Achieving financial freedom at 30, I relied on trading cryptocurrencies, but what truly changed my fate were these 6 words I started to get involved in cryptocurrency at 24, with no background, no resources, just a laptop and a phone, in 2024, I grew my account to 8 figures. But I want to tell you: technology is not the key, mindset is the decisive factor. People in e-commerce and traditional industries may envy us cryptocurrency traders for not having inventory or disputes, but only those who have experienced it know that this market is a psychological game. With 6 years of experience, I have summarized 6 survival rules for the crypto world, I hope you take fewer detours and achieve "freedom" sooner. 【6 Major Laws of the Crypto World|Understanding them is worth more than learning ten types of techniques】: 1. Fast rise and slow fall = accumulation A sharp rise and a slow decline indicate that big funds are secretly accumulating. Don’t fear the drop; pay attention to the rhythm. 2. Fast fall and slow rise = distribution A rapid fall followed by a weak rebound indicates that the big players are exiting. Don’t be greedy for cheap prices; be careful not to become a bag holder. 3. Volume at the top = potential continuation; no volume at the top = time to flee Volume determines direction; where there is volume, there is action; without volume, it's the end of the line. 4. Volume at the bottom, don’t act impulsively; sustained volume is safe A one-time increase in volume may be a bait; multiple increases in volume indicate consensus is forming. 5. Trading cryptocurrencies is trading emotions; consensus determines direction Forget about the complicated structures of candlestick charts, return to market psychology; volume is the mirror of consensus. 6. "Nothing" equals everything Without obsession, greed, or fear, you can achieve a true winning rate. Only those who can remain in cash waiting for opportunities deserve to experience a big market. One last point: the only enemy in cryptocurrency trading is yourself. The data from the beautiful country, the announcements from the must-have, and the big players’ promotions, these pieces of information are just appearances; the real variable is the fluctuation in your heart.
Finally, I am Lao Zhang, and I hope today’s shared insights help you gain something during your confusion.
The compatible chain private key algorithms are the same, and can also decrypt without loss.
宇东
·
--
A painful experience from a month ago: Lost over $30,000 in BTC Bitcoin transfer.
A friend's experience, hoping it helps everyone, especially new investors. This lesson has really left a deep mark on me, and I hope my experience can serve as a reminder to everyone to avoid similar losses. The process is as follows: At that time, I was preparing to transfer the equivalent of $30,000 💵 worth of BTC Bitcoin to a partner through an exchange. He gave me an address on BSC (Binance Smart Chain), and I thought everything was fine, but I accidentally selected the Avalanche (AVAX) network for the transfer and confirmed it without checking carefully.
Login to explore more contents
Join global crypto users on Binance Square
⚡️ Get latest and useful information about crypto.