Step 1: Check VCs & MM I'm not in the "technology-loving" group, because I used to love technology and got the end of it. Because good technology without MM driving it is meaningless. In the end, what we invest in is Project token, not technology.------------------------------------Step 2: Analysis What has the project been doing? The most important thing is whether there are many games: to be able to draw cash flow or not! ------------------------ ---------------Step 3: Carefully analyze Tokenomic- How much does the exchange hold? - How much is Dev holding? - How much does Whale hold? What price? - How much do VCs hold? What price?...--> Just understanding this much, can we know whether we should enter or not?------------------------ ------------Step 4: Profit rate Easy to understand example: - 1 genuine L1, lots of VCs, cap 1b$, - 1 medium L1, with MM driving, Marketcap 100m$ ,--> Which one will you choose? ----------------------------------------5. Check Chart- Is it accumulating or at the peak?- What price is MM, Smart Money, Whales gathering at?- What wave is it on?- What Timing is it on?--> Can import goods at good prices.------ ------------------------------ Conclusion: Choose the right Civilization + the right Time!
1. A journey of a thousand miles begins with the first step.2. A person who points out your mistakes is not necessarily your enemy; Someone who always praises you is not necessarily your friend.3. The best time to plant a tree was 20 years ago. The second best time is right now.4. Don't be afraid to go slow. Just afraid of standing still.5. Experience is like a comb that life only gives us after we have lost all our hair.6. Most people fail not because they are incapable, but because of their unsteady will.7. Everyone complains about lack of money, but no one complains about lack of intelligence!8. Once you make a mistake, the best thing you can do is laugh at it.9. Don't say anything unless you have learned to be silent.10. If you don't study, even if you travel thousands of miles, you will always be a postman.11. If you stumble, it doesn't necessarily mean you're going the wrong way.12. There are no hopeless situations, only incorrect solutions.13. Always look on the bright side of things. If it doesn't, buff it until it shines.14. Don't be afraid that you don't know something. Be afraid that you won't learn about it.15. Most white flowers are very fragrant, flowers with beautiful colors are usually not fragrant. People are the same, the more rustic and simple, the more fragrance they radiate from within.16. If you are truly talented, then you will not be afraid of being unlucky.17. Sleeping on a soft pillow does not mean having good dreams.18. When the dove befriends the crow, although its wings are still white, its heart gradually turns black.19. The more grains in an ear of rice, the droopier its head becomes. Good people are often humble.20. The first button is wrong, the last one is difficult to fix.21. Smiling is the cheapest cosmetic, exercise is the cheapest medicine, greeting is the cheapest communication cost.22. When you cry because you don't have shoes to wear, look at people who have no feet.23. Happiness only comes when the door is opened.24. There are 3 things in life that cannot be taken away by anyone: First is the food in the stomach, second is the dream in the heart, third is the knowledge learned in the head.25. A small house full of laughter is worth more than a palace full of tears.26. When you are young you have to do what you should do, then when you are old you can do what you want to do.27. If you can't handle the little things, your big things will be meaningless.28. A man who can move mountains begins by carrying away small stones.29. When we give flowers to others, the first person to smell the scent is ourselves. When we grab mud and throw it at others, the first person who gets dirty is our hands.30. Whenever people have no work to do, they will do earth-shattering things.-Synthesis-
Surely right now or in the future, most of you will think about financial investment or business to have more income in addition to what you are doing now, right?? Most of you will listen to people who have money. prior experience. It's also true because they know more. But for me, it's just a part of learning, mostly because I experienced it myself to learn many lessons for myself. Financial investment is a quite long road because it always exists with the country's economy. . You can invest in #Crypto, stocks, real estate, they all have niches for you to take advantage of to find opportunities to increase profits. For those with small capital, I advise you to learn and in the process accumulate knowledge. knowledge as well as capital, then invest whatever during the learning process you feel will be profitable and has little risk => Don't be too hasty and don't let your emotions influence you too much. If you have knowledge, your confidence will win. The last thing is that when participating in finance, you should pay attention to how it operates. Simply put, everything has its own flow so it can exist until now. You understand what the dealer is doing and put yourself in their position to control the game. You play memes too much, so you slow down from time to time to talk about life with your friends. Lest you tell me I work like a bot again, that's it :))
Bitcoin Halving: Strategy to turn $5 into $120,000
This article will provide some tips for finding coins that can grow x10 x20 or even x1001. Market Capitalization One of the most important factors to consider when looking for coins with high growth potential is market capitalization. Market capitalization is calculated by multiplying the offering price by the total supply and it represents the total value of those tokens. Typically, coins with a market capitalization lower than $10 million have the potential to grow higher. This is because these coins are still new and have the potential to grow strongly in the future.2. Trading Volume Trading volume is another factor to consider when looking for coins with high growth potential. High trading volume shows that many people are interested in that coin and that it has good liquidity. You should look for coins with stable trading volume over a long period of time. This shows that the coin has a solid user base and is likely to maintain its value in the future.3. Investment backgroundInvestment background, also known as investment capital, is another important factor to consider when looking for coins with high growth potential. Coins backed by large investment funds often have higher growth potential. This is because these investment funds have strong financial resources and can help promote project development.4. Some other factors In addition to the three main factors above, you can also consider some other factors such as: Number of listed exchanges: If a new coin is only listed on a few exchanges, then The coin's ability to reach users will be limited.Project development team: You should look for projects with experienced and capable development teams.
Hold Coin is a term used to refer to holding a coin for a long period of time, not selling it even if the price fluctuates up and down. The purpose of Hold Coin is to invest in its core value and development potential, expecting high profits in the future.❇️How to Hold Coin effectively: 👉Choose a valuable coin and develop it. good prospects, based on criteria such as technology, development team, community, partners, finance, development plan... You should research carefully about the project you want to invest in, don't just follow the crowd or Only then will you be confident enough to hold for a long time.👉Choose a safe and secure wallet to store the coins you want to hold, avoid storing them on exchanges, because they can be hacked, crashed or closed at any time. You can use hardware wallets, cold wallets or wallets on your phone, and carefully store information such as passwords and recovery codes.👉Determine your investment goals and time, must have a clear plan Decide when to sell, based on a desired price or a certain time period. You must follow your plan and not let emotions influence your decisions. ❇️How to optimize profits: 👉Stake - Farming: Some coins allow staking or farming, you can take them to stake or farm to get more passive profits. Note: Farming brings higher profits than staking, but if you don't understand them, it's best not to participate, because the risks of farming are considered much higher than staking. 👉Hold some exchange coins like BNB, OKB, MX, GT,... you can join the launchpad program of the exchanges to earn new coins.
NEWBIE SERIES #2: SOME THINGS NEW PEOPLE NEED TO KNOW WHEN INVESTING CRYPTO?
Okay, back to continuing with the#NewbieSeries, there are a few things that I think need to be spread to you guys, especially newbies. Please read for reference. Okay, let's go!!!! 🔍Things that newbies need to know when starting to participate in the Crypto market: 1. Learn to research projects yourself, don't wait for groups to call bets and then buy. When groups call bets, just consider it as information about projects and double check carefully to see if you can invest in that project or not. => Newcomers should start with reading and understanding knowledge. Basic knowledge, gradually find a niche that suits you, then it's okay to switch to it. You don't have to be good from the start. 2. Learn capital management, before putting money into an order, think about what it will be like if you lose money, how it will affect your psychology. What happens if that child doesn't return to entry? Is there still money left to buy a new one? If you think like that, it will help you allocate capital more appropriately.=> Investing with idle capital, you can lose it, absolutely do not borrow to invest in Crypto, it's too risky and it's not worth the risk. change. 3. In a downtrend, you should only invest with a long-term view (3-6 months), newbies will not have enough experience to trade with a weekly or monthly view, so hold most of the $ and wait until everyone is scared (BTC Fear). and Greed Index below 10 points) then buy gradually, prioritizing BTC, ETH, BNB => If you don't have experience and knowledge, you should only put money into projects that are sure to last, like BTC, ETH and BNB, I think recently There is Fud but it will pass. I submitted another LINK in the safe category.4. During the downtrend, winter is always a good time for us to collect goods, Westerners save money to go shopping for Christmas and New Year, and Asians save money to celebrate Lunar New Year. Therefore, whales will push BTC down, creating a panic sell mentality to collect good prices, we will collect goods according to whales. => Green puts red to buy, just do it, don't do the opposite. Seeing a green candlestick flying into the sky and swinging at the top for several years without being able to return to shore is something I'm stuck with, very bitter. 5. Up to 90% of old projects will die within 2-3 years of downtrend, reasons: project does not generate revenue, not enough money to maintain, devs abandon old projects to create new projects... So please Choose projects that are practical, not outdated, and have revenue for long-term investment.=> 90% of Crypto projects will be 1-season projects, meaning they only pump once and then slow rug. Newbies should not just look at last season's peak and buy it thinking it will reach ATH and make a profit. You need to choose carefully, not every project will return to ATH 6. You should not try Margin, Futures even once. Instead of spending time watching Long Short orders, that time is spent on research and following projects. new will help you level up.=> The English teacher said "Future" is the future, but actually in Crypto, Future means "End", this is true for newbies, less experienced. . 7. Don't trust someone too much in this market, today they can help you earn $10k, but tomorrow they can take away your money in double. Money is yours, whether you lose it or keep it is up to you to decide. Don't blame others.=> Don't trust anyone 100%, including yourself, consider, consider and plan for yourself. 8. Hidden gem x100 projects usually only appear during the year of BTC halving (Sol, Axs.. 2020) so during the downtrend, invest in projects that you believe will still exist for at least another 2 years Before thinking about finding and holding#HiddenGemsin 2024 => It's still a matter of having enough knowledge to research and evaluate the project. When you are qualified, it will be easier for you to consider and evaluate. 9. Always know when to stop and cut losses, don't be bitter, calmly reflect on why you lost money, learn from experience so you don't continue to make mistakes with other projects. => You can't know when you will take profit when, more or less, but cutting losses to restructure is something you can control and control with a simple command stoplimit 10. If you don't have time to research and learn about crypto knowledge (full time with crypto), you should only invest in BTC, BNB, ETH. You should not listen to anyone's advice to invest in projects that you do not clearly understand. => Currently I submit BTC and ETH, but BNB needs to be observed more because there is a lot of fud with Binance. Of course, I think it's so difficult that it's unthinkable that Binance will collapse (0.01%) 11. During the downtrend, you should focus on new stocks and stocks that follow event trends, these stocks often have ups and downs, stay tuned. That is, the project's vesting schedule to keep an eye on. => referring to downtrends, there is little money, if you want to make money, you should follow the trend, narrative where there is money flow, for example, in the previous wave there were waves of LSDfi, Fantoken, AI ...etc, you will have a chance to make more money than projects with no cash flow (Defi, NFT..etc.) 🔍Above are some things that newbies should consider before starting to invest money. Invest in Crypto. Money is not easy to earn, so you should cherish it and think carefully before spending what to buy and what to sell. I don't know how long the Downtrend will last, but I will be here to continue sharing and accompanying you to the uptrend. Wishing you confidence and success. I will return in the next issues of this Series to accompany you guys!
THE IMPORTANCE OF CAPITAL ALLOCATION IN THE CRYPTO MARKET !!!
When it comes to building your portfolio for next season. Have you often heard people mention the phrase "allocation of capital" into many different areas, many different numbers, how much % of child A, how much % of child B, how much % of child C is in the lottery, things like that? So..... but some newbies, Newbies do not understand the importance of this, I have a few opinions as below!🔍Building an investment portfolio is not simply an administration task. risks, minimizing unexpected incidents like LUNA -UST that unfortunately happen. The principle of not putting eggs in one basket so that if they break, they don't all break. Surely everyone has heard of this and it seems like Everyone knows it, talking too much seems redundant :))🔍 However, another benefit of capital allocation that is equally important is that you cannot know exactly which segment flies first. Which one flies next, which array will be pushed first, which one will be pushed later. If unfortunately you go all-in on 1 or 2 projects and it doesn't disappear until the end of the uptrend season, then the psychological torment must be extremely terrible when you turn on the app to check the coin chart all day long and it disappears. Everyone shows off their profits, shows off their houses, shows off their cars, their coins stay in place. The feeling of restlessness, tingling, and not being able to sit still is extremely psychological torment. I don't think any newbie has the patience and calmness to lie motionless until the end of the uptrend season, and then jump back and forth, losing all the goods, and the belt...🥲🔍 During the uptrend season, besides you,#BTCand#ETHwill be the first to pump first to create a fomo effect, attracting money, so I really can't know for sure what trend, what segment, what number MM will pump first. Therefore, allocating capital as mentioned above both helps minimize risks and helps not miss a beat if the dealer changes the locks or pumps this or that segment. I have also shaped my shopping list for next season. In the near future, I will share details for you guys to refer to and give me suggestions. 😅
Regarding the question: Where should a newbie start, perhaps my answer is to start with having the right investment mindset!!!” That's true, if you are a brand new chicken, don't be in a hurry to buy or sell, ask if this one can come in, or if that one can be bought, take your time and learn and feel it, if you feel it's ok then consider paying down. . 🔍Many Newbies ask me about many questions about the Crypto market, most of the content revolves around one issue: there are too many sources of information, KOLs, teams, groups, projects, etc. And you are lost among countless sources of information, not knowing where to start, how to approach, how to research, how to research properly, what to buy, when to sell, etc. Realizing that it seems like many of you are lost. I will write this newbie series, mentioning the content and directions that I think are reasonable for you, whether you are young like a student or older but just taking baby steps. Entering this Crypto market and don't understand where to start. Writing from now until the uptrend, I think it's probably okay, because the uptrend is when it's chaotic, crazy and runs incredibly fast. At that time, you will see the butcher at the market, the motorbike taxi driver at the alley, the neighbor... chatting about Crypto, virtual money, Bitcoin...etc. There are a lot of F0. At that time, taking this document out might be useful for you at that time, saving you the trouble of having to sit and explain a lot. 🤣🤣🤣 🔍 Okay, newbie, try to answer the following question for me? “What do you invest for? Why choose Crypto investment? “Newbie brothers, why do you have to invest? What's the point of investing to make your head tired? Wouldn't it be more leisurely to go to work in the morning and relax and go out to drink in the evening? Why do you have to tire yourself and think hard to learn and invest? Is it better to choose a stable job to do and be satisfied with yourself? ..etc. => If you are still confused and do not understand the purpose of investing money for yourself? For whatever purpose, maybe you should slow down, don't rush to spend money, don't rush to ask if I can buy this one, if that one has a good price...etc. Just take it slow, step by step, slowly but surely to learn. You can refer to my reasons below. 😅😅😅 “I want to change my personal finances to have a better, better quality and healthier life. From there, we can help more people." That's it, the reason why I invest to make money is as simple as that. Many people jokingly say: "If you have money, then you can bother people." Many people have other reasons like: - Letting money lie Money in the bank also automatically loses value, due to annual inflation (Inflation) - To be rich - Earn more money, to worry less about personal finances for yourself and your family - Challenges myself in a new environment - Shop without looking at the price, spend what you like (this is similar to the first idea) - Do charity, help people in difficult circumstances (same as mine) - Passionate about Crypto, addicted to futures, hard to quit - Too much money so throw it away - And many other reasons...etc.v. Maybe each person has a different idea, ideal and way of thinking, but in short, everyone has their own purpose. 🔍 So why do you choose Crypto to access and invest and not something else? Surely most of you already know this question, nothing is impossible in Crypto, from x10 in a moment to disappearing into bankruptcy after 3 days (LUNA, FTX) is not a rare thing in the market. this school. It is the "UNINCREDIBLE" profit margin that has turned many people into millionaires after just one successful uptrend season with the right investments. And this has excited and attracted huge attention to the crowd out there, who have never invested in Crypto. I agree with you guys, this is a market that can make your xxx account terrible but splitting 5 for 7 is also very normal. Therefore, please evaluate with a correct investment mindset: "Investing in Crypto is because of the large level of profit, giving me the ability to change my financial picture. However, this is a market full of risks and pitfalls. So be mentally ready to accept the loss of all your investments and only put in the amount of money within your tolerance" 🔍 That's it, before asking "Can I buy this one, that one has potential?" no” always think like that in your mind. So that when an unfortunate incident occurs, you guys will be mentally ready and accept it! Saying that does not mean that this market is bad, multi-level, and 100% a scam. But you must know how to filter, research and invest properly to limit risks as well as find a reasonable direction for yourself. During this time, you guys should try to keep your money and don't lose too much in the market. Accumulate capital and knowledge, then when the opportunity comes, if we catch the right time, just one successful uptrend season will change our financial picture a lot. Okay, that's all for the opening thoughts. In the next articles, let's explore the methods of making money in the Crypto market as well as how to access each type of knowledge. All knowledge and information in the article is taken from my own experience combined with knowledge learned and filtered from many other good KOLs to complete this series. If there is anything incorrect, please feel free to ignore it and give additional comments to enrich the material for everyone. “Knowledge is endless, and no one is smarter than all of us” Thank you for your support! Have a nice day!
"Money is a fairy, a Buddha, the resilience of greed, a measure of humanity", this is an oral saying that I heard since childhood. The issue of money causes a lot of controversy in every discussion in life. Today let's discuss this issue and cash flow in the Crypto market. It's a bit long, please try to read.——————————————————————📌 1. SOME BASIC DEFINITIONS ✍️ In life, money is likened to a measure of human worth. For realism, having money is having everything, this is really a problematic and very unreasonable idea. To talk about this deeply, it will easily touch the pride of some people, so here I will only evaluate from a multi-faceted perspective based on my own knowledge and experience, so I will not go in-depth. into each person's personal story. So what is money? ✍️ Money is a tool created by humans because of human needs since ancient times. It is used to satisfy human ambition and, more specifically, to serve as a reference system for consensus conversions. When people want to buy/sell, exchange, or transfer both tangible and intangible forms, they will use money as a measure for that conversion. Money includes several types as follows: - Fiat (paper money, traditional money). In modern life, fiat includes two types: local currency and foreign currency. Local currency is issued by the top apparatus of a country, a territory or a federation of countries. Over time, fiat will be changed in appearance. In Vietnam, we used to have many types of local currencies such as coins, paper money and now polymer money. Foreign currency is the domestic currency of another country or territory that is circulated and used around the world such as USD, EURO, Japanese Yen, Yuan, etc. Conversion between foreign currencies is the same. Approved by competent authorities with high knowledge of finance, then transmitted to people for conversion. Fiat is also the currency with the highest and almost absolute liquidity. Why almost? Due to some problems between countries, sometimes one country will prohibit people from using the other country's fiat, so absolute 100% liquidity worldwide is impossible. - Electronic money. This is a currency that is confused with Crypto because the vast majority have not really learned about the difference. Electronic money is money on banking apps, asset valuation numbers on banks, or transaction amounts on stock exchanges. To put it more simply, cryptocurrency is fiat with digital technology. This type of currency has lower liquidity than fiat. You will wonder why money from your pocket going into the banking app has lower liquidity than cash, right? Just try walking around the street and find a sidewalk shop to make a cup of iced tea for 5k, then ask to pay by bank transfer, the shop owner curses and you understand the problem immediately 🤣🤣🤣 - Cryptocurrency - Crypto Currency. The type of money that everyone in this group is interested in and owns (more or less depending on each person's wallet). The essence of Crypto is lines of code, people use programming language and technological capabilities to encode those lines of code into an asset, even BTC is no exception. Crypto is a combination of gold (scarcity), stocks (projects to issue coins listed on the exchange similar to businesses issuing shares listed on the exchange), and fiat (type of asset for consensus conversion). ). Because of this integration, I am sure that this market will grow even stronger. No need for in-depth analysis, just look at all other financial markets and see that, historically, in the long run there is only growth no matter how volatile the market is. - Virtual money . This is the least liquid and riskiest currency. It is easiest for anyone who has ever gambled on example apps to understand. You deposit money into the gambling app, it converts you to an equivalent currency used to play, which is virtual money. You guys also have a more understandable example: when you go shopping or hunt for sales, you get vouchers or loyalty cards, that's also virtual money. This type of currency is only available within a narrow range where the issuer is the head of a certain company or business. You cannot bring this currency to the same area to use, for example, a voucher from this shop cannot be used for another shop. Because of these weak properties, it carries great risks. It is also a currency that is confused with Crypto.📌 2. MONEY IN CRYPTO MARKET ✍️ In the Crypto market, to trade we all know that we must convert from fiat, cryptocurrency to three main coins: stablecoin, BTC and ETH. There are also forms of direct conversion to other altcoins such as P2P or funds that give money to the project and receive back the agreed amount of tokens. ✍️ Currently, currency and coin conversions before and after transactions, if the amount is small, users will process it directly on the exchange. If it's big, then P2P and P2P have many ways. Based on that, some individuals or organizations open P2P services and earn a lot of money through consensus differences. That is for stablecoins, but for BtC and ETH it will be more difficult. Because if the person holding BTC and ETH has enough tokens to convert at the time of DCA or their trade plan, it is unlikely that they will be willing to convert, so there will be inadequacies. ✍️ Every time an amount of money is poured into any project, it will directly impact the market, whether big or small. Except for other larger values, in the end what the vast majority aim for in this market is profit. But profits are converted into money. And how will the cash flow in this market work, let's go to part three.📌 3. CASH FLOW IN CRYPTO ✍️ In a financial market, in addition to the backing team - MM, political and military news events, economic indicators, cycles and processes, cash flow is one of the most important factors causing market fluctuations. In terms of macro, when there are bad changes in society such as war or epidemic, the main flow of money will flow to the gold market, a few others will flow to Crypto, the rest like real estate or stocks will all dry up. clause. Even the interest rates announced by the FED have a huge impact. For example, when interest rates increase, cash flow from financial markets will be withdrawn to banks to make profits more safely (that is the principle of inequality). documents of individuals or organizations with really large cash flows, not just a few tens of billions of VND. When interest rates decrease, the cash flow is withdrawn to invest in economic and business development first, then poured into large financial markets with higher liquidity and safety than Crypto, and then added. Add some new reasons to pour money into Crypto. That is the rule of cash flow throughout the financial market. Applying the formula of not dividing eggs in one basket, we have trading tips according to macro cash flow (only suitable for medium and long term). ✍️ For Crypto, we have a rule of cash flow from past to present that will be fiat -> BTC -> top coin -> mid cap -> low cap -> meme and shitcoin and then back to fiat. From that rule, tips for trading according to cash flow are formed. However, in reality that is not necessarily the case. Digging a little deeper, I realized that the money flow rule will be in this order: - Fiat -> BTC -> Fiat (1) - Fiat -> coin top -> fiat (2) - Fiat -> mid cap -> fiat (3) - Fiat -> low cap -> fiat (4) - Fiat -> memes and shit coins -> fiat (5) * Worth noting here is that sometimes MM will drive according to the correct order above, but sometimes the order will be reversed without logic depending on the time and INSPIRATION of MM and users. So when is the correct procedure and when is it not? Uptrend is often correct, downtrend is bad luck. At this point, perhaps you have realized what tips for trading with cash flow are like. ✍️ Another perspective that shapes money flow trading tips is the ecosystem. When money flows into a project, the projects in its ecosystem will enjoy a share. For example, if the flow of money into ETH causes ETH to increase in price, projects within the ETH ecosystem or areas directly related to ETH will all increase accordingly (depending on more or less). Personally, when ETH upgraded to Merge, the ecosystem had a very small growth rate slower than ETH. I checked everything and found that ANKR had not increased. I was confident in placing orders on Kucoin and winning. x4 orders in two days, because I didn't take a screenshot last year, but my Kucoin account changed phones this year so there's no more specific evidence data for everyone to see. This is an extremely simple trade tip but requires keeping up with cash flow. ✍️ Another very hot money flow trading tip recently is Upbit's volume and the antics of giant DWF. For any project volume where Upbit floor is higher than other exchanges and accounts for more than 50% of the total project volume in the entire market, 80% of that coin pumps. Or if DWF has a signal to invest or transfer any coin, it will pump in about 1 week to 2 months. From there, it can be deduced that by tracing these two aunts, we already have another trading tip. ✍️ The above money flow trading tips are based on the principle that "a rising tide lifts all boats". Everyone can test and feel for themselves. However, the market has changed, for example, there are all Binance products and caps of tens of millions, but only ID has been pumped slightly and MAV is not getting anywhere. This is similar to the rule of cash flow in the downtrend season mentioned above.——————————————————————-—— In addition to understanding and deducing trading tips according to the flow money, the necessary and sufficient condition is to closely follow the market, continuously update news, check on chain, and evaluate macro. Depending on taste, each tip will be suitable for each person.——————————————Thanks for reading!
HOW TO DETERMINE THE BUYING PRICE AREA OF A PROJECT
(For newbies who have little time to look at the chart)
Hello everyone, some of you often have questions about how to buy to have the opportunity to experience the feeling of taking profit, because many Fomo people buy right at the top, how much profit has been made yet, and determine the entry to buy. How, when to DCA, when to stop...etc. Do I have to DCA the average price every time I drop 10-15% to get a nice entry? In this article I will share how I buy. How are you? Applicable to newbie holders, newbies only for a short time, any old owners have other ways to play or traders to skip, please help me. (Note, if this method works well for me, it doesn't mean it's good for you. Because each person has their own way of playing, there is no right or wrong way to play this way, please consider it as an option to gain more perspective. , if it's okay then apply).Okay, let's get started!!!.STEP 1: DETERMINE A GOOD PROJECT TO BUYThis step is the number 1 most important, if you do this step wrong, the tools behind are almost no longer makes any sense. It sounds simple at first but is quite difficult. Identifying a genuine project is not simple. If you don't know how to research information for a project without dying, being delisted, and devs still working, I will have a tutorial article later. => Identifying a good project to ensure that you don't DCA the wrong project like LUNA, or DCA worthless shitcoin and memecoin projects is completely hitting the rocks. Projects that follow meme trends should not be DCA, if you determine the dose then eat a lot, if not then just leave it alone. => OKAY, if you have identified a good project, apply the following method, otherwise skip it. STEP 2: ALLOCATE CAPITAL IN GOOD PRICE AREAS TO BUY (use the RSI indicator at the price zone sideway) You determine that project A is a good project and decide to invest in this project for the long term (note that the long term is measured in months or years) rather than buying it for a few days without increasing quickly. At this point, you need to determine the maximum amount of capital that you will disburse for this project according to the plan. For example: You decide to invest in LINK with a capital of $1000. If you buy all of this 1k USD, stop and don't spend any more money. Okay!!! - Divide this $1000 into 5 equal parts. And buy it 5 times. Note that this capital of 1k is used for idle money, so that there is no pressure in the long term, avoid borrowing and then be stressed if expectations are not met. - Okay, after dividing it into 5 parts. Please show me the D chart (I usually use the DAY/D time frame) of that coin/token on tradingview. - See the chart to know the sideway price range over a long period of time (price fluctuations in a small range, like $LINK is a typical example, I put the image below) - And next, set yourself the RSI indicator (Relative Strength Index) which is the relative strength index. Just use this simple indicator to avoid confusion. Basically, you understand it simply like this. The structure of RSI includes 2 parts: - The RSI line moves up and down in the range from 0 to 100. - The upper border (default is 70), the lower border (default is 70). determined to be 30). => When RSI is below 30, it indicates that the market is oversold (possibly about to bottom and increase in price again). => When RSI is above 70, it indicates that the market is overbought (possibly about to peak and decline). Okay, I'll explain it simply like that, you can go to Google and type in what the RSI indicator is to learn more and understand clearly. sideway price to allocate, pump-dump is ignored) - When the RSI line goes to the lower border of 30 (where the market is scared, falls into an oversold state, prices plummet...etc.v), you can combine the general situation, consider buying the first time. - When the RSI line goes down and continues to touch below the 30 line the second time, consider allocating a portion of capital again the second time. And do Do the same for all 5 times. You will have a price range that according to DCA theory is reasonable. At this point, the following questions will arise: - If RSI touches close to 30, for example 32-35-40, should I buy it? The answer is no, because you should be disciplined with your plan. For example: My plan is for the RSI to be below 30 before buying. Even if it is 30.5, I still won't buy it. Even though I will miss the opportunity to buy at a good price, discipline is discipline. Please comply. - If the RSI is below 30 and you think the token price is too good, can you allocate more to buy? So my answer is NO, be disciplined with your investment decisions. Every time you buy 20% of capital, only buy 20%, neither more nor less. As long as there is money, there is still a chance. How can you ensure that your greed will not arise in the future? If you want, you can divide it further into 10% or 5%, depending on what you personally want. When you have just finished buying for the first time, the RSI bottoms out below 30. After you finish buying, there will be 2 cases: - Case 1: You have finished buying for the first time. 1 or 2 times the price increases, but only the capital budget is 1 or 2 times less than 5 parts => Okay, this is fun, what else is there to say, buy the increase immediately. At this time, research and watch the news to plan the sale, depending on each person. The remaining parts are used for other projects or as backup USDT, etc. - Case 2: after buying the first time, the price drops, continue to monitor and buy the second time according to the rules above (for every RSI bottom of 30, the remaining part is 1 time supplement) to get the most reasonable average price. Because no one knows where the bottom is, with this indicator, we can only know which area is a reasonable buying area at that time. . Okay, after allocating capital 5 times, there will be 2 events. - Event 1: From here the price starts to go up and you make a profit after averaging the price of all 5 purchases. => Plan to take profit - Case 2: The price will continue to go down from here, and touch RSI 30 many more times => Ignore it, because I have already disbursed capital for that project, for example: Section If your goal is to buy 5 times, after allocating capital exactly 5 times, you are not allowed to spend any more money. It goes against the original rules. Or if you want, you can divide the amount into 10 times depending on each person. At this time, we also need to review and review the project from STEP 1, see if it is a good project, does it meet the requirements, is there any fud, any drama, etc. .This method of determining overbought and oversold areas according to RSI, if read extensively, also has a lot of additional knowledge, such as RSI divergence predicting the reversal trend of the price line, etc. But at a basic and less complicated level, newbies can refer to the most basic way, which is to determine the upper and lower border lines and wait to monitor and allocate capital. Easy to understand, easy to do, not fussy, suitable for those who want long-term treatment, and those who don't have as much time as me. This method I find suitable for beginners, the reason is because HOW TO USE IS SIMPLE, no one knows Know where the bottom is to buy once and run out of capital, so you have to buy slowly, even though you may not be very sure about the bottom price area, but at least you have a basis to cling to to buy. Me too, I don't know where the bottom is, I often have the mentality that if I don't buy it up I'll regret it, but after I buy it I'm afraid it will go down...etc.v. If done correctly and disciplined for each capital allocation, I believe that you will have a total entry level after many DCA times that is not too bad, or at least will be much better than just plugging in and buying without knowing. At what stage is the market at, it is easy to swing to the top. Above is the method that I learned and applied effectively for myself. And I feel confident every time I go down to disburse capital, no longer like before when I see a 10-20% drop and then rush in to buy DCA, leading to swings to the top. You can refer to it, it might be suitable. for me, but not necessarily true for others. In general, there is no right or wrong. It is not necessary to mechanically apply it if you do not understand it clearly, I am sharing it so you can have more investment perspective. Thank you everyone for your support, have a good day! Please show me the D or W chart (I usually use the DAY/D time frame) of that coin/token on tradingview. - Look at the chart to know the sideway price range over a long period of time (price fluctuations in a small range, like LINK is a typical example, I put the image below) - And next set yourself the RSI (Relative Strength) indicator Index) is a relative strength index. Just use this simple indicator to avoid confusion. Sideway price range to spread capital when RSI <30
In the cryptocurrency market, speculation is very common, and therefore the concept of "opportunity" is often absent in investing. This is usually just a way to evaluate market participation - you are placing a bet. If you are right, you can profit, but if you are wrong, you can lose money. The end result of making profits or losses depends on how you manage your capital, your psychology, and the position you are in the market. 👉It's important that you don't rely entirely on the concept of "opportunity." Instead, always consider creating a backup plan, a way out in case the market turns unfavorable.