$ZEC Why do many people invest and inevitably fail to make big money?
$PIPPIN It's simple: Most people are driven by emotions when it comes to investing and making money, rather than by the desire to make money.
$ETH Trading cryptocurrencies is really just that; once you realize it, the next step is execution. If you focus on the following 6 points, your wealth will continue to grow!
1. Trend is King
The trend is the core of profitability. Without a trend, there is no profit effect. Large capital usually only engages in trending markets; if there is no suitable trend, it's better to stay in cash and observe, or only use small amounts to test.
2. Carefully Select Strong Coins
Choosing the right coins directly relates to success or failure. Strong coins typically show a one-sided upward trend with significant price increases and small pullbacks. Choosing the right coins allows you to seize the opportunity for profit.
3. Patiently Wait in Cash
Do not blindly chase high prices; patiently wait for the bottom or a temporary bottom opportunity. Before entering the market, conduct thorough research and select coins with strong trends and good technical patterns, staying away from weak coins.
4. Firmly Hold Until Price Rises
After buying, hold firmly until a top pattern appears, not swayed by short-term fluctuations, and only consider exiting when a clear top signal emerges.
5. Abandon Tail Risk
When the price rises to a relatively high level, decisively take profits. Tail risk increases in such markets, so timely profit-taking is essential to lock in gains.
6. Timely Cashing Out
Convert the profitable part of stablecoins to fiat currency in a timely manner to ensure sufficient cash flow for living, achieving a balance between investment and life.
The cryptocurrency market is full of uncertainties and challenges, but it also contains potential opportunities. Investors participating in cryptocurrency investments should fully understand the associated risks, remain calm and rational, and respond to market changes with a steady strategy!
