longer there; the person who could speak 800 words a day has vanished, and they no longer comment on the upcoming market. Others even think they made a profit on some coins and are no longer trading crypto. Well, they indeed aren't trading anymore... because they have no money to trade. Years later, after a round of bull and bear markets, they finally catch their breath outside. They have resolved most debts, but still cling to the losses in the crypto space, firmly believing that this is the only place to turn things around. 'I must get back what I lost!' They return... carrying the lessons of past losses, ready to accept the market's baptism anew! Cautious and after many trials, they stand back on the $100,000 mark! They have transformed back into that confident crypto trader boy but still carry an inescapable fear and respect for contracts.
For all retail investors navigating the crypto space: Can trading crypto really make money? Read this and awaken!
Can I make money in the crypto space? If your capital is below 100,000 and you want to stay stable in the crypto space without losing or even make a small profit, there is a simple method that can allow you to keep 'earning.' Don't worry about not being able to learn; I can seize the opportunity, and so can you. Everything in this world cannot escape the 80/20 rule, known as 'eight lose, one break even, one profit.' The financial market, including the crypto space, is the same; 20% of people control 80% of the wealth, those who can trade crypto and make money are ultimately in the minority, while most players are just fodder. If you find yourself in a losing state but are unwilling to accept it and can't find the reason, feeling confused, then rather than engaging in self-inflicted exhaustion, why not first seek the cause? First, clarify several questions and understand the patterns of the crypto space.
CZheep, the Meme token on the Binance Chain, skyrockets, and the popularity of the Ultiverse platform surges
Recently, the cryptocurrency market has become lively again! A Meme token on the Binance Chain, CZheep, suddenly exploded, with prices rising over 500%, catching everyone's attention. At the same time, the Ultiverse platform also gained popularity because CZheep is one of its supported projects. This wave of popularity has significantly increased the attention on Ultiverse, and its token ULTi has also risen by over 10%. Why has CZheep been able to rise so much? First, let's talk about CZheep itself. Meme coins are well-known to everyone; they are tokens that attract attention through memes and fun elements, just like the previous Dogecoin and Shiba Inu. CZheep seems to have captured this entertaining aspect, and with the support of Ultiverse, it suddenly became popular in the market. Moreover, Ultiverse organized a SHEEP RACE event specifically to support such Meme projects, and CZheep just hitched a ride on this wave, causing its price to soar.
So many people in the crypto world have been liquidated, yet why are you still keen on it???
First, leverage is not calculated this way!
See someone saying '5x or 10x leverage is small'? It's a joke with your life! What does the leverage multiplier stated by the platform have to do with you? That's calculating the platform's risk! What you should really care about is: after borrowing money, how many times can your account afford to lose? Remember this lifesaving formula:
The maximum amount of principal used for a single position is 10-20%
The total position should not exceed 2-4 times the principal
At any time, the account can lose a maximum of 20% of the principal (for those with poor psychological endurance, reduce it by half) Second, the essence of contracts is 'risk arbitrage'
Buying coins is fishing, contracts are a boxing ring! Buying coins can be passive, contracts must be active.
There is a person in the crypto community whom some would consider a madman, but he just had better luck, encountering the 519 incident, and treating money with contempt, going all in time and again, creating a crypto legend. Some say he is a genius, averaging 1500 trades a week, trading every 5 minutes except while sleeping, using 60x leverage to turn 1000 yuan into 40 million, creating another miracle in the crypto world. Others say he is a pitiful person, lacking parental love, beaten by his father, and deceived by his brother's girlfriend. Entered the crypto world at 17 and became a legend.
How are those involved in cryptocurrency trading being cut?
1. Seeing everyone around making money, I made a small profit (+20%). 2. Thought making money was too easy, I am the chosen one. (+100%) 3. Started to regret having too low a position, going all in and getting stuck at the top. (-20%) 4. Anxious to get back the principal, various news groups, trading groups, and speculative groups, because of ignorance, being harvested by various IQs, tortured to the point of being unrecognizable. (-50%) 5. Started to feel that contract speculators are all deceivers, began to fall in love with value investing, started to play long-term spot trading. Initially full of confidence, after 2 months, it dropped another 30%, you began to doubt yourself, plus various negative news flying around, you painfully decided to sell first and buy back when it drops further.
First, a summary: Rolling warehouses are high-yield operations, but they also carry extremely high risks, so be cautious. The combination of rolling warehouses (exponential growth) and compound interest model is a high cost-performance strategy. Note that rolling warehouses represent exponential growth, while compound interest is a special manifestation of exponential growth. In summary, effective utilization (unrealized profit) is the core of rolling warehouses and compound interest! If you are interested, you can follow the public account: Chives Burger for daily updates on the latest market trends.
Why do so many people like to play with cryptocurrency?
Sorting out the currency characteristics, future outbreak period, and institutional costs of the top 100 currencies by market value The current market is equivalent to that of 2019. There will be a market during the period of bear to bull market, but it will be difficult. BTC: The next production cut will be in the first half of the year, which is a clear positive market. There is a high probability of a black swan event. Twitter contracts will lose money today. It is better to hold them all the time. The reasonable price is around 20,000. The exact point cannot be judged. The dynamic game will know when the time comes. ETH: The ETH leverage must be cleaned up before the bull market can come. Deflation is not a good thing, it tends to be BTC. The ETH growth in the last bull market will not appear again.
Once a novice in the crypto world masters these iron rules, they will establish themselves in the crypto circle, and their trading career will leap like it's on a cheat code!!!
In this turbulent sea of the crypto world, true experts do not rely solely on technology to dominate; instead, they rely on a profound understanding of market rules and strict adherence to them. These are the six iron rules I have always followed, shared with those fortunate enough to receive them, so that you too can navigate the path of trading coins with ease and manage risks effortlessly! The fluctuations are unpredictable, mindset is king: Don't hastily declare a peak during an uptrend, and don’t assert a bottom during a downtrend. Just like whether Bitcoin can stand at 150,000 USD, the answer can only be revealed when the market is crazy. What you think is the bottom may only be a temporary pause; the true bottom is always unfathomable.
How to quickly turn 10,000 into 1,000,000 in the cryptocurrency world?
Want to make 1,000,000 from 10,000 in the cryptocurrency world? Sounds a bit like a fantasy, right? But actually, it's possible if you choose the right path! Today, let's talk about those tricks in the cryptocurrency world that can help you turn small amounts of money into larger ones. Rolling positions is the 'wealth secret' in the cryptocurrency world. For example, if you have 10,000 yuan, start with a small position of 1,000 yuan. If the market is good and you make a profit, increase your position using the earned money each time. This way, your 10,000 yuan might just become 1,000,000. Rolling positions requires spotting opportunities and not blindly messing around. If the market is not good, don't force it. Remember, the cryptocurrency market needs a bit of luck, but more importantly, patience and strategy.
In the crypto world, if you want to earn 12 million from 10,000, there is only one way. If you want to do it quickly, that is to roll over positions.
The most aggressive method should also be divided into three attempts. In other words, you should at least give yourself three chances. For example, if the total account funds are 200,000, the client allows you to lose up to 20%, which is 40,000, then the most aggressive loss plan I suggest is: the first time 10,000, the second time 10,000, the third time 20,000. I think this loss plan still has a certain rationality. Because if you get it right once in three tries, you can make a profit or continue to survive in the market. Not being kicked out of the market itself is a success and offers a chance to win. 2. Grasp the overall market trend. Trends are much harder to trade than consolidations because trends involve buying high and selling low, requiring patience in holding positions, while buying low and selling high is more aligned with human nature. Trading is more profitable when it goes against human nature because it is difficult. In an upward trend, any violent pullback should be viewed as an opportunity to buy, do you remember what I said about probabilities? So, if you are not on the bus or have gotten off, patiently wait for a 10-20% drop and boldly go long.