If you want to make money, you have to be able to wait and find a reliable platform. I recommend Binance. Other small platforms may run away, and the money invested will be wasted. There is no need to watch it every day. The most important thing is to keep a calm mind and not worry about gains and losses. If it goes up, laugh, and if it goes down, be sad. But never cut your losses and believe in your beliefs.
The rule is that there is a cycle every four years. But only fixed investment can be used for arbitrage, and other methods that want to make money quickly are not allowed.
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Today we are going to discuss what logic those ordinary young people in their twenties and thirties used to make tens of millions in the cryptocurrency world?
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Small capital targets high returns; large capital prioritizes stability.Reversing this logic spells disaster.
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Some people believe that constantly accommodating poor or negative people harms one's own progress.
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No matter how good another person's strategy is, it is poison if it does not fit you.
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Do you know how many times you have been liquidated before you have made a profit? Do you know how many times your hair has turned gray while trading in cryptocurrencies? Do you know how you feel when you can't sleep at night while holding a position? Do you know the regret of missing out? Do you know the state of entanglement after stop loss? Do you know the mischief of greed in floating profit? Do you know that even though the direction is right, the entry position is not good and the position is not ideal, and the position will be liquidated with just one needle? Do you know how many times you have read the three books of candlestick charts, quantitative trading, and wave theory in order to trade in cryptocurrencies? Do you know that trading in cryptocurrencies and contracts is a mental explosion? Do you know that for the sake of physical and mental health, I started chanting and meditating again? Do you know that trading is anti-human? Do you know that trading starts to move at night? Do you know that you have to care about the US stock market, the Federal Reserve, the CPI, and the non-agricultural US index when trading in cryptocurrencies? Do you think you can make a fortune by trading in cryptocurrencies?
What if you lose money trading coins? Start with not caring from the bottom of your heart, and end with not caring. Eventually, you will reach a state of non-action and not caring.
After making profits, relatives and friends asked to borrow money. He lent out funds out of politeness. Borrowers got liquidated and could not repay. Money was lost, and family relationships were damaged.
Reminder: Please be cautious and rational, and do not be affected by market sentiment. Do not trade frequently. Cryptocurrency trading is risky, and many people cannot control their greed and frequently trade positions, chasing whichever is hot and whichever coin is rising.
In 2010, a college student mined thousands of Bitcoins on his home computer. Thinking the coins were worthless, he threw away the hard drive. Years later Bitcoin boomed, and he was filled with regret, never able to retrieve those coins.
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Those who can withstand the crash are those who play with spare money, while those who play with loans and heavy positions are prone to collapse. When making money, take out the cost and play with it with the profit, even if the loss is 0, it is not a loss.
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Guard against confirmation bias. Do not consume only information supporting your positions while ignoring counter-evidence. Engage opposing arguments to perceive markets objectively.
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Trading crypto is different from ordinary work, but the highest principles are often simple: avoid unnecessary danger, reduce attachment, and see things clearly.
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Chasing meme shitcoins essentially sends money to bot developers and MEV robots.
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Top strategists quietly weave networks like spiders. They build systems, gather resources, and create structures that continue producing results even while they sleep.
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