If you can make money by understanding technology, then those who make money should be those who have deeply studied books such as Chaos Theory, Wave Theory, and Dow Technical Theory.
Making money does not necessarily mean you understand technology. Therefore, understanding technology is not a sufficient condition for making money.
There are so many ways to make money in this market, such as making money by fixed investment, making money by luck, making money by accurately predicting the bull market cycle, making money by ambushing black swans, making money by market making, making money by doing projects, making money by investing in the primary market, and making money by managing funds.
Anyway, there are too many tricks. If you ask me to tell you, I definitely can’t finish them in one breath.
Understanding technology is only a supplement in the cryptocurrency world. There are two types of understanding: a little understanding and a deep understanding. None of these will hinder making money.
People who are obsessed with technology will not be able to make money if they do not study the regular cycles of human nature.
People who have a little knowledge of technology and understand human nature and cyclical laws can also make money.
In fact, to survive in this circle, you don’t need to know any technology.
I will teach you the simplest method, which is to join many groups, preferably free groups.
Because there are a lot of leeks in free groups, and leeks generally don’t have any ideas. The more you join, the closer you can observe them.
When they are pessimistic and desperate, when they suffer heavy losses, and when everyone is silent, then you should buy, buy, buy.
When their group is excited and the drums and gongs are beating, then you can sell, sell, sell.
It is impossible for leeks to make money, as the market makers have a thousand ways to confuse their emotions.
Human nature has not changed for thousands of years, so the people in the free group are all ordinary leeks. You just need to observe them.
Just do the opposite of what they do, and you will most likely make money.
If you can understand some cycles and some macro, you can earn more.
Have some fun on the weekend, like the posts after reading, and you will make money!