From 5K to 10W, achieving 20 times of return, in fact, there are only two strategies:
First, it is to capture the surge opportunity of altcoins and gain 20 times of return in one fell swoop;
Second, it is to use the rolling position strategy, skillfully operate the contract, and realize the rapid appreciation of wealth.
In the currency circle, if you want to get rich, choosing altcoins is a shortcut, but remember that you don’t have to be too picky in the bull market, and you can’t blindly believe in the bear market. When building a position, avoid starting on the left side of the market. It is best to start with mainstream coins and gradually turn to altcoins. On the way up, don’t blindly increase your position, hold firmly when it falls, and decisively stop loss when necessary. The layout should be concise, and it is better to act than to be moved, but you must also be reserved when taking action. Light position operation can often create miracles, making money in three steps, and the road to wealth is steady.
The following are some key investment concepts:
1. The currency circle market often rises and falls simultaneously. The rise in the bull market does not rely entirely on value support, but requires an opportunity for rise.
2. When dealing with altcoins, don't be too obsessed with faith. When it's time to cut your losses, you should decisively cut your losses.
3. Time is a friend of Bitcoin, but for altcoins, time may be its enemy.
4. The value of altcoins lies in continuous innovation. Once innovation stagnates, its value may collapse rapidly. The value of Bitcoin lies in its stability. If you are trapped by Bitcoin, there will always be a day to get out of it, but altcoins are not like that.
5. The only ones suitable for left-side trading are Bitcoin and Ethereum. The biggest risk of altcoins is zero.
6. The opening of a bull market, if only BTC leads the way, it will be a healthy start. Therefore, Bitcoin and Ethereum should be given priority when building positions, so that you don't miss out when it rises, and don't be afraid of being trapped when it falls.
7. Altcoins lack defensive capabilities, so you need to be extra cautious when investing.
8. Don't blindly increase your positions when it rises. Position management is crucial. Try with a light position, and then increase your positions appropriately after the increase is considerable, so as to avoid losses.
9. Bitcoin and Ethereum positions should account for more than half of the total positions.
10. When investing in altcoins, you should be prepared to miss opportunities and sell them at a loss.
11. If you lose money in one place, make it back in another place.
12. After being stuck, the biggest cost is actually the loss of other investment opportunities.
13. The key to investing in altcoins is knowing how to sell at the right time.
14. Never covet the profit of the last coin. It is always a wise choice to sell it actively.
15. When investing in altcoins, you must operate with a light position. A heavy position can easily affect your mentality, which in turn affects your operation and final returns.
Although there are hundreds of ways to get rich in the currency circle, finding a way that suits you, using time to exchange for space, and slowly rolling positions without leverage is undoubtedly the safest strategy.
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