宋富贵的炒币日记
公众号：宋宋富贵
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The real bull market will begin to rise in February 2025.
The important indicator of a bull market is trading volume; in early October 2024, trading volume reached 3 trillion, a historical high, with the main force targeting long-term gains. Foreign stock markets have repeatedly hit new highs in recent years, while the Chinese stock market has sharply declined, which is highly abnormal; the main force is brewing a big bull market.
As someone who has experienced three rounds of bull and bear markets, I share the most foolish operation in a bull market:
1. Stay in cash and wait for a sharp decline; there are more opportunities in a bull market, and staying in cash should look for speculation and hot ideas; otherwise, it’s hard to get back in.
2. After missing out, shorting at highs and fearing heights.
3. Without a plan, chasing highs and frequently changing sectors leads to nothing.
4. Frequent short-term trading is not as good as focusing on the target, taking positions in batches for the long term, and understanding the project's fundamentals.
As someone who has experienced three rounds of bull and bear markets, I share the most foolish operation in a bull market:
1. Stay in cash and wait for a sharp decline; there are more opportunities in a bull market, and staying in cash should look for speculation and hot ideas; otherwise, it’s hard to get back in.
2. After missing out, shorting at highs and fearing heights.
3. Without a plan, chasing highs and frequently changing sectors leads to nothing.
4. Frequent short-term trading is not as good as focusing on the target, taking positions in batches for the long term, and understanding the project's fundamentals.
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I am an old hand in the cryptocurrency circle since 2015, having experienced many ups and downs. The baptism of several bull and bear markets has allowed me to witness the craziness and turbulence of the crypto world. Achieving an asset height of A8 was undoubtedly a remarkable accomplishment, but during the sharp drops on March 12 and May 19 in 2021, my assets shrank by 80% like a storm, which was undoubtedly a heavy blow to me.
However, setbacks did not crush me. After going through these bloody lessons, I chose to move forward steadily, taking careful steps to win and solidly build my foundation. Years of struggles have allowed me to accumulate solid professional knowledge and rich industry experience. I am skilled at in-depth analysis of market dynamics, able to accurately grasp trend directions. With a rigorous attitude and keen insight, I provide valuable analysis and advice for myself and others.
In the uncertain cryptocurrency world, perseverance and growth are admirable. My story also serves as a warning bell for everyone; investment requires caution. In this circle, you not only need excellent luck but also strong capabilities and exceptional wisdom to cope with various risks.
On February 15, 2025, I will make my comeback! With a principal of $250,000, I will continue to take on challenges! The goal is a tenfold return focusing on spot trading! This post serves as proof, and if there is any falsehood, I will not be held accountable. Everyone is welcome to supervise!
However, setbacks did not crush me. After going through these bloody lessons, I chose to move forward steadily, taking careful steps to win and solidly build my foundation. Years of struggles have allowed me to accumulate solid professional knowledge and rich industry experience. I am skilled at in-depth analysis of market dynamics, able to accurately grasp trend directions. With a rigorous attitude and keen insight, I provide valuable analysis and advice for myself and others.
In the uncertain cryptocurrency world, perseverance and growth are admirable. My story also serves as a warning bell for everyone; investment requires caution. In this circle, you not only need excellent luck but also strong capabilities and exceptional wisdom to cope with various risks.
On February 15, 2025, I will make my comeback! With a principal of $250,000, I will continue to take on challenges! The goal is a tenfold return focusing on spot trading! This post serves as proof, and if there is any falsehood, I will not be held accountable. Everyone is welcome to supervise!
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How to quickly appreciate several tens of thousands in the cryptocurrency market.
Once you have a capital of one million, you will find that the goals in your life become much clearer. Even without using leverage, a 20% increase in the spot market can earn you 200,000, which is already the income limit for most people in a year. Moreover, when you can grow from tens of thousands to one million, you have already grasped some thoughts and logic for making big money, and your mindset will become more stable. Next, it's about continuously replicating these successful experiences.
Don't always aim for goals in the millions or even billions; start from your actual situation. Bragging will only make you uncomfortable. The core of trading lies in identifying the size of opportunities; you cannot always hold light positions or heavy positions. You can play with small positions in the meantime, and when a real big opportunity comes, you can go all in.
Don't always aim for goals in the millions or even billions; start from your actual situation. Bragging will only make you uncomfortable. The core of trading lies in identifying the size of opportunities; you cannot always hold light positions or heavy positions. You can play with small positions in the meantime, and when a real big opportunity comes, you can go all in.
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Do you really understand the role of leverage in crypto contracts?
In the crypto market, the relationship between leverage multiple and liquidation is a hard-core issue; you cannot simply say 'how many times won't lead to liquidation' because it depends on your capital amount, position management, market volatility, and stop-loss strategy. However, I can help you break it down so you can calculate the suitable multiple yourself, to avoid the pitfalls of liquidation.
Core logic: Leverage, position, and volatility
Leverage multiple
The higher the leverage, the more money you borrow, the lower your margin ratio, and the worse your ability to withstand volatility. For example:
- 10x leverage: You only use 10% of your capital, and if the price drops by 10%, you will be liquidated.
Core logic: Leverage, position, and volatility
Leverage multiple
The higher the leverage, the more money you borrow, the lower your margin ratio, and the worse your ability to withstand volatility. For example:
- 10x leverage: You only use 10% of your capital, and if the price drops by 10%, you will be liquidated.
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About Trump's Return to the White House for His First Congressional Speech
Will this old man's speech cause a stir in the cryptocurrency world?
Everyone is welcome to share their opinions in the comments!
#特朗普国会演讲 #白宫首届加密货币峰会
Will this old man's speech cause a stir in the cryptocurrency world?
Everyone is welcome to share their opinions in the comments!
#特朗普国会演讲 #白宫首届加密货币峰会
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The Secret to 10x Returns: Efficient Methods for Trading Coins to Easily Double Your Investment!
In crypto investing, mastering low-priced chips and maintaining a steady investment strategy is crucial. Do not easily be swayed by short-term market fluctuations, as low-priced chips are hard to come by and should never be easily given up. Stay calm and firm in your beliefs, avoiding disruptions from various strategies of market manipulators such as wash trading and price suppression. Chasing highs and selling lows, as well as going all-in, are usually major taboos.
If the market trend is positive, building positions gradually when prices fall is more effective for risk control and incurs lower costs, resulting in greater profit potential. The key lies in reasonably distributing profits to release the maximum potential of funds, rather than blindly increasing positions. When prices surge rapidly, lock in some profits to seek stability; when the market drops sharply, do not rush to withdraw funds, keep the main positions, and maintain a stable mindset. Avoid speculative shortcuts, do not overly pursue quick profits, do not fear market changes, and always maintain a steady investment mindset to avoid operational errors.
If the market trend is positive, building positions gradually when prices fall is more effective for risk control and incurs lower costs, resulting in greater profit potential. The key lies in reasonably distributing profits to release the maximum potential of funds, rather than blindly increasing positions. When prices surge rapidly, lock in some profits to seek stability; when the market drops sharply, do not rush to withdraw funds, keep the main positions, and maintain a stable mindset. Avoid speculative shortcuts, do not overly pursue quick profits, do not fear market changes, and always maintain a steady investment mindset to avoid operational errors.
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Can ordinary people really turn their lives around by trading cryptocurrencies?
Let me start with myself. I am an old veteran who came from a rural background and accidentally entered the cryptocurrency world as an ordinary person. I have now reached an asset level equivalent to A8, achieving a certain degree of financial freedom. If I had not entered the cryptocurrency space, I might have relied solely on my parents' hard-earned savings to buy a small house and get married, living on a monthly salary of less than 10,000 RMB to barely make ends meet. Now, I can easily withdraw millions from my account and live a relatively comfortable life.
Staying in the cryptocurrency world for a long time is like entering a unique world of wealth, where people's money-making ideas seem to come from different dimensions compared to the outside world. Some people can earn $30 in just five minutes by following trades, equivalent to over 200 RMB. If calculated at this frequency, one could easily earn over 6,000 RMB in a month, which is the equivalent of a month’s hard work for many office workers.
Staying in the cryptocurrency world for a long time is like entering a unique world of wealth, where people's money-making ideas seem to come from different dimensions compared to the outside world. Some people can earn $30 in just five minutes by following trades, equivalent to over 200 RMB. If calculated at this frequency, one could easily earn over 6,000 RMB in a month, which is the equivalent of a month’s hard work for many office workers.
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When trading cryptocurrencies, always control your greed and keep the following advice in mind.
First rule: The purpose of averaging down
When you are stuck in a position, the main purpose of averaging down is to reduce losses, not to expect to make a lot of money from a market rebound. If you only think about turning around through a rebound, it may lead you into greater trouble. Averaging down is meant to lower your average cost, making it easier to break even when the market improves, not to pursue high returns.
Second rule: Beware of the volatility behind calmness
A seemingly calm market often hides significant volatility risks. Do not be deceived by temporary stability; the market can change at any moment. Remember, after a big rise, there is usually a pullback, and you should be especially cautious when K-line forms a triangle pattern. A significant rise will inevitably lead to a pullback, so be careful not to get stuck at high levels.
When you are stuck in a position, the main purpose of averaging down is to reduce losses, not to expect to make a lot of money from a market rebound. If you only think about turning around through a rebound, it may lead you into greater trouble. Averaging down is meant to lower your average cost, making it easier to break even when the market improves, not to pursue high returns.
Second rule: Beware of the volatility behind calmness
A seemingly calm market often hides significant volatility risks. Do not be deceived by temporary stability; the market can change at any moment. Remember, after a big rise, there is usually a pullback, and you should be especially cautious when K-line forms a triangle pattern. A significant rise will inevitably lead to a pullback, so be careful not to get stuck at high levels.
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If you are considering entering the cryptocurrency market to trade, taking a few minutes to read this carefully might be helpful for you, and it could even prevent some significant losses.
To survive and thrive in the trading market, you need to invest time and effort into learning. Mastering the basics, analyzing market news, and understanding technical indicators are essential steps. Failing to conduct thorough research and reasonable financial planning will ultimately lead to capital loss. Many retail investors enter the market with high hopes, only to leave disappointed.
Some technical indicators remain popular over time because they do indeed have their value. For example, MACD divergence, KDJ overbought/oversold conditions, and support and resistance levels can provide a certain sense of direction, even though they cannot guarantee profits.
In the cryptocurrency market, the key to growing wealth from a small starting capital lies in the "rolling position" strategy. Suppose you have a capital of 1 million; once the spot price rises by 20%, your profit would be 200,000, which is already the annual income for many people.
Do not always think about making tens of millions or even hundreds of millions; start from reality. Learn to assess the size of opportunities; do not always trade lightly nor heavily. You can use small positions to test the market and go all in when a big opportunity arises.
The "rolling position" strategy should only be used in specific situations, and succeeding a few times in your lifetime is enough. Here are situations suitable for using the rolling position strategy:
After a long period of sideways movement, volatility drops to a new low, and the market is about to choose a direction.
In a bull market, after a significant price increase, a pullback may present an opportunity to buy the dip.
When a major resistance or support level on a weekly chart is broken.
Other opportunities should be abandoned outside of these situations. So how do you specifically operate the rolling position strategy?
Adding to positions with unrealized gains: When you have already made a certain profit, you can consider buying again to increase your position, but you must ensure that the cost decreases and the risk subsequently reduces. Do not blindly add to positions just because you see a profit; find the right timing.
Base position + trading the rolling position: Divide the capital into several parts, keeping one part as the base position untouched, while the remaining part is used for buying high and selling low. How to allocate this depends on personal preference and capital amount.
To survive and thrive in the trading market, you need to invest time and effort into learning. Mastering the basics, analyzing market news, and understanding technical indicators are essential steps. Failing to conduct thorough research and reasonable financial planning will ultimately lead to capital loss. Many retail investors enter the market with high hopes, only to leave disappointed.
Some technical indicators remain popular over time because they do indeed have their value. For example, MACD divergence, KDJ overbought/oversold conditions, and support and resistance levels can provide a certain sense of direction, even though they cannot guarantee profits.
In the cryptocurrency market, the key to growing wealth from a small starting capital lies in the "rolling position" strategy. Suppose you have a capital of 1 million; once the spot price rises by 20%, your profit would be 200,000, which is already the annual income for many people.
Do not always think about making tens of millions or even hundreds of millions; start from reality. Learn to assess the size of opportunities; do not always trade lightly nor heavily. You can use small positions to test the market and go all in when a big opportunity arises.
The "rolling position" strategy should only be used in specific situations, and succeeding a few times in your lifetime is enough. Here are situations suitable for using the rolling position strategy:
After a long period of sideways movement, volatility drops to a new low, and the market is about to choose a direction.
In a bull market, after a significant price increase, a pullback may present an opportunity to buy the dip.
When a major resistance or support level on a weekly chart is broken.
Other opportunities should be abandoned outside of these situations. So how do you specifically operate the rolling position strategy?
Adding to positions with unrealized gains: When you have already made a certain profit, you can consider buying again to increase your position, but you must ensure that the cost decreases and the risk subsequently reduces. Do not blindly add to positions just because you see a profit; find the right timing.
Base position + trading the rolling position: Divide the capital into several parts, keeping one part as the base position untouched, while the remaining part is used for buying high and selling low. How to allocate this depends on personal preference and capital amount.
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In the cryptocurrency world, you may encounter miracles where assets appreciate dozens of times overnight, or you might suddenly find yourself with nothing. For those who trade contracts, this is undoubtedly a heart-pounding game, as thrilling as riding a roller coaster.
Have you ever experienced consecutive losses? Or felt frustrated and regretful about your decisions due to frequent liquidations? You yearn to recover losses, only to find yourself sinking deeper. Time and again, you fantasize about success, but reality is often disappointing. In fact, these experiences are all part of a trader's growth journey.
Some choose to give up along the way, while others lose all their capital, and very few truly persevere and gain insight. However, persistence without deep understanding seems to hold little significance. By studying various tutorials and analyzing traders' experiences and failure cases, here are some summarized suggestions that may help you:
1. **Emotional Management**: This does not mean you should not feel any emotions, but rather to establish a positive mindset system. Believe that the difficulties you face are only temporary, and remain calm during losses, analyzing and operating rationally.
2. **Comprehensive Trading System**: Trading is not gambling, but it does involve probabilities. You need to develop a set of trading rules based on your situation, covering indicator analysis, position control, and profit-taking and stop-loss strategies to guide your investment behavior and avoid blind operations.
3. **Capital Management**: Always remember, "As long as the green mountains remain, one need not worry about firewood." Do not approach trading with an all-in mentality; it is extremely dangerous. Plan your funds reasonably to ensure that even in the event of consecutive losses, you have a chance to recover.
4. **Technical Analysis**: If you lack basic technical knowledge, entering the market rashly is a risk. Understanding some basic technical indicators such as naked candlestick patterns, Bollinger Bands, moving averages, etc., is very important. At the same time, learn how to simplify complex indicators to find the analysis method that suits you best.
I hope these suggestions can help you navigate your investment journey in the cryptocurrency world more steadily. #币安HODLer空投GPS #美国加征关税 #加密市场回调
Have you ever experienced consecutive losses? Or felt frustrated and regretful about your decisions due to frequent liquidations? You yearn to recover losses, only to find yourself sinking deeper. Time and again, you fantasize about success, but reality is often disappointing. In fact, these experiences are all part of a trader's growth journey.
Some choose to give up along the way, while others lose all their capital, and very few truly persevere and gain insight. However, persistence without deep understanding seems to hold little significance. By studying various tutorials and analyzing traders' experiences and failure cases, here are some summarized suggestions that may help you:
1. **Emotional Management**: This does not mean you should not feel any emotions, but rather to establish a positive mindset system. Believe that the difficulties you face are only temporary, and remain calm during losses, analyzing and operating rationally.
2. **Comprehensive Trading System**: Trading is not gambling, but it does involve probabilities. You need to develop a set of trading rules based on your situation, covering indicator analysis, position control, and profit-taking and stop-loss strategies to guide your investment behavior and avoid blind operations.
3. **Capital Management**: Always remember, "As long as the green mountains remain, one need not worry about firewood." Do not approach trading with an all-in mentality; it is extremely dangerous. Plan your funds reasonably to ensure that even in the event of consecutive losses, you have a chance to recover.
4. **Technical Analysis**: If you lack basic technical knowledge, entering the market rashly is a risk. Understanding some basic technical indicators such as naked candlestick patterns, Bollinger Bands, moving averages, etc., is very important. At the same time, learn how to simplify complex indicators to find the analysis method that suits you best.
I hope these suggestions can help you navigate your investment journey in the cryptocurrency world more steadily. #币安HODLer空投GPS #美国加征关税 #加密市场回调
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Will the value of Bitcoin decline further?
Bitcoin's ongoing recovery appears closely tied to the trends in tech stocks, particularly the Nasdaq. Insights from Ecoinometrics emphasize that movements in the Nasdaq can significantly impact Bitcoin's pricing. Analysts point out that the technical patterns developing within the Nasdaq play a critical role in shaping how market participants assess risks in the cryptocurrency space.
What does the Nasdaq double top signify?
The emergence of the Nasdaq's 'double top' pattern has drawn significant attention from traders. This pattern is widely regarded as a major indicator in technical analysis, often signaling a potential reversal in an upward market trend. Historical trends indicate that this pattern may lead to a notable market decline.
What does the Nasdaq double top signify?
The emergence of the Nasdaq's 'double top' pattern has drawn significant attention from traders. This pattern is widely regarded as a major indicator in technical analysis, often signaling a potential reversal in an upward market trend. Historical trends indicate that this pattern may lead to a notable market decline.
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A trading method for cryptocurrencies that you can use right away, super simple, with a profit of 50,000 dollars on one trade!
If you are looking for a simple and effective method for trading cryptocurrencies, this strategy might be perfect for you! Just pay attention to a few key indicators, and you can easily seize opportunities to achieve profits. Here are the specific steps:
Step 1: Select cryptocurrencies
Open the candlestick chart and switch to daily level.
Use the MACD indicator to look for cryptocurrencies that have a golden cross.
Prioritize cryptocurrencies where the MACD golden cross appears above the 0 axis; this signal is stronger and more effective.
Step 2: Confirm the trend
Switch to daily level and look at only one moving average: the daily moving average.
Hold above the line: If the cryptocurrency price is above the daily moving average, it indicates an upward trend, and you can hold.
Sell below the line: If the cryptocurrency price falls below the daily moving average, it indicates a possible trend reversal, and you need to sell.
Step 3: Timing for buying
When the cryptocurrency price breaks above the daily moving average, and the trading volume is also above the daily moving average, decisively buy with all available funds.
The coordination of trading volume is very important, indicating that the market has enough momentum to push prices up.
Step 4: Selling strategy
Selling is divided into three details to gradually lock in profits:
When the price increases by more than 40%, sell 1/3 of the position to lock in some profits.
When the price increase exceeds 80%, sell another 1/3 of the position to further reduce risk.
If the cryptocurrency price falls below the daily moving average, completely liquidate the position and exit the market.
Step 5: Risk control
If the price unexpectedly falls below the daily moving average the next day after buying, you must sell everything; do not hold onto any false hopes!
Although the probability of falling is low when selecting cryptocurrencies through this method, risk awareness is essential.
After selling, if the cryptocurrency price rises back above the daily moving average, you can buy again and continue following the trend.
Summary
The core of this method is simple, direct, and easy to operate, suitable for both beginners and experienced investors. By combining the MACD golden cross with the daily moving average, you can effectively capture trends, while maximizing profits and controlling risks through gradual selling and strict stop-loss measures.
Remember:
Strictly execute the strategy; do not be swayed by emotions.
Risk control is always the top priority; preserving your capital is essential for sustained profits.
Try this method; perhaps you will be the next one to profit 50,000 dollars!
If you are looking for a simple and effective method for trading cryptocurrencies, this strategy might be perfect for you! Just pay attention to a few key indicators, and you can easily seize opportunities to achieve profits. Here are the specific steps:
Step 1: Select cryptocurrencies
Open the candlestick chart and switch to daily level.
Use the MACD indicator to look for cryptocurrencies that have a golden cross.
Prioritize cryptocurrencies where the MACD golden cross appears above the 0 axis; this signal is stronger and more effective.
Step 2: Confirm the trend
Switch to daily level and look at only one moving average: the daily moving average.
Hold above the line: If the cryptocurrency price is above the daily moving average, it indicates an upward trend, and you can hold.
Sell below the line: If the cryptocurrency price falls below the daily moving average, it indicates a possible trend reversal, and you need to sell.
Step 3: Timing for buying
When the cryptocurrency price breaks above the daily moving average, and the trading volume is also above the daily moving average, decisively buy with all available funds.
The coordination of trading volume is very important, indicating that the market has enough momentum to push prices up.
Step 4: Selling strategy
Selling is divided into three details to gradually lock in profits:
When the price increases by more than 40%, sell 1/3 of the position to lock in some profits.
When the price increase exceeds 80%, sell another 1/3 of the position to further reduce risk.
If the cryptocurrency price falls below the daily moving average, completely liquidate the position and exit the market.
Step 5: Risk control
If the price unexpectedly falls below the daily moving average the next day after buying, you must sell everything; do not hold onto any false hopes!
Although the probability of falling is low when selecting cryptocurrencies through this method, risk awareness is essential.
After selling, if the cryptocurrency price rises back above the daily moving average, you can buy again and continue following the trend.
Summary
The core of this method is simple, direct, and easy to operate, suitable for both beginners and experienced investors. By combining the MACD golden cross with the daily moving average, you can effectively capture trends, while maximizing profits and controlling risks through gradual selling and strict stop-loss measures.
Remember:
Strictly execute the strategy; do not be swayed by emotions.
Risk control is always the top priority; preserving your capital is essential for sustained profits.
Try this method; perhaps you will be the next one to profit 50,000 dollars!
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The U.S. Refuses to Return China's Gold, Beijing Strikes Back! Will the Global Financial Market Erupt in Tremors!
On March 3, 2025, a turmoil sparked by gold erupted like a heavy bomb dropped into the global financial market, disturbing the entire world. Over in the United States, they suddenly pulled out the absurd excuse of 'national security,' refusing to return the hundreds of tons of gold stored in their vaults by China. It is worth noting that China initially stored a large amount of gold in the U.S. for the sake of convenient international transactions and also valued their storage capabilities. Who could have imagined that the U.S. would resort to such rogue tactics?
Naturally, Beijing would not sit idly by and quickly and firmly retaliated. One of their moves was a large-scale sale of U.S. Treasury bonds, which hit the U.S. economy and the dollar system like a hard punch, pressing the U.S. to make concessions on the gold issue. This action directly threw the global financial market into a chaotic whirlpool.
Naturally, Beijing would not sit idly by and quickly and firmly retaliated. One of their moves was a large-scale sale of U.S. Treasury bonds, which hit the U.S. economy and the dollar system like a hard punch, pressing the U.S. to make concessions on the gold issue. This action directly threw the global financial market into a chaotic whirlpool.
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Why do you always buy at the wrong time? Please read carefully.
In the cryptocurrency world, many people have had such a miserable experience: full of expectations to enter the market, only to find themselves trapped right after buying, as if there are traps hidden everywhere, making it hard to defend against. But is the cryptocurrency market really as full of 'pits' as it seems? In reality, the true root lies in those 'pits' deep within your heart.
The reason you are deeply trapped and deceived is not because the cryptocurrency market is filled with malice, but because your own thoughts of seeking cheap deals, desiring to get rich overnight, being keen on speculation and shortcuts, always wanting to take the easy way out, and being lazy to think deeply have filled your mental space to the brim. Imagine if you could resolutely decide to use reason and action to completely fill these 'pits' in your thinking, who could easily take away your cryptocurrency, and who could steal your private keys from your mind?
The reason you are deeply trapped and deceived is not because the cryptocurrency market is filled with malice, but because your own thoughts of seeking cheap deals, desiring to get rich overnight, being keen on speculation and shortcuts, always wanting to take the easy way out, and being lazy to think deeply have filled your mental space to the brim. Imagine if you could resolutely decide to use reason and action to completely fill these 'pits' in your thinking, who could easily take away your cryptocurrency, and who could steal your private keys from your mind?
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How to earn your first million in the cryptocurrency world with just a few thousand.
In the cryptocurrency world, if you only have several thousand yuan but are eagerly hoping to earn 1 million in capital, to be honest, rolling positions is basically the only way to go. Once you really have 1 million in capital, that feeling is like opening the door to a new world, and your entire life will be different. For example, in spot trading, if you don't use leverage and the price rises by 20%, that means a gain of 200,000. This amount is something many people work hard for an entire year and still can't earn; it's a guaranteed income ceiling.
Moreover, when you can turn several tens of thousands into 1 million, what does that indicate? It means you have touched upon some ways to make big money, grasped the underlying thoughts and logic, and your mindset will also stabilize. Going forward, you can just replicate the successful experiences from before. Never start off with high ambitions, fantasizing about making tens of millions or even billions overnight, as that is too unrealistic. In the cryptocurrency trading world, you need to have sharp eyes to identify the size of opportunities. You cannot always trade lightly and miss good chances to make money; nor can you frequently trade heavily, putting yourself in a dangerous position. During normal times, use small positions to practice and get a feel for things, and once a big opportunity arises, strike with full force.
Moreover, when you can turn several tens of thousands into 1 million, what does that indicate? It means you have touched upon some ways to make big money, grasped the underlying thoughts and logic, and your mindset will also stabilize. Going forward, you can just replicate the successful experiences from before. Never start off with high ambitions, fantasizing about making tens of millions or even billions overnight, as that is too unrealistic. In the cryptocurrency trading world, you need to have sharp eyes to identify the size of opportunities. You cannot always trade lightly and miss good chances to make money; nor can you frequently trade heavily, putting yourself in a dangerous position. During normal times, use small positions to practice and get a feel for things, and once a big opportunity arises, strike with full force.
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Yesterday on the financial channel, WiF, I treated all the richest fans in the village to some big meat, nearly 13 points were secured. I am very happy to be able to help my fans. I would also like to tell other fans here, as long as you are my fan, support me, and trust me, that is enough. I appreciate your goodwill, and nothing else is needed!!!#美国加密战略储备 #BNBChainMeme热潮
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Musk's statement: The risks of Meme coins are too high, what does everyone think?
Don't you think Elon Musk is quite amusing? Recently, he mentioned on Joe Rogan's podcast that you should never invest all your savings into Meme coins, claiming the risks are too high. Hey, as soon as he said this, the cryptocurrency community immediately erupted.
You have to know that Dogecoin, as the representative of Meme coins, was single-handedly made famous by Musk. Back then, he shouted, 'Dogecoin is the people's cryptocurrency,' and wow, the price of Dogecoin skyrocketed from a few cents to $0.73. But then, when he appeared on SNL, he suddenly said that Dogecoin was a scam, and just like that, the price of Dogecoin collapsed. Now he’s acting all rational again, which is really puzzling and makes one wonder.
You have to know that Dogecoin, as the representative of Meme coins, was single-handedly made famous by Musk. Back then, he shouted, 'Dogecoin is the people's cryptocurrency,' and wow, the price of Dogecoin skyrocketed from a few cents to $0.73. But then, when he appeared on SNL, he suddenly said that Dogecoin was a scam, and just like that, the price of Dogecoin collapsed. Now he’s acting all rational again, which is really puzzling and makes one wonder.
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Summary of experiences from an old veteran; please read carefully and benefit greatly.
I've been struggling in the crypto world for so long. I won't say I'm a master, but I can be considered an old veteran with stories. Today, I want to share some experiences with the new investors who just entered the market, so everyone can avoid some detours.
First of all, when you just enter the crypto market, never go all-in right away. The crypto world is very deep, and the volatility is like a roller coaster, very thrilling and also very cruel. As a beginner, just invest a few thousand dollars to start. Consider two or three thousand dollars as the first 'tuition fee' to feel the heartbeat of skyrocketing and plummeting prices, and then think about whether you want to continue exploring in this circle.
First of all, when you just enter the crypto market, never go all-in right away. The crypto world is very deep, and the volatility is like a roller coaster, very thrilling and also very cruel. As a beginner, just invest a few thousand dollars to start. Consider two or three thousand dollars as the first 'tuition fee' to feel the heartbeat of skyrocketing and plummeting prices, and then think about whether you want to continue exploring in this circle.
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Recently, many retail investors like to trade short positions, using high leverage and closing their positions after gaining just one or two points. I have done this kind of trading as well, but the data shows results that are contrary to my expectations. You can win 10 trades, but just one loss can wipe you out. Some people tell me, why can't I roll over to my ideal position with a small amount? It's obvious that my data isn't good because those who have tasted success won't be satisfied with just the basics. After one losing trade, they will think about martingale strategies to recover, and it becomes a cycle. Emotions get extremely tense, and the more you want to rush, the slower you should go. My experience varies from person to person, except for genius players.
My personal suggestion is to look at daily, weekly, or even monthly charts to gauge your direction. Within this framework, you can appropriately increase your positions, but once the direction diverges from your expectations, you should close your position. There are no perpetual winners in trading; as long as your capital is intact, trading will continue. Take it slow, everyone. #美国加密战略储备 #加密市场反弹
My personal suggestion is to look at daily, weekly, or even monthly charts to gauge your direction. Within this framework, you can appropriately increase your positions, but once the direction diverges from your expectations, you should close your position. There are no perpetual winners in trading; as long as your capital is intact, trading will continue. Take it slow, everyone. #美国加密战略储备 #加密市场反弹
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The principal is small; if you want to earn your first 2 million in the crypto world, you can only use this method!!!
If you have enough capital, then making 2 million is not difficult at all. If your funds are really too small, the only thing I can do for you is contract rolling. Usually, if a popular coin rises by 30% in a day, and you only have a small amount of funds ranging from 50 to 100 dollars, you can choose to go long with 20x leverage when the price is low, and continuously roll over the profits
(that is, reinvest the profits). If the daily increase really reaches 30%, then your profit could be between 5000 and 10000 dollars. For example, recently strong performers like turbo, not, people, etc., are very suitable for rolling operations. However, 20x leverage carries high risks, and even a slight market correction could lead to losses. Therefore, using 10x leverage might be a better choice; although the expected returns will be lower, the margin for error will significantly increase. Once you successfully roll over, even if you make mistakes afterward, your losses will be limited to the initial 50 dollars. If you have some market perception or skills, and you are lucky, then even with just 50 dollars, you might successfully double your investment. On the contrary, if you lack luck and skills, even with 500 million in funds, you could lose everything. Therefore, even if starting from trial and error, you should only invest 50 dollars instead of blindly putting in a large amount of capital #美国加密战略储备 #加密市场反弹
If you have enough capital, then making 2 million is not difficult at all. If your funds are really too small, the only thing I can do for you is contract rolling. Usually, if a popular coin rises by 30% in a day, and you only have a small amount of funds ranging from 50 to 100 dollars, you can choose to go long with 20x leverage when the price is low, and continuously roll over the profits
(that is, reinvest the profits). If the daily increase really reaches 30%, then your profit could be between 5000 and 10000 dollars. For example, recently strong performers like turbo, not, people, etc., are very suitable for rolling operations. However, 20x leverage carries high risks, and even a slight market correction could lead to losses. Therefore, using 10x leverage might be a better choice; although the expected returns will be lower, the margin for error will significantly increase. Once you successfully roll over, even if you make mistakes afterward, your losses will be limited to the initial 50 dollars. If you have some market perception or skills, and you are lucky, then even with just 50 dollars, you might successfully double your investment. On the contrary, if you lack luck and skills, even with 500 million in funds, you could lose everything. Therefore, even if starting from trial and error, you should only invest 50 dollars instead of blindly putting in a large amount of capital #美国加密战略储备 #加密市场反弹
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