Getting rich overnight is definitely not possible; going to zero overnight is closer to the truth. There are people who get rich quickly, but you must first meet this condition. See it correctly, hold it long, buy more. At least buy 200,000 to 300,000, right? How long to hold? No need to hold too long; a good opportunity might only take 3 months. The question is, are you seeing it correctly? To see it correctly, you need a correct methodology. You must see it positively when others don't, and it has to be a new coin for it to be possible. As for old coins or VC coins, if you want to get rich in 30 days, then don't think about it; they will cut you without discussion. A few days ago, a young brother asked me, which coin is going to be listed on Binance, can it be bought? Can it increase?
Why Does the Cryptocurrency Market Experience Rapid Increases and Slow Declines?
Many people always think they can sell in a bull market and buy the dip in a bear market. In fact, bull and bear markets are only recognized after the fact; during this process, you cannot know. Based on your ignorance, there are no conditions for judgment, so the so-called selling in a bull market and buying the dip in a bear market is an impossible concept. Many people say, how could you not know? $100,000 is the bull market, $70,000 is the bear market. Then I ask you, what about $150,000? $200,000? And then it drops to $50,000 or $60,000? What do you say then? Based on selling in a bull market and buying the dip in a bear market, those who succeed are actually just lucky.
Last year, the market rose, and everything was peaceful, with good news everywhere. This year, the market has good news and bad news, and the market has been declining all the way. The main contradiction in the current market situation is the people's desire for a bull market and the market's ongoing decline. The contradiction of when the market will rise from last year's increase and how much I should earn has shifted to the contradiction of people's desire to break even and the market's continuous decline. No matter what good news you see or how you expect the market to behave, the market has its own trend. This trend is a continuously downward trend. The cause of this downward trend is that there are too many uncertain risks this year, leading people to voluntarily start selling risky assets in search of stability.
Recently, I've been receiving push notifications, and upon opening the BN Square, all I see is Liangxi making huge profits. Suddenly making 15 million is comparable to nearly a year's profit of a listed company. As a result, many people want to learn how to make big profits like Liangxi. However, they never considered that those who go against Liangxi would suffer huge losses. Those who suffer huge losses seldom speak up, while those who make big profits gain attention and become the focus of the market. Thus, he became a role model in the market, allowing those who want to turn their fortunes through trading coins to find a benchmark; they admire and envy him. But today I want to tell a truth.
A TRUMP coin has opened the curtain on the final crazy phase of the bull market; I watched it rise from a $5 billion market cap to $40 billion. This has already exceeded my understanding of making money; having missed the investment phase with low market value, I no longer dare to buy. This coin is rising so rapidly, which is both a good and a bad thing. This is positive for BTC. The emergence of the TRUMP coin has made more people notice the miraculous wealth of the crypto space overnight. As long as everyone contributes $100, the crazy phase of the crypto market will begin. Those who originally held altcoins long-term, such as sats, ordi, dog, bome, wif, which were previously hot, have all sold out at a loss to switch to TRUMP coins. Then those who made money from TRUMP coins will use most of their profits to buy Bitcoin, pushing BTC up and allowing these whales to obtain a large amount of BTC for free.
All investments in the cryptocurrency market are essentially 'Ponzi schemes'. Previously, the ceiling for high-quality assets like Bitcoin was very high; no matter when you bought it, you could always get out in the next cycle. The simplest way for ordinary people to make money is to buy BTC. I’ve always said this. Moreover, a 50% annual return is not too little. Today we won't talk about BTC, but about the real tricks to making money in the cryptocurrency market, any other coins. I’ve talked too much about BTC, and you might be tired of it. Let's talk about something meaningful today. I’ll make it clear: all cryptocurrencies are Ponzi schemes, but this scheme is influenced by two factors and three questions.
Recently, the market has fallen by about 10%, and other altcoins are also performing poorly. The market fell, and then various negative news came out. I have summarized this for you. Message 1: The U.S. Department of Justice has approved the release of approximately 69,000 Bitcoins previously confiscated from Silk Road, valued at $6.5 billion. My view: These are just the trading volumes from the market in less than 10 days, and they won’t have much impact. Previously, there were news reports about the German government selling coins, and our country selling coins, etc. In fact, people are selling coins every day, and there are people buying coins every day as well. There might be a slight impact, but it won’t affect the entire bull market; Bitcoin's size is too large, and a mere $6.5 billion is just a small ripple. The ripples it creates will quickly be smoothed out.
Yesterday, a friend in the community talked about the role of technical indicators. He firmly believed that technical indicators are useful and that one can make money by using technical indicators to determine buying and selling points. His point of view is that some people have done it, and have achieved great results by judging the market through technical indicators, and thus infer that technical indicators are useful. My point of view is that technical indicators are completely useless and cannot help you make money, but they can set a discipline for your buying and selling. In the end, making money is not brought by indicators, but by market conditions. There can be many kinds of disciplines, such as 258 take profit, moving take profit, and moving average stop loss.
Uni announced that it would build its own chain, and then its stock price surged by 10%. I am not optimistic about Uni’s announcement to build a chain, because the best time for building a chain has passed. The competition landscape of the blockchain has basically stabilized. It is difficult to surpass Ethereum or even copy ETH. The uni team is certainly very strong, but strength cannot be in conflict with the times. Just like now, if you want to start an e-commerce platform, it is almost impossible. If you make a loss, what will be left? There are three levels of chain development, ETH is the first level, sol is the second level, and sui sei arb is the third level.
Putting aside technology, professional background, ability, experience and knowledge, what is the most important thing when making money in the cryptocurrency world? Of course it’s luck! In fact, luck is the most important thing for all those who do business and are responsible for their own profits and losses, rather than working for others and receiving a fixed salary! For example, you had a heavy position in altcoins before, but you cleared out your position at a high price, or you had been heavily invested in altcoins hoping to make 10-20 times the profit, but now you are losing 50%-60%. For most people, what are the most important decisive factors for these two results? Of course it’s luck. Many times it’s just a matter of one thought. Cryptocurrency trading is the easiest business for everyone to do, but like all the hardest businesses, most people will end up losing money.
Today I went back to the countryside to make steamed buns, which reminded me of the past when I opened a steamed bun shop. At the time, I thought of relying on others and luck to make money, but I ended up losing 150,000 in 15 days. From this incident, I came to a reflection: things that are not long-term should be stopped in time, things that rely on luck are not reliable, in fact, relying on others is also a kind of relying on luck. Relying on friends or expecting to rely on your other half is actually a kind of relying on luck. I have an iron rule for maintaining my own safety margin: only what you decide yourself counts, and what others say doesn't count. Just like the coins you put in the exchange, they say they are very safe, but when you can't make your own decisions, it doesn't count.
I know that many people in the cryptocurrency circle trade cryptocurrencies based on news. If there is good news, they buy, and if there is bad news, they short. But in fact this is just a superficial phenomenon. The truth is that news follows the price of the currency. As long as the currency price goes up, good news will come out, one after another. Is this the kind of good news that comes with the final frenzy phase of the bull market? In this atmosphere, you must be judging that the price of this currency will continue to rise. This is why we cannot see the true face of Mount Lu because we are already in it. You cannot see clearly that you are in a bull market during a bull market. It is only when prices fall and are cut in half that you realize that it was a bull market before and now it is over.
A few days ago, I saw this information in an article by a big V. He invested 700,000 yuan and made 18 million yuan in 2 months. A salary of 300,000 yuan a year would take 60 years to earn. Therefore, he said it is important to choose what to do. Then, people who watched it seemed to think that it was easy to make money here. No matter what industry the bonus opportunities appear in, it is still very difficult for one person to make 18 million. Later I found out that this big V had 1 billion yuan. He said he originally planned to invest 5 million yuan, but when the price went up, he gave up and only bought 700,000 yuan. His confidence comes from the fact that he has 1 billion yuan and a steady cash flow.
A classmate in the community shared with me yesterday his experience of making 200,000 yuan recently. He bought 400,000 TRB when the price was between 70 and 90 yuan, and sold it at a profit of 30%, making a net profit of 200,000 yuan. His logic is this: TRB is the most evil coin in 2023. It has caused countless contract parties to go bankrupt. The trading style of this dealer is very exaggerated. Basically, he does it once a year, and he will have no worries about food and clothing for several lifetimes. So he was sure that after TRB rose from 40 to 70, it would continue to rise. In order to verify his logic, he first bought 100,000, and then as it kept rising, he kept adding to his holdings. Until you get off the bus and cash in your profits
Since the development of the cryptocurrency industry, there are actually only three epic opportunities to get rich quickly: BTC, ETH, and BNB. These three opportunities to get rich quickly are certain. If you seize any of them, you can break away from the original wealth gravity. It is no exaggeration to say that your money will basically increase as you spend it. Those who buy BTC to get rich are top-level people, those who buy ETH to get rich early and passively. Those who buy BNB to get rich are those who understand that An An can become the world's number one. The others are all small opportunities to get rich quickly, one is Sol, one is Dogecoin, and last year's Inscription. It can also be considered an opportunity to get rich quickly.
I know that many people will not buy Bitcoin because they think its price is too high and they can’t make much money from it. But they have not considered one factor. That is, in the second half of the real bull market, many people are reluctant to sell their stocks. The price comes from supply and demand. Supply is selling and demand is buying. If there is only buying and no selling, then even a small amount of money can push the price of Bitcoin to a very high level. Will there be many people selling Bitcoin in this bull market? Judging from the current fluctuations, the number is far less. In 2019, it fluctuated by 10% every week. Now it fluctuates only once every six months. It shows that many people really believe that Bitcoin will reach 1 million US dollars in the future. So I am sure that more people are reluctant to buy it, because these people know that if I sell it, I can't buy it back. If I sell it, it won't improve my life. Why should I sell it? I can't start a business with money and it won't be better than Bitcoin. Why should I sell it?
Many people did not participate in this rune. Some people disliked the high gas price, and many people were not optimistic. I bought a little first to get a base. I buy stocks with a market value of $1-3 million. I won’t buy stocks with a market value of $100-200 million for the time being. The cost of marketing in the cryptocurrency circle is very high. Traffic means money. The project team has come up with so many tricks and launched wave after wave of airdrops based on the rune narrative. In order to make money, the first thing to do is to boost the price. If the price is not boosted and retail investors are required to buy first, no one will buy. Only when the rune is pulled up desperately can it cause fomo. If it falls at the beginning, it will leave a bad impression on the market.
The previous bull markets all broke through the previous high six months after the Bitcoin halving, and then continued for a year. The cyclical pattern of the cryptocurrency market is three bears and one bull. This round of bull market started when Bitcoin broke through 40,000 last year. During this period, it also brought a new narrative, the Bitcoin ecosystem, which naturally includes inscriptions. Before the halving day, Bitcoin had already broken through the previous high several times. From March 2 to April 12, it took a full month to break through the high point of the previous bull market. This is naturally due to external factors such as ETFs, but the more powerful factor is the internal factor: the storage value of Bitcoin is widely recognized, and the external factor works through the internal factor.
There is really no need to compare your earnings with others.
The stock price plummeted again in the morning. The cottage industry has returned to the starting point, and the big cake has fallen below the fixed investment line. People with money are relieved and can continue to invest. It took 4 months to go up and two days to fall down. This is the truth of the cryptocurrency world. You must learn to lose before you can win. You must gain experience from your own experiences. My consistent strategy towards copycats is that as long as I can make some money, it doesn't matter how much I make, as long as I can exchange the money for big profits. I know that most currencies are just efficient tools for transferring wealth, and of course what is transferred is the wealth of inexperienced people. Therefore, it is best to accumulate experience as early as possible before the bull market breaks out. Paying more to learn more and asking more questions is the fastest way.
I got up early in the morning and received several messages that several people who went to play nada were cut off. Last night, Zhima issued an announcement saying that it would compensate Nada for its abnormal losses, hoping that it would have a clear vision, give full compensation, and freeze the funds used in malicious market manipulation. I guess the most likely scenario is that they will compensate a portion of the profits, each with a 50% penalty, and then remove Nada from the shelves as a warning to others. They will definitely be the ones who make the most money. For more information about NADA, please refer to "How Sesame and NADA Harvest Arbitrageurs" I just wrote about this trick yesterday, and there are still people going there. This is an obvious trap, I didn't expect there are still people who would play it. They were unable to close their arbitrage positions yesterday. Why? Because there is no counterparty in the market. How can the exchange, which is your counterparty, close your position for you?