Many people actually misunderstand how to make money in the cryptocurrency circle.
They think that making money in the cryptocurrency circle is gambling money, which is to look at the price of the target, buy at a low point, sell at a high point, and make a profit difference. If you misunderstand this concept, then no matter how hard you work, you will lose money. The essence of buying low and selling high is to look at the future from the present, whether the consensus will expand, it's that simple, make money if you are right, and lose money if you are wrong.
For example, if a coin project is very valuable, everyone says it is good and buys it, then you will definitely not make a lot of money. Not losing money is already a blessing, and the profit is of course very meager.
Because when everyone says it is good, there is no cognitive difference between people. The cognitive difference is actually the difference between the future and the present of the coin, not the difference between the current coin price. The cryptocurrency circle is the money of those who have cognition first and those who have cognition later or have no cognition.
So if you want to make a lot of money in the cryptocurrency circle, you must buy assets whose consensus will expand at some point in the future. Or when the market is desperate and everyone thinks it is bad, they all sell at a loss. If you go in or hold on firmly, your cognitive behavior is different from theirs. This is a cognitive difference. If you make the right judgment, you will get rich in the future.
This is the correct methodology of buying low and selling high. What you have to do is to be different from most people and do it right. Suppose one day Bitcoin has become a household asset, and you go to deposit money, and the bank asks you whether you want to buy some Bitcoin financial products. At this time, the basis for the continued expansion of consensus may be gone, and the income will become very ordinary. That may be the time for you to sell BTC.
