In the crypto space, I've found that everyone is just an ordinary person, but many haven't grasped the nuances of this field. To put it simply, managing finances in crypto is like saving money in our daily lives; the goal is to double the money we have.
We can't just wait for opportunities to come knocking; we need to have insight to see which opportunities can actually make money. Usually, practice with small trades, but when encountering rare big opportunities, you need to strike decisively like a cheetah spotting prey, going all out.
Take rolling positions as an example; this is a big move that can only be used when big opportunities arise. The essence of rolling positions is to continuously increase the position when the market is good, using the profits to reinvest and achieve compound growth. Don't think about trying every day; as long as you can successfully roll positions a few times in your life, you can become a millionaire or even a billionaire. This business is definitely worth it!
Speaking of rolling positions, many people fear the risks. But to be honest, the risk of rolling positions is not that scary, even smaller than the risks of randomly opening contract orders. As long as you manage your positions well, you cannot lose everything. Rolling positions require brains, patience, and courage; understand it, and you will find the key to financial freedom.
When your capital increases, you should trade less on contracts. Don't think about making too much profit at once; seeking stability is the way to go. This is when the benefits of spot trading become apparent.
Now let's talk about picking tenfold coins. Many people have money in hand but don't know what to buy. In fact, choosing the right coin makes tenfold returns not a dream. But to find such coins, one must think and have a bit of courage.
In the crypto space, everyone loves to speculate on new projects rather than old ones. Old projects are stable but have limited potential. In contrast, emerging fields like RWA, DEPIN, Meme, and AI are like untapped gold mines, with huge potential.
In these new tracks, leading coins are like the shepherd, representing not only the future of the industry but also driving the entire industry to rise together. So when we choose coins, we need to keep an eye on these leaders; who knows, we might be able to get rich alongside them.
Market capitalization is also an important indicator of a coin's potential. A very high market cap indicates it has already risen, and further increases will be difficult. A very low market cap comes with high risk; it could disappear any day. Therefore, we need to choose one with a moderate market cap, which has room for growth but won't drop too drastically.
Finally, let's talk about the core idea. Don't be dazzled by those complex candlestick charts; the real skill lies in managing positions, gathering information, and understanding market sentiment. Good opportunities are usually waited out, relying on time and experience to hone.
For example, we recently focused on a promising coin in a hot sector, expecting it to multiply several times or even tenfold. This is all accumulated through time and experience; beginners shouldn't expect to achieve it all at once.
Once you've decided which coin to invest in, how do you find the entry point and manage your position? It's actually quite simple, pay more attention to market dynamics. When there are signs of movement, such as good news and everyone starts discussing whether a certain coin can be bought, that’s a signal. When people start debating whether to sell, the market sentiment is rising. At this point, you need to react quickly; don't wait until you miss the opportunity and regret it.
Are you stuck? When is a good time to bottom out? As the saying goes, when confused and helpless, don’t know what to do, just click on the avatar to follow me.
