Once you understand the tricks of trading cryptocurrencies, it feels like life is on a fast track! In the crypto world, true experts are not defined by dazzling techniques, but by their strict adherence to unbreakable market rules.
1. When the price is rising, don't try to guess the top; when it is falling, don't try to estimate the bottom. Some people don't believe Bitcoin can soar to $150,000 because the crazy momentum of a bull market has not yet arrived. Take $68,000 as an example; you think it looks like the bottom, and then it suddenly drops to $62,000, and before you know it, it's at $56,000.
1. When buying and selling, it's best to change by just one percent at a time. Why do you find it difficult when you have less capital? Experts increase their investments little by little; the cost of trial and error is low, and opportunities naturally multiply.
2. Don't be afraid of high prices; fear makes it hard to make money. Think about it: when the main force pushes up a coin, the cost is not a small number. Advertising, chips, development—each one requires a huge investment. They need to make several times, even dozens of times, their investment to be satisfied.
3. In a bull market, that's where the turnaround lies. Even Buffett has to admit defeat when facing a bear market, which is why he sticks to US stocks and stays put in Omaha.
4. Technical indicators are just for reference; don't take them too seriously. They are always a step behind, only saying prices are good after they have already risen significantly. By then, are you still chasing? Just like MACD, as soon as the golden cross appears, it changes the next day.
5. Believe that you can make a profit; this is essential. Which big player hasn't risen from losses? But they have never been completely knocked down. If you don't even believe that you can make money, how can that money ever come into your pocket?