In the ever-changing cryptocurrency world, to achieve results, one must actively learn and improve their thinking.
10 top mindsets that can help one survive and make big money in the cryptocurrency world, reminding all cryptocurrency traders to keep in mind:
1. The standard for judging experts lies in their duration of being in cash: True experts do not just profit when the market is rising; more importantly, they understand when the market is unclear or risky and decisively choose to be in cash. This patience and discipline are core elements of success.
2. In a bear market, every purchase may be a mistake: During a bear market, the overall market trend is downward, making any buying behavior likely to encounter even larger declines. Therefore, maintaining a cautious attitude and minimizing trading, or not trading at all until the market stabilizes or a bull market arrives, is the wise choice.
3. During a bull market, any sale may be a mistake: In a bull market, prices continue to rise, and selling too early may result in missing out on even greater profits. Hold on and go with the trend, and only consider selling when the market trend shows a clear change.
4. The essence of investment is to buy low and sell high: It sounds simple, but the actual execution is fraught with difficulties. The core point is to have enough patience to wait for the right entry and exit points, and not to be swayed by short-term market fluctuations.
5. The direction of the market is determined by the major funds: The main direction of the market is driven by large-scale funds. Understanding the dynamics of major funds can help us follow the trend and avoid being caught in counter-trend operations.
6. Technical and fundamental analysis struggle against the overall trend: Whether it’s technical analysis or fundamental analysis, they seem insignificant in the face of the market's overall trend. Following the trend is the key to achieving long-term profits.
7. Bearish news at the top indicates a bottom; one should sell decisively: When the market is at a high, negative news often signals an impending reversal, making it an excellent time to exit.
8. Bearish news at the bottom actually indicates a bottom; one must buy boldly: In the market's bottom region, negative news usually reflects extreme panic, and this is precisely the best time to buy.
9. Being wealthy once in a lifetime is enough; one must safeguard their acquired wealth: Never be greedy; know when to take profits at the right time and firmly protect the money you’ve already earned. This is a key point for achieving long-term success.
10. Bitcoin must be allocated; otherwise, profits in a bull market are uncertain: As the leader of the cryptocurrency market, Bitcoin often has the most significant price increases in a bull market. Properly allocating Bitcoin can help us achieve stable returns during a bull market.
