In the crypto circle, only those who really make a lot of money can understand the truth
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I have been in the cryptocurrency circle for so many years, and I have not seen many people who became rich overnight. Those who really make a lot of money rely on holding potential coins and hundred-fold coins at the bottom of the bear market, holding them for a long time, and selling them in the bull market.
There is no secret to wealth, but few people are willing to get rich slowly.
Step 1:
Don't think about making money, as long as you can fully implement your own trading system, trading plan, and trading principles, no matter what style.
As long as you can do it, you are already the first and have defeated most people in the market.
Step 2:
The reason for losing money in the cryptocurrency circle is multi-dimensional. The bull market frequently switches between long and short positions, plays with high multiples, buys options randomly, and lives towards death. Newcomers entering this market must not touch contracts. If you make money, you must withdraw cash because you don’t know when the original 519 will come back.
Step 3:
Get rid of high leverage, frequent trading, learn to withdraw part of the money you make, never charge it back if you run away, cherish the big bull market that God has given you, most people do not make money by their own ability, but just happen to get rich passively in this Kondratieff cycle.
Step 4:
The first rule of bottom-fishing when the bull turns back to eat grass is to buy more when the price drops sharply and buy less when the price drops slightly. However, you must control your position well. No matter how deep the retracement is this time, you cannot let a single position be too heavy and leave yourself no room for error
Part 5:
"Speculate on new assets, not old assets". New assets are the biggest outlet in the bull market. As long as you hit the outlet, it will be a natural thing to gain wealth. So as long as the direction is right, even if you invest less money and sell it earlier, it will be very profitable.
Step 6:
"Leading" effect, get used to buying the "leading" project of the track, and develop the habit of buying leaders. Many people have missed the "leading project" and turned to buy the so-called "second and third dragons", which also involves the risk of falling into traps. Generally, the real "leading" projects have a very high ceiling, so the project you think you missed may be only halfway up the mountain.
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