Did you enter the crypto circle by exploring on your own or by following professional teachers?
I spent 10 years building a starting capital of 300,000 earned from crypto trading, during which it fell to only 60,000 at its lowest point, but I managed to use the simplest methods to grow it to tens of millions. The most intense wave increased from a base of 400 times in just 4 months, directly reaching 40 million! Does it sound like a joke? But behind this is over 3,000 days of practical experience. There are many ways to trade cryptocurrencies, but not all methods can be learned. We all hope to achieve good results with the simplest methods, while friends in the crypto circle do not lack good coins to choose from, but tend to overthink!
Why do some people say not to trade contracts in cryptocurrencies?
In the cryptocurrency world over the years, I've seen too many people rush in with dreams of 'getting rich overnight,' only to lose everything in various flashy operations. I was once one of them—high-frequency trading*, altcoin* speculation, following so-called 'masters' to chase highs and lows. The more I tried to make quick money with my 'cleverness,' the faster I lost it. Until later, I completely changed my mindset, relying instead on a 'simple method' to gradually generate profits. Newbies in cryptocurrency trading can become veterans by mastering these nine golden rules! After so many years of trading cryptocurrencies, if you still haven't made a million, listen to me. The following ten pieces of advice will surely make a difference if you follow them.
Now that I have entered my 30s, I embarked on the journey of digital currency investment since I was 23. Between 2023 and 2024, my assets successfully crossed the milestone of 8 digits. Today, my quality of life has significantly improved. In contrast to the hard work of the older generation in the real industry or the struggles of the post-80s e-commerce entrepreneurs, my lifestyle appears particularly comfortable and carefree. In my investment career, I have hardly ever been caught up in complicated business entanglements, and life's troubles seem to always take a detour. In my opinion, the key to investing in digital currencies is to maintain a good mindset, while mastering the technical aspects is secondary. This calmness and composure may be the secret to my success and substantial gains in the crypto world.
Can ordinary people change their fate through cryptocurrency trading?
Theoretically, ordinary people can change their fate through the cryptocurrency market. The average annualized return on cryptocurrency trading exceeds 10%, and long-term investment in the cryptocurrency market, based on the compounding effect, can potentially lead to wealth. I believe that freedom = ability - desire. Even someone with average ability but very low desire can still feel happiness. Ordinary people can indeed change their fate through cryptocurrency trading, but it is certainly a very small number, not the majority. Let me talk about myself! I've been trading cryptocurrencies for over ten years, going from liquidation to achieving financial freedom, supporting my family through trading. By 2024, my funds have multiplied by 50 times; if not for two withdrawals for house purchases, it would have been 85 times.
What do you need to achieve financial freedom in the crypto world?
The dumbest way to trade coins, from now on, will feel like cheating in the crypto world, with a green light all the way, simply because I have firmly grasped the following 10 rules! 1. As long as a strong coin drops for 9 consecutive days at a high position, be sure to follow up in a timely manner. 2. If any coin rises for two consecutive days, be sure to reduce your position in a timely manner. 3. If any coin rises more than 7%, there is still a chance for a further increase the next day, so you can continue to observe. 4. For strong bull coins, be sure to wait until the correction ends before entering the market. 5. If any coin has had three consecutive days of dull fluctuations, observe for another three days. If there’s no change, consider switching it out.
In the cryptocurrency world, how can an ordinary person improve himself?
In the field of cryptocurrency trading, I worked my way up from being a small retail investor with tens of thousands of yuan, and finally became a middle-class person with 25 million yuan! Today, I will share with you my experience along the way. The most important thing about cryptocurrency trading is money management. Don't invest all your money at once. I usually divide my funds into five parts and trade only one part at a time. This way, even if I lose, I won't be overly stressed. Furthermore, I've made it a rule to withdraw immediately after a 10% loss, regardless of market conditions. If I lose 10% five times in a row, I'm only losing 50%, but if I win, the gains are much greater. Even if I'm trapped, I can maintain my composure.
What should you pay attention to as someone who just entered the cryptocurrency market?
Entering the cryptocurrency circle requires many fundamental skills to be learned, just like four people playing mahjong – everyone else has seen their cards, and if you don’t look at others' cards the same way, your chances of losing will be particularly high. In trading technology, the most basic thing is watching the market. Watching the market means observing trends, seeing its past performance; different people can interpret different information during the market. Therefore, you must first learn and build a solid foundation; do not blindly enter the market to trade. This is a principle that newcomers should understand. Do not trade blindly, or you will ultimately reach zero. Generally, when an ordinary person first encounters the cryptocurrency market, it’s in the secondary market, and the two major ways to play in the secondary market require deep understanding: spot trading and contracts. If you have small capital or an amount that doesn’t matter to you if you lose it, like 10,000, converting to U is about 1,500U. It is recommended to take out 100U from this, place it in the contract account, and then only open positions with 10%, using 50-100x leverage, and do so gradually. If you have no understanding of trading, you can first use this 100U based on your intuition, whether you earn or lose depends on luck; this 100U is just to let you feel how worthless money can be.
How to Profit When You Just Enter the Crypto Market?
Follow the big players to reap benefits; even if you don't, you can still learn something. So if you're new to the crypto space, it's definitely not a bad idea to follow experienced traders; at worst, it's a form of indirect learning! Today, I will share my trading strategies and insights with fellow coin enthusiasts. There's a saying: standing on the shoulders of giants allows you to achieve ten years' worth of effort. One, only trade with Bitcoin and Ethereum. 1. Don't touch random small coins, just focus on Bitcoin (BTC) and Ethereum (ETH). 2. Altcoins are like gambling, nine out of ten bets lose. Two, when to short (bearish). 1. Find resistance levels: look at the yellow moving average on the 4-hour chart.
Must-see for Crypto Newbies: Eight Investment Maxims from an 8-Year Veteran!
1. Make good use of morning market conditions: in the morning, the sentiment in the crypto market is very pure. If prices plunge significantly, don't panic; this may be a good opportunity to 'pick up the bargains'; if the morning sees a surge, don't be greedy; take the chance to realize profits and lock in gains. 2. Gauge the afternoon strategy: if there’s a sudden spike in the afternoon, don’t get carried away and follow the crowd, as it’s often just a false rally, and buying at high levels can lead to losses; conversely, if the afternoon sees a downturn, it’s wise to stay calm, observe for a while, and look for a low entry point the next day, which often yields rewards. 3. Maintain a steady mindset during downturns: when you wake up in the morning to see prices falling, don’t rush to cut losses; the market changes rapidly, and early market fluctuations are often 'smoke and mirrors'; if the market is stagnant and shows no movement, don’t fret too much, take a break, conserve your energy, and wait for opportunities.
How much have you earned in the cryptocurrency market up to today?
Let me talk about myself! I have been trading cryptocurrencies for exactly ten years, turning a principal of 300,000 into 40 million, capturing almost all the gains in my holdings! Now, I support my family through cryptocurrency trading. I can say that I have used 80% of the methods and techniques in the market, but the most practical ones are still the simplest 'candlestick trading methods*'. If you want to treat cryptocurrency trading as a second career to support your family, you must study this article seriously to avoid making mistakes for the next 10 years. I can't say that I have become rich; I'm barely financially free, and I can only say that my expenses are covered. During this process, I deeply understand how important a good mentor is! Having been through the rain, one always wants to provide an umbrella for others. I have experienced days of isolation and helplessness, so I empathize with others' losses. I want to lend a helping hand and make up for the regret of wanting to be pulled up back then, like providing an umbrella to my past self who was caught in the rain. This is also the original intention of my sharing, hoping to help many friends in the community avoid some detours!
Can the coin market allow ordinary people to achieve financial freedom?
I once rushed into the coin market, chasing highs and cutting losses. The result was that, borrowing courage and luck, I lost the hard-earned money due to my fragile strength. I had not systematically learned spot trading, taking many detours and wrongful paths! Without strong professional skills and mindset, and without mastering the rules of the coin market, it is very difficult to achieve sustainable and stable profits through trading coins. After many twists and turns, I ultimately chose to systematically learn the natural trading theory, and also studied data analysis in the coin market, combining volume and price relationship analysis, and finally established a three-dimensional integrated trading system suitable for myself, which is constantly being improved and practiced.
How can one survive for a long time in the cryptocurrency market?
Let me tell you a story; when I was suffering the most, I lost 2 million in three days due to contract liquidation, deeply in debt, almost losing my family and life. But the cryptocurrency circle is so magical. By chance, I received guidance from a master, and in the stormy night, I realized I had to start over and become a professional trader, studying technology tirelessly, spending thousands of days and nights in research and learning! The journey in the cryptocurrency market is long; I hope everyone can take fewer detours and experience fewer tragedies! Having achieved financial freedom, I continue to create content because many people do not understand why I still do this after reaching financial freedom and achieving several small goals. I have also asked myself the same question. In the process of rediscovering my original intention, part of it is for my hero dream; I dedicate everything to trading, and I do not want my exceptional skills to go unnoticed! On the other hand, I want to provide a pathway for those who are eager to learn; what I have gained in the market is now also a process of giving back to the market. The way of nature reminds me of the many months I struggled with the issues of using multiple leverage, with no paths to learn from, repeating the charts over and over, countless days and nights, crawling and rolling to where I am now, deeply aware of the difficulties faced by retail traders in the cryptocurrency market, and I can empathize with them more!
How to turn three thousand into a million in the crypto world?
I will provide an executable plan. If you can follow through, it is feasible to turn a few thousand into 1 million. Let me share my method with everyone: Quickly turn a few thousand into 100,000, and there is only one way: (rolling positions)++ Step 1: Start by converting your several thousand into U and divide it into three parts! Step 2: Make contracts three times +, with a multiple of 100, and a position of 60% each time, all-in, just trade Bitcoin or Ethereum, operating time: between 9:30 PM and 4 AM! Step 3: Make three contracts; if you win all three normally, your capital could reach several thousand U, and if there is significant market movement, it could reach tens of thousands of U.
What coins to invest in the crypto space now to hold for several years?
Reviewing the 20 altcoins with the lowest risk of running away, worth holding long-term! When investing in crypto, the worst fear is encountering those scam projects that run away, leading to prices dropping to zero and losing everything. Today, I've organized some relatively reliable and less prone to crashing coins for you brothers, categorized into established mainstream coins and newer potential coins for your reference.
First, let's talk about those established mainstream coins. These have been around in the crypto space for many years, have experienced bull and bear markets, and have strong teams and ecological support behind them, making the likelihood of them running away very low.
I've been trading futures for a year, basically lost everything, and still haven't figured out a profitable strategy. Is there any senior who can provide a detailed strategy? Thank you very much!?
Let me tell you something interesting. Before trading futures, I first traded foreign gold... 100 times leverage... exhilarating, right? That was in 2019. The first trade, full position, exploded in 30 minutes... exhilarating. On the second day of funding, I was much more cautious, continued with the second trade, 50% position, exploded the account that day... exhilarating. On the third day of funding, very cautious, continued with the third trade, 30% position, exploded the account that day... exhilarating. After summarizing the failures... on the fourth funding, I adjusted the leverage to 30 times, with a position of less than 10%, about 0.3. Guess what happened? On that day, I didn't even flinch, thinking: It's boring, let's leave it overnight...
If you want to do well in the crypto space, do you know what to do first?
Step 1: First, look at the trend. Step 2: Find key levels again. Step 3: Look for entry signals. Enter the market, take profits, close positions, and leave. Isn’t it simple? Let's elaborate further. Step 1: First, look at the trend. The state of a market can result in three outcomes: uptrend, sideways, or downtrend. What is a major trend? Look at cycles longer than 4 hours, such as 4 hours, daily, or weekly charts (my personal habit is to look at 4 hours). For an uptrend, go long; for a downtrend, go short; do not trade in a sideways market. Step 2: Look for key levels. Whether the market is rising or falling, it will jump up and down like a bouncing ball, one level at a time. Our task is to enter the market at its jumping point and exit at the next landing point. Finding precise stepping stones becomes the key. #Bitcoin refers to what we call key levels (main support and resistance levels).
1. At the time of entry, do not just look at the cryptocurrency K-line trend, especially for short-term trades where you also need to look at the 30-minute K-line. The market must be stabilizing and resonating at that moment before you can enter. For example, sometimes you see a K-line with a long upper shadow and feel there is no opportunity, but the next day a big bullish candle or even a limit-up appears. In fact, if you look at the 30-minute K-line, you can see the subtlety. 2. If the trend and order are not right, just looking once more is a mistake. You must go with the trend, and the order of rising should not be disrupted. 3. If you are not in a hot spot or a potential hot spot for short-term trading, it is better not to trade. 4. Abandon all impulsive entries. Trade your plan, and plan your trades.
There is a stock market legend in Shanghai named Sun Lihua, who only has an elementary school education but used borrowed 3,500 yuan to invest in the stock market, eventually acquiring three houses and a net worth of tens of millions. Her stock trading secrets are indeed worth learning for all investors. If one can strictly follow her stock trading strategies, they are sure not to be cut down like chives. Sun Lihua was born in 1954. In the 1980s, she worked at a factory in Shanghai that produced electronic tubes. During this time, she was sent to Iraq to produce car bulbs for two years. After returning to China, she continued working at the same electronic tube factory. Sun Lihua originally thought her factory life would continue indefinitely, but in 1991, the factory suddenly closed due to poor performance, making her an unemployed worker. The sudden unemployment left Sun Lihua unsure of where to go, as her family was in a difficult financial situation. To make money to support her family, she had to find a new job quickly, so she applied everywhere. Whenever she saw a crowd on the street, she would run over to ask if they were hiring. It is said that to find a job, she even used her son’s award certificate to plead with employers.