In the cryptocurrency world, should you hold Bitcoin or u?
This question was asked by a fan today. He thinks that Bitcoin, as the absolute leader in cryptocurrencies, can be used as cash, and that Bitcoin will definitely rise in value in the long run.
Therefore, it is most cost-effective to hold Bitcoin.
In fact, his view is correct. In the long run, Bitcoin will definitely rise.
But there is one problem that he may not have considered, and that is volatility.
Although Bitcoin will not lose money in the long run, if you bought it at the high of 69,000 in the last bull market and then held on to it, you would have almost no chance of surviving the last bear market.
After all, the drop from 69,000 to 15,000 would make even the old hands in the cryptocurrency circle lose their minds.
Not to mention everyone here, the current market is volatile, retail investors are in paradise for a while, in hell for a while, startled, frantically stop loss and add positions...
Therefore, you can invest heavily in Bitcoin, but you still need to keep enough cash on hand.
Of course, there are also several big investors in the Thirteenth Circle who went all-in on Bitcoin at around 30,000 and doubled the leverage.
Others are able to remain motionless regardless of whether the market goes up or down.
The most important thing is that others actually have money in reserve, and can ensure the safety of their positions if they encounter extreme situations.
They are supposed to make money, there is nothing we can do about it. Rich people have their own way of playing.
But as small investors, we don’t need to use Bitcoin as cash, but we must hold a large position in it.
Bitcoin is your biggest guarantee for survival in the cryptocurrency world.
Because he is Bitcoin.
2,
The biggest problem for retail investors is actually stop loss and take profit.
Never be willing to stop loss, never be willing to stop profit.
In fact, it's not just you. Even when the stop loss is set at thirteen, I still feel heartbroken. So in order to overcome this psychological weakness, I will directly set the stop loss point when buying.
After setting it up, I will record it in detail and generally will not revise it unless I encounter special market conditions, such as a big rise, in which case I will move the stop loss level up.
When retail investors make money, they always hope they can make more and are reluctant to take profits.
When the market pulls back, think that it is just a false pullback and it will come back soon.
After the pullback is really confirmed, a lot of losses have already occurred, and it will be even more painful to stop loss at this time.
After reaching the lowest point, the psychological defense line is completely broken, and it is time to stop loss. Strictly speaking, it is not called stop loss, but should be called cutting losses.
Often at this time the market will start to rebound, as if an invisible hand is controlling you.
If you encounter this situation, please don’t feel strange, because most people in this market are actually the same as you.
Because the purpose of the banker's control of the market is to make most people cut losses at low prices and chase high prices.
Every penny they make is taken out of your pocket.
The best way to deal with it is to have a long-term position and hold it for a long time within an investment cycle. No matter how the price rises or falls in the middle, you can sell it at the peak of the bull market.
What is the peak of a bull market? There are many indicators to judge it.
The best indicator is thirteen circles. I will tell you when to leave the market as soon as possible.
Everyone is welcome to join.
3，
The market is always going up and down.
As long as it does not fall below 60,000~59,000, our operation method will still be effective.
Short-term positions are bottom-fishing at low levels, selling at around 640,000~65,000.
The longer the volatility lasts, the bigger our position will be.
Many friends always like to ask Thirteen after the market goes up, will this coin fall back?
After the price goes up, our operation should be to sell instead of considering entering the market.
Especially in this circle, there are a lot of magical coins every day, and the price increases frequently.
The leeks seem to have eagle eyes and can accurately find every coin that has skyrocketed in price.
This is when their confusing behavior begins: chasing high prices.
Once some coins skyrocket without any warning, it means that the risk is very high. Entering the market at this time is undoubtedly like playing a life-and-death game.
In a volatile market, if you hold these coins, the correct thing to do is to sell them, rather than buy them at a high price.
Being a bag holder in real life and being a bag holder in the cryptocurrency circle, isn’t life quite sad?
Some people say that I made money by buying this coin at a high price.
This kind of situation will definitely happen, but as long as you don’t leave the market, you will eventually be ripped off.
This circle is very realistic. All currencies other than mainstream currencies are actually worthless, and their greatest value is speculation.
It is equivalent to the dealer developing a fund transfer game, which concentrates your money in the dealer's hands through a series of seemingly fair rules.
this is the truth.
Only a small number of people can become the fish that slip through the net, and the purpose of our Thirteen Circles is to make everyone become the fish that slip through the net.
Break the rules and break through human nature.
Become one of the few people who make money in the cryptocurrency world.
Come on, people in the cryptocurrency world,
Welcome to: Minus Thirteen Degrees
Let’s go through the bull and bear markets together and see through the mundane affairs of the cryptocurrency world.
