I started to speculate in cryptocurrencies in 2017 and lost money for 4 years, and made a profit for 1 year. In 2018, I was called the cancer of the cryptocurrency circle. Whatever I sold went up, and whatever I bought went down. I was liquidated continuously! I took a break for 2 years and now I am back in the cryptocurrency circle to ask for some living expenses! I have learned 5 precious experiences. Although the content is not much, every word is as good as gold!

1. Speculate in strong currencies. If you don’t know how to judge the strength of a currency, use the 60-day line as the dividing line between strength and weakness. When the currency price stands on the 60-day line, you can enter the market or increase your position if it stabilizes. If it falls below the 60-day line, you will be out. Under strict implementation, it is applicable to most targets!

2. Avoid those with continuous increases of more than 50%. If they rise a little, you will not be able to hold them, but will be worried. In comparison, the advantages of low positions are greater and the cost-effectiveness is higher. First of all, the risk can be controlled, the upward momentum is greater, and the chances of winning are higher.

3. There will be obvious characteristics before the main rising wave is formed. Usually there will be a wave of small negative and positive fluctuations with a rise and fall of -10%~20%. When the price of the currency is relatively low, you can actively participate in batches, and there will be a round of market in nine out of ten cases.

4. When a new concept track opportunity comes out in the market, there is a high probability that there will be 3-5 days of rising space. If you grasp this rule, you can easily keep up with the main force!

5. When the bear market comes, at least half a year or more of empty positions. When the market is not good, do less operations. Those who know how to buy are apprentices, those who know how to sell are masters, and those who know how to rest in empty positions are the ancestors!

The trend of the currency circle is full of uncertainty and challenges, but it also contains potential opportunities. When participating in currency circle investment, investors should fully understand the relevant risks, remain calm and rational, and respond to market changes with a steady strategy! ! !