Buying at the bottom is often the simplest and easiest way to get rich in the cryptocurrency circle. Although it is not as fast as opening a contract or buying a copycat, buying at the bottom is safer and has a higher success rate!
Everyone knows that you can make money by buying at the bottom, but few can find the real bottom. So what are the specific steps to do?
The following points should be noted when buying at the bottom
1. When to buy at the bottom?
2. Which currency should I buy at the bottom?
3.What is the amount of bottom fishing?
4. How long does it take to bottom pick?
If we clarify these four most important points, we will be able to get twice the result with half the effort when buying at the bottom!
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1. When to buy at the bottom?
You should not start bottom fishing when you think the market is improving. Instead, you should start bottom fishing when everyone is desperate and the market is sluggish, because the price of chips is lower at this time.
The market has been falling, how do I judge whether it is appropriate to buy at the bottom at this time?
It's very simple. When you think the price of the currency has fallen a lot and the price-performance ratio is very high, the risk is often very small.
For example, the average price of LTC in recent years is also around $100. This is still a well-known mainstream currency. When it fell to $40 last year, Bobo took the initiative to buy it at the bottom.
Because at this price, buying at the bottom is basically a sure win. Even if the market is bad, it can only drop by 100% and then halve. But if it soars, it may even rise by 1000 times.
This situation is very common in a bear market. If you think the price has fallen a lot and there are still currencies with certain value, you can buy at the bottom!
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2. Which coin should I buy at the bottom? How much should I buy at the bottom?
This is a very, very important point. Never put all your eggs in one basket, because once the bull market starts, it is not certain which stock will soar. The more dispersed your bets are, the higher your chances of winning.
If you only buy one currency, it is easy for you to miss the entire bull market.
my suggestion is
Divide into three types to pick the bottom
the first sort
The top names such as Bitcoin and Ethereum are often the market’s weather vanes, with low risk and average rate of return, but they will definitely rise when they are supposed to!
I suggest that the position of Bitcoin and Ethereum should be 30%-40%. This holding ratio can ensure that you will not miss the bull market. No matter how the market changes, the income from this area is stable.
Category II
Mainstream currencies, such as LTC XRP DOGE and various mainstream platform currencies
The yield of mainstream coins will be greater than that of Bitcoin, but the risk is relatively higher. If the market is not ideal, the decline will be higher than that of Bitcoin!
The position I recommend is 30% because once the mainstream currency market starts to rise, it is possible for the price to increase by dozens or even hundreds of times. This is often the main source of income!
Category 3
Of course, they are altcoins, air coins and various new coins!
This type of investment has a certain gambling element, but it also has the greatest chance of becoming rich overnight, because there are so many myths created by altcoins.
But the end point of most altcoins is zero!
So my suggestion is to buy more different altcoins, and don’t hold too large a position. As long as you get the right one, you can get a thousand times or even ten thousand times your investment back with interest!
The position ratio I recommend is 20%-30%, which is equivalent to buying lottery tickets. Try to buy altcoins with higher popularity and greater imagination space!
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3. How long is the bottom-picking cycle?
Never sell all your chips at once, because both bear and bull markets have long cycles, and if you buy at the bottom at once, you will end up buying at the bottom 80% of the time.
Be sure to invest regularly!
The bear market cycle is generally about 2.5 years. For example, if the market has been falling for more than a year and has almost reached the bottom, you should not go all in because no one can predict how low it will fall.
At this time, you can invest regularly. For example, you can set the bottom-hunting cycle to one year, and take out 10% of the investment amount for regular investment every month in order to control the comprehensive cost of chips.
If you encounter an extreme market situation where the stock price drops a lot, you can buy more. If the stock price rises a lot next month, you can buy less.
This basically ensures that you can touch the bottom, or in other words, it can greatly reduce the average cost of chips!
If you don’t have money, you can also use your monthly salary to make fixed investments. If you invest 10 months’ salary and multiply it 10 times, it means you have to work 10 years less! !
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4. Also, the principle is the same when you ship out in the future! Ship out little by little. Don’t be afraid of having fewer chips, what you need to do is to increase your cash! !
By mastering these points, I think you can basically make a profit without losing money! It is absolutely stable!
Here’s an old joke from many years ago. It’s very interesting. I don’t know who wrote it, but you can all enjoy it!
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Regarding Buddhist cryptocurrency trading, it does not mean holding on to it. Holding on to it is stupid, but it is not Buddhist.
Buddhist cryptocurrency trading should be done with a compassionate mindset.
When the market is at its lowest and all beings are struggling in pain, you should act with great compassion.
Save all living beings from the water and fire, buy everyone's coins, take over everyone's suffering,
Make yourself suffer and do your best to save everyone. As the saying goes, if I don’t go to hell, who will?
When the market is booming, the price of coins is rising every day and it is difficult to get a coin. You should think about what other people are thinking and be concerned about what other people are concerned about. You should sell all the coins to everyone and relieve everyone's anxiety about not being able to buy coins.
When you speculate in cryptocurrencies, you should base your trading on all living beings, be compassionate, and abandon greed. Only then can it be called Buddhist cryptocurrency trading.
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You can follow web3_bobo, a friend who can share pure dry goods with you!