How can one make money in the cryptocurrency market? Suppose you fully invested in a cryptocurrency, and the price of that coin immediately started to rise after your purchase, doubling within 24 hours. However, during such rapid increases, the market typically does not exhibit linear growth but instead experiences fluctuations, known as the "wash trading" phenomenon. These fluctuations often lead some investors to sell early due to the inability to withstand short-term price volatility, even if they originally held a large position. Therefore, even if the market ultimately reaches the expected price target, those investors who exited early out of fear of loss or in hopes of locking in profits cannot enjoy the full benefits of the price increase.
It is worth noting that from a statistical perspective, encountering a consecutive 24-hour surge right after buying a particular coin, especially in the highly volatile cryptocurrency market, is an extremely low-probability event. Even when such situations occasionally occur in the market, it is difficult to ensure that every investor can accurately seize such opportunities. For most investors, achieving long-term stable returns relies more on a reasonable investment strategy, risk management, and a deep understanding of the market, rather than relying on unpredictable low-probability events. Therefore, it is advisable for investors to focus more on research and analysis when making investment decisions, avoiding neglecting potential risks in pursuit of high returns.
Consider holding long-term, the Dogecoin named after Elon Musk, which has continuous community charitable endeavors and is sure to stand out in this bull market.
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