I entered the cryptocurrency market back in 2017. At that time, I made money by trading altcoins and contracts. Although I went through many ups and downs, I eventually made a lot of money, with my assets multiplying more than ten thousand times. In 2019, I earned over ten million. I'm not saying this to show off but to share some real insights with you so you can avoid detours and achieve financial freedom sooner.
First of all, trading cryptocurrencies is not a get-rich-quick scheme. Many people think they can invest a few thousand and make millions in a few months, but that mindset will ultimately lead to losing all your money.
You have to understand that trading cryptocurrencies is a long-term battle. You need to stay rational and always be aware of the risks.
You need to thoroughly research the projects you're investing in and know what you're investing in. You can use websites like CoinMarketCap and CoinGecko to check market capitalization and circulation. Then, use tools like Messari and Glassnode to check on-chain data. You should also look at the project's white paper to understand its technology and application scenarios. The team's background is also very important; projects backed by top institutions generally won’t be bad. Don't forget to check the community and development activity, which you can find on GitHub.
When investing, don’t put all your money in at once; build your position in batches to reduce risk. When the market is highly volatile, you need to be patient and wait for pullbacks or sideways movements to add to your position. Also, you must set stop-loss points; don’t lose everything because of one failure. Trading cryptocurrencies also requires understanding trends, identifying rebound points through technical analysis, and paying attention to market sentiment. When a particular coin starts gaining traction, that might be the time for it to rise.
The most important thing is to take profits. You need to set a profit target and sell in batches. Don’t miss opportunities because of greed. Trading cryptocurrencies relies on strategy, knowledge, and patience; don’t think you can get rich overnight; it takes time. Learn from failures so you can seize the next opportunity when it arises.
Opportunities come to those who wait; don’t rush into decisions. Seize your opportunities and don’t be confused by those that don’t belong to you. Trading isn’t about getting rich in one go; it’s about making consistent gains. Professionalism is the hard truth, and details determine success or failure. If you feel lost in the cryptocurrency world, I hope my sharing can provide you with some inspiration and help!
Next, I will help everyone look for high-profit opportunities in altcoins, and expecting returns of over ten times is completely feasible. Like and comment, and I'll guide you through the entire bull market!
