I have been in the cryptocurrency circle for so many years, and I have not seen many people get rich overnight. Those who really make big money are those who grab potential coins and hundred-fold coins at the bottom of the bear market, hold them for a long time, and sell them in the bull market.
There is no secret to wealth, but few people are willing to get rich slowly.
first step:
Don't ever think about making money, as long as you can fully execute your own trading system, trading plan, and trading principles, no matter what style it is.
As long as you can do it, you are already number one, beating most people in the market.
Step 2:
There are many reasons for losing money in the cryptocurrency circle. In the bull market, people frequently switch between long and short positions, play with high multiples, buy options randomly, and live towards death. Newcomers to this market must not touch contracts. If you make money, you must withdraw it, because you don’t know when the original 519 will come back.
third step:
Get rid of high leverage, eliminate frequent trading, learn to withdraw part of the money you earn, and never charge it back if you run away. Cherish the bull market given to you by God. Most people make money not by their own ability, but just happen to get rich passively in this Kondratieff cycle.
the fourth step:
The first rule of bottom-fishing is to buy more when the market falls sharply and buy less when the market falls slightly. However, you must control your position well. No matter how deep the market falls back, you cannot let your single position be too heavy and leave yourself some room for error.
Part 5:
"Speculate on new assets, not old ones." New assets are the biggest trend in a bull market. As long as you hit the right trend, gaining wealth will be a natural outcome. So as long as the direction is right, even if you invest a small amount of money or sell it early, you can still make a lot of money.
Step 6:
The "leading" effect means you should get used to buying the "leading" projects in the track, so as to develop the habit of buying the leading projects. Many people have missed the "leading" and turned to buy the so-called "second and third" projects, and there is also the risk of stepping into the pit. Generally, the real "leading" projects have a very high ceiling, so what you think you have missed may be only halfway up the mountain.
If you don’t know how to choose and cannot analyze the market clearly, then read my introduction.
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