Why do some people say not to trade contracts in the crypto space?
Because this is a correct but pointless statement. When investing, you need to choose based on your own situation, rather than blindly following others' advice. If you have only 10,000 or 20,000, trading BTC or ETH spot is not as good as delivering takeout. If you have 1 million, trading BTC or ETH spot is a stable way to happiness. The stock market is the same; when two or three thousand people are obsessed with value investing every day, it makes me want to laugh. Isn’t this pure nonsense? The same goes for trading coins; if someone only has a few thousand, recommending they buy the top ten market cap coins is just crazy. To some people, not trading contracts is the right thing to do, and they tell everyone not to trade contracts. Their monologues have no substance. If you already have a few million, you don't need anyone else's advice. If you don't even have 50,000, then you need to take a gamble. In this market, you either go to zero or get rich, there is no middle ground; most people end up going to zero. When you have no money, you need to open your mind, dare to gamble, and test your luck twice. With one heavy investment, you won’t be too different from the experts; it’s essentially a game of luck. If you place ten orders, the gap between you and the experts will become apparent; they have trading systems, capital management, and information sources, while you have nothing. The experts are highly likely to win, and you are sure to lose. Understand this statement, and you might have the opportunity to get rich. Ordinary people trading coins do not just check this and buy that, or buy a pile of junk, fantasizing about buying a tenfold coin. Instead, they should boldly go all in, believing in their own luck first. When you understand the difference between going all in once and placing ten orders, You already have hope for accumulating your first bucket of gold.
The TROY long position made yesterday, if friends who are currently confused and directionless in trading comment 1, this bull market will help you reach the shore #美国大选后涨或跌? #11月市场预测 #美联储利率决议来袭
Why is it harder to make money in this bull market than in previous bull markets?
1. The rules have changed In fact, most people have known about the cryptocurrency market since 2015, so most people did not participate in the bull market before the 2017 bull market. Most people participated in the bull market starting from 2017. Then in 2021, everyone found the rules through the first two bull markets and made money through the rules. Once the rules are broken, basically many people will not think about it, breaking the comfort zone of thinking. Once it is different from their previous operations, there are only two results to face, one is to lose money, and the other is to miss the opportunity.
2. The dealer has changed Why did the rules change? The main reason is that the dealer has changed. In this round of bull market, a lot of formal funds have entered the market. Before the bull market came, the big funds have already entered the market, and retail investors began to be confused. Is the bull market coming with so many funds entering the market? But it just so happens that only the mainstream and Meme bulls are bullish, and other value coins are standing in line, such as Dash Dash, Qtum quantum coin, no action. The dealers are good at playing, and the whole retail investors are sick.
3. Retail investors have not changed In fact, the psychology of leeks has not changed, and they are prone to fixed thinking. Many of them are following the previous rhythm, but the rhythm has changed and retail investors can no longer play. In the past, they studied value coins, but in this round of bull market, they directly gave you Meme, a bunch of air coins, which made you confused. Air coins fall and there is no bottom, and the ones who lose money are naturally retail investors who chase the rise.
The 25-year bull market is about to come, and I plan to layout some tokens that are about to usher in good news, and also look for some currencies with long-term potential to hold until the end of the year. Friends who play spot can leave a message 1 to get my latest strategy and detailed points! The same is true for contract players, leave a message 1 to help you get rich
If you are currently losing money in contracts, then you need to read this article carefully. Please be sure to follow these points to ensure you can achieve profitability. A sharing of insights from a 6-year veteran in the market, the following points are very important.
1. Learn to take profits and cut losses This point has been said many times. The market changes rapidly, and you must learn this. It’s not difficult to say; taking profits controls your greed. A cryptocurrency will not rise indefinitely, nor will it fall continuously; both have cycles. This is why taking profits becomes especially important. Don’t say that you exited too early and missed out on later profits. You must remember that you can’t make all the money in the crypto world, but you can lose all the money in your account. Cutting losses means abandoning sunk costs. This is also very difficult. Do you think that if you hold on a bit longer, it will reverse? Never think like that. If you are wrong, you are wrong; admit it. When you get hit, stand tall. Losing a limb to survive may be painful, but it can really save your life.
2. Do not trade frequently This is a big taboo. Are you always thinking about making money on both sides? Wake up; not many people can do that. Be content if you can make money on one side. Another point is transaction fees. It’s okay with low leverage, but it’s painful with high leverage. As soon as you open a position, you lose 1-2% of your profit. You need to ensure that this trade can make money; otherwise, opening this position is meaningless.
3. Learn to stay out of the market When you don’t understand the market, don’t open a position. At this point, you might say, "It’s painful to miss out on the market." But let me ask you, what’s more painful: missing out or losing money? Opening a position without understanding the market is no different from gambling. Trading is about having a probability advantage. No one can accurately predict whether the market will rise or fall; the market changes too quickly. You can only say that there is a high probability it will rise or fall.
4. Progress step by step Don’t think you can become rich overnight; this is a gradual process. The crypto world will not make you wealthy instantly. For example, if you use 100 for capital, go long with 10x leverage, your position is 1000. If it rises by one point, you make 10 dollars; if it rises by two points, you get 20 dollars, which is enough for a breakfast. Now, working in a factory earns 15 dollars an hour. If you open three to four trades a day with a win rate of 60-70%, isn’t that more comfortable than working in a factory?
Friends who are currently confused and lack direction in trading, leave a comment 1; this bull market will help you get back on track. #美国大选后涨或跌? #11月市场预测 #11月市场预测
With 5000 yuan in cryptocurrency trading, how can I quickly reach 100,000?
Listen to my advice: In the early stages of trading, don’t fantasize about getting rich quickly, but rather learn more, and use small funds to experiment and improve yourself. The most important thing is to gradually form your own trading system!
The essence of trading is: cut losses when wrong, hold when right, small losses and big gains, manage large profits and losses. Specifically for each core element:
1. Follow the trend: Find a simple moving average to determine long and short positions; go long only above it and short only below it. 2. Test position: Act in accordance with the trend, follow the big trend and counter the small trend. When entering, consider a sufficiently large potential risk-reward ratio; if you enter at this position, the stop loss is small if wrong, but if right, the profit is large, generally at the bottom of the trend or early in the trend. 3. Test position stop loss: If a key point is broken, you must stop loss; no room for luck. If the price comes back, you can look for another opportunity to enter. Do not have a lucky mindset, thinking it might bounce back, and definitely do not average down losses. 4. Increase trend position: Add to a profitable position; adding is the core of making big money. After the price rises as expected, if it retraces to a support level or breaks previous highs, add to the position—follow the big trend and counter the small trend. 5. Set stop loss for trend position: For newly added trend positions, move the stop loss to the new key point. The main position is already safe; only the added position carries stop loss risk. If it fails, stop loss the added position and wait for the next opportunity. If it continues to rise, hold the position firmly, continue to wait for a retracement to add, and keep moving the stop loss. Until the last stop loss is triggered or a head signal appears to take profit. 6. Take profit: Never take profit easily; this is the key to making big money. Exiting can be in batches or all at once, preferably all at once, as this allows you to wait for the most probable head signal. If it’s right-side trading, floating profits will definitely retrace, you must accept this; don’t think about selling at the highest point, or if you didn’t sell at the highest point, feeling like you lost and waiting to sell at the highest point. As long as you can master and follow these principles in practice, and maintain discipline and consistency, you will find that making money comes naturally!
The picture below shows the TROY multi-dan I did with fans yesterday. Friends who are currently confused and directionless in trading, comment 1; this bull market will help you get on shore. #美国大选后涨或跌? #11月市场预测
A fan asked, he plans to use 5,000 yuan to speculate in cryptocurrencies, how can he make 100,000 yuan?
I believe many friends also want to know the answer? I tell you, you can. 5,000 yuan to 100,000 yuan, that is, 20 times. You need about 3 bull-bear cycles. One bull-bear cycle is 4 years, and three bull-bear cycles are 12 years. You have to stick to a set of methodologies for 12 years. Ask yourself first, can you do it?
When you have confirmed your heart, feel that you can, and really want to turn 5,000 yuan into 100,000 yuan, and can persist for more than 10 years, there is a very clear logical methodology
You only buy BTC and ETH, and build a position in the bear market. If you don’t know how to build a position, then you can passively invest in DCA in the bear market. Do you understand? Then hold until the bull market top and withdraw. How to identify the bull market top? I will tell you the simplest way: it is the 120-day moving average. If it falls below the 120-day moving average, it can be regarded as a bull-to-bear cycle. Combined with time judgment, for example, this bull-bear cycle is expected to top in 2025.
After one cycle, your assets should have a 2-3 times return. If you persist for three cycles, your assets will have a 20-fold return.
The most difficult part of this methodology is actually unwavering persistence and undivided persistence. Don't be half-hearted or dejected. Speaking of it, it is still quite rare. Anyway, for all methodologies, the most difficult thing to succeed is persistence, but the success rate is quite high. Are you willing to try?
Someone will definitely ask, what if I take 5,000 yuan to do a contract?
It is very likely that you can reach 100,000 in a very short time. Before, a fan took more than 1,000 u and followed me to do a contract. In a month, he reached 20,000 u, so the contract must be much shorter than the spot time.
I landed the contract. Yesterday, I asked everyone to do a TROY long order. Guess where it went? Friends who are currently confused and have no direction in trading can leave a comment 1. I wish you success in this bull market #美国大选后涨或跌? #11月市场预测 #以太坊白皮书11周年
I lost nearly 100,000 in the crypto contract market. Can I recover my losses by continuing to play?
Playing contracts is generally like this.
High returns come with high risks, and the risks of contracts are also related to the leverage multiplier you choose. However, my personal advice is that those with a larger amount of capital should not play contracts. This is because contracts exploit human greed; once you start tasting the sweetness of profit, you will completely fall into it, and in the end, you will lose everything, leaving you with nothing. I have yet to hear of anyone making a substantial profit solely from contracts; you can ponder the implications deeply.
Friends with less capital can consider playing contracts, putting aside some funds that won’t affect your life even if you lose them. Mainly because with too little capital, buying spot won't create much impact. That’s why I say this. However, weighing the pros and cons needs you to think it through yourself.
For those who took the long position on TROY yesterday, you really made a lot of money. Friends who are currently lost and directionless in trading can comment with 1; this bull market will help you reach shore. #美国大选后涨或跌? #11月市场预测 #美联储利率决议来袭 $TROY
How long does it take to make the first pot of gold in the crypto world?
How much is this first pot of gold, 100,000? 1,000,000? It also depends on how much your principal is. Some people play contracts with 100,000 and make 1,000,000 in just a few days, but they don’t want to stop, wanting to wait until they make 2,000,000 before stopping, then 3,000,000, and thinking about 5,000,000. If they don't reach 5,000,000, their luck runs out, and they start losing money. The profits go back to the market, and the principal is lost, even needing to continue borrowing to try to win it back, resulting in a vicious cycle, getting deeper and deeper. Others invest a few thousand in a meme coin and hit a 10x or 100x return, having good luck and exiting at the peak. By picking the right meme coin, they accumulate their first pot of gold. Everyone has different ways and timelines for making their first pot of gold in the crypto world. It’s still essential to combine your strength and resources, find a way, stay grounded, and you will definitely reap rewards. In the cases of my friends around me, some have accumulated 1,000,000 in one year, while others took three years; some even went from having millions in assets to being in debt. Everyone's luck is limited; what is earned through strength can also be lost through luck. In these past few days, MOODENG plummeted, and I let my fans short it in advance, achieving a 30% profit; a 30% profit at 30 times leverage is 900%. So how long does it take to make the first pot of gold in the crypto world? It varies from person to person.
Friends who are currently confused and directionless in trading, leave a comment 1, this bull market will help you get ashore. #美国大选后涨或跌? #11月市场预测 #美联储利率决议来袭
What to do if you keep losing in the crypto space?
The main reason most people in the crypto space incur losses is due to unregulated high leverage operations. What are the rules? A closed-loop rule is a trading system. For example: Which time frame to operate on, does it fit your personality and schedule? How to determine the direction? What are the entry conditions? What leverage to use? Should I buy all at once or in batches? Can the leverage used withstand the volatility within the operating period? Where to set the stop-loss? If stopped out after buying, what percentage of total capital does the loss represent, and how many consecutive losses can the total capital withstand? And so on. If you don't understand anything, then you can only enter the feeding mode: provide opening point, take profit point, stop-loss point. Strictly follow the strategy to place orders; only when you make a profit will it last, and your loss is of no benefit to me.
Like this fan who has been trading with me, Saturday's hippo short position directly resulted in a 30% profit. Friends who are currently confused and directionless in trading, comment and leave a message 1, this bull market will help you get back on track. #美国大选后涨或跌? #11月市场预测 #美联储利率决议来袭 $MOODENG
How to earn 1 million in the crypto world within a year?
Those who achieve ten times in a year are as common as grasshoppers crossing a river, while those who double in ten years are few and far between. Let me present a practical plan; if executed properly, earning 1 million is achievable. When Bitcoin's weekly price is above MA20, purchase two to three types of coins, which must be new coins and hot coins in a bear market, for example, APT before it surged; it was born in a bear market, and there are others like OP, that can take off as long as Bitcoin shows a slight upward trend. Always remember, the chosen coins must be popular and have a story to tell. If Bitcoin falls below MA20, cut losses; during the buying or waiting period, continue to make money, giving yourself two to three chances to fail. From bear market to bull market, if three times of 5 times profit can be achieved, about 125 times can be reached; this process takes as little as one year and as long as three years. Don't think what I'm saying is simple; there is always a huge gap between saying it and doing it. The question is whether you can hold on. 99% of people are like the big fool Chun from 'Charlotte's Troubles'; when house prices rise from 2700 to 2900, they sell. Why do financial giants call themselves giants? Because, like crocodiles, they can endure loneliness while waiting for prey, remaining still for a day or even several days. When they strike, they are as swift as the wind; do you think you can do the same?
On Saturday, let the fans do the hippo short position, successfully taking profit at 0.14; this worthless coin plummeted after losing its popularity, dropping 40% in 4 days; rushing in is the way to go. Friends who are currently confused and lack direction in trading can comment with 1 to help you get rich. #美国大选后涨或跌? #比特币矿工收入飙升 #美联储利率决议来袭 $MOODENG
Here are some of my insights on trading contracts: 1. Your mindset must be stable. When I first started trading contracts, I divided my 10,000 into 5 parts, with each part being 2,000. I would operate on one part at a time. At the lowest point, I lost 4 parts and told myself that if the fifth part was lost, I would stop trading. I must play the last part cautiously. 2. It's essential to summarize your experiences. From the four parts I lost earlier, my personal takeaway is to avoid greed. This is a common problem. The first time I saw the contract cryptocurrency I bought multiply by 5, I was reluctant to sell, and the next day it plummeted.... I regretted being greedy.. 3. Learn to take profits and cut losses in a timely manner. Set a target. I usually select two cryptocurrencies to trade from popular sectors or the top 10 by trading volume. I typically aim to buy when the price is down by 5%-8% from its value at 10 AM that day and sell when it doubles. 4. Reserve enough margin. Trading contracts can lead to losses, so please make sure to set aside sufficient margin. I generally reserve 1/3 of my margin to endure minor fluctuations. 5. Lastly, the money I earn from trading contracts, I usually take 3/5 to buy the platform's spot coins or other mainstream coins, while the remaining is reinvested in contracts. Buying platform coins is to increase my risk resistance.
On Saturday, I took a short position in MOODENG with fans, achieving a 30% profit. Friends who are currently confused and lack direction in trading can follow me, comment with '1' to help you get rich. #美国大选后涨或跌? #比特币矿工收入飙升 #美国选情僵持 $MOODENG
What impact do the four U.S. elections have on the cryptocurrency market?
Three months before the 2024 U.S. election, the price of Bitcoin plummeted to $49,000 on August 8. However, on October 7, it began a new round of price surge.
Two months before the 2020 election, Bitcoin's market took a sharp turn, with the price dropping by about 16%, from $12,000 to around $10,000, and then entered a long period of consolidation. At key points before the election, it began to rebound and continued to ferment, leading to a surge to nearly $60,000 in May 2021.
Three months before the 2016 U.S. election, Bitcoin's price faced a significant drop, falling from $750 to a low of $500, with a decline of over 30%. It then bottomed out and started a bull market.
In the 2012 U.S. election, 80 days before the election, Bitcoin experienced a significant crash, with a decline of up to 75%. However, after the election, it entered a phase of crazy increases.
Yesterday, the TROY long position that fans made had a profit of 20%. It multiplied several times. If you are currently confused and directionless in trading, leave a comment 1, to help you get rich. #美国大选后行情预测 #你问我答 #美国大选后涨或跌? $TROY $BTC
Can you make 1 million in the crypto world, and what are the methods to earn it?
Let me mention a few methods; those who want to make 1 million can take a look.
First method: It’s best to prepare around 100,000 to 200,000. Convert this money into USDT and keep it in a secure exchange. Then set it up to buy once a week, dividing the 100,000 to 200,000 into 96 parts. Buy once a week. During this time, do not look, do not move; buy 60% BTC, 30% ETH, and 10% BNB. That’s it. Then you just wait and wait. After one cycle, or two cycles, which is about 4 to 8 years. You can definitely make 1 million. This is the simplest and least competitive way. Second method: Of course, there are other methods, such as claiming airdrops, getting on white lists, and participating in new projects. First, you need to know how to program, operate remote servers, understand English, access first-hand information, and have the ability to operate in bulk, along with extremely focused energy to do this. To do this, you need a lot of learning to master various programming skills, which we refer to as crypto scientists. Third method: This requires a bit of luck. You need to pick a coin at the beginning of a bull market that can increase by more than 10 times. This requires a bit of luck, but more so your judgment. For example, how much traffic this coin has. Is there a new concept? Who is endorsing it? If it’s Sun Yuchen or a domestic scheme, try to avoid it. It’s highly likely to get scammed. This requires a certain level of analytical ability. You should make more friends and pay others to consult. The key is to ensure your own understanding keeps up. You need to have decisive judgment and decision-making abilities.
The above three methods are relatively certain ways to make 1 million. You can see which one suits you. Are you willing to endure such trials for money? If you can, then take action.
Friends who are currently confused and directionless in trading, comment with a 1, this bull market will help you succeed. #你问我答 #美国大选后行情预测 $BTC $ETH
I admit that the volatility of this market has disappeared, and the dividends no longer exist, but that does not mean there are no opportunities. The market always exists, and opportunities always exist. However, the chips in traders' hands may not always exist.
The market will present a very good opportunity in a state of excessive pessimism leading to deep panic selling, which is called bloody chips. Retail investors will painfully cut losses and hand over their precious assets, which is a profitable trade; this is the opportunity.
However, the opportunities that used to require only a few months or half a year to wait for may now take a year or even several years.
The previous trend where Bitcoin surged and altcoins crazily followed has changed; my theories, logical thinking, and understanding of the market have all changed.
What remains unchanged is that trends are born in despair, grow in doubt, mature in optimism, and end in intoxication. The most pessimistic time in the market is the best time for you to buy, and the most optimistic time is the best time for you to sell.
Opportunities always exist; brothers, I toast to this bowl of chicken soup.
Friends who are currently confused and directionless in trading, leave a comment with the number 1, this round of bull market will help you get ashore. #你问我答 #美国大选后行情预测 $BTC
At 20:30 tonight, the highly anticipated U.S. non-farm payroll data for October will be revealed! The market generally predicts that the number of new jobs added will be 140,000, a decrease from 254,000 in September. Let’s take a look together at how the market might react based on different scenarios after the data is released.
Higher than expected growth: If the non-farm data exceeds the market expectation of 140,000 new jobs, it would undoubtedly be good news, indicating that the U.S. labor market is still vibrant. In this case, investor confidence in the U.S. economy may significantly increase, pushing the dollar exchange rate higher. Meanwhile, precious metals markets such as gold and silver may feel some pressure, as investors may lean towards higher-risk assets. Additionally, this could clarify market expectations for future interest rate hikes by the Federal Reserve. In line with expectations: If the actual data is close to the market expectation of 140,000 new jobs, it may suggest that the U.S. economy is in a relatively stable development phase. At this time, market reactions may be relatively calm, but investors will still closely study other details in the data, such as the unemployment rate and average hourly wage, to further understand the health of the economy. Below expectations: If the number of new jobs added is below market expectations when the data is released, caution is warranted. This may indicate that the growth momentum in the U.S. labor market is weakening and could even be hiding some economic issues. In this scenario, investors may become concerned about the economic outlook for the U.S., leading to a decline in the dollar exchange rate. Precious assets like gold and silver may become new favorites for investors, with prices rising accordingly. Meanwhile, the market may also anticipate the Federal Reserve taking a more accommodative monetary policy to address potential economic slowdown risks.
Tonight's non-farm data will undoubtedly stir the nerves of the global market. Let's wait and see how the market reacts after the data is released!
Regarding tonight's non-farm data, the community password is ready; leave a message 1 to receive it. #美国大选后行情预测 #市场关注美国非农数据 #你问我答
Is the current cryptocurrency market a bull market? When will the next cryptocurrency bull market be?
The cryptocurrency bull market is divided into three phases: early, mid, and late. 2023 is a typical early bull market, characterized by BTC daily prices standing above the MA200; one can look at history, as this event occurs every year before a halving. 2024 will be BTC's fourth halving, and with multiple positive factors such as the BTC spot ETF and interest rate cuts, the capital volume will see an exponential increase. At the same time, the coins on exchanges have been withdrawn to wallets by holders, so the market will remain in a state of currency scarcity for a long time. Therefore, it can be concluded that 2024 will be the main upward wave of this bull market, with a strong bullish trend likely to emerge.
In 2025, the market will begin to fluctuate; referring to 2021, the late bull market has risks that outweigh the rewards, and it will be a slow process of building a peak, with significant volatility. To summarize, before the halving in 2024, BTC prices will be at relatively low levels. Also, do not envy those who bought at ten or twenty thousand because the risk level at that time is completely different from now. As Jesse Livermore said, he prefers to buy a stock when it breaks through its previous high because he can quickly earn 20 to 30 points of profit with almost no risk. Of course, true holders do not care about short-term prices; can you believe that a large portion of BTC holders has an average cost of around 300, and it recently rose to 70,000, making a profit of over 230 times while remaining steady? The power of belief is limitless; if someone still thinks BTC is a scam, then this wealth transfer is not truly over. However, after several bull markets in 2017 and 2021, each halving cycle sees Bitcoin rise significantly, often by dozens of times. With the positive factors of halving, interest rate cut expectations, and the ETF approval, why not be bullish? What I am observing is not my own emotions but a pattern that has lasted for over a decade. If you get hit once and don't feel pain, after getting hit several times, don't you still feel pain? Money comes from the wind, not from guessing based on feelings. I am merely summarizing historical patterns. There are no personal emotions involved. I want to say to friends in the market: cherish the present, cherish now; good times are few, but standing on the shoulders of giants in this era, this wave of wealth will be unforgettable for a lifetime. #你问我答 #美国大选后行情预测
After the 2024 U.S. election, what price can DOGE reach?
To be honest, no one can accurately predict how much DOGE will sell for after the election. However, some experts have provided their guesses.
Currently, DOGE is worth about $0.17133 each, having increased by 0.59% in the past 24 hours. Some predict that by November 2024, DOGE could rise to $0.174072, which is an increase of about 1.6%. But by December, it might drop to $0.137, which would yield a potential profit of 45.2% if purchased.
Looking further ahead, by 2025, experts believe DOGE could drop to $0.103, but it could also rise to an average of $0.189, or even reach a peak of $0.146. By 2030, the price range is even wider, with a minimum of $0.131, an average of about $0.309, and a maximum that could soar to $0.225.
Whether DOGE will continue to rise and how much it can increase depends on the results of the next election and the trend of the cryptocurrency market. #BinanceBlockchainWeek #下一BTC历史新高是多少? #你问我答
How long does it take to earn the first pot of gold in the cryptocurrency world?
I believe that if you have a small principal, you shouldn't play spot trading. Doubling two thousand only gives you four thousand, and you also need to be very lucky to encounter a doubling coin. Jumping between various coins is unrealistic; if you keep switching from one coin to another, your returns may not even match those who hold a single coin for the long term. It's like someone taking three steps forward and two or three steps back, after all that effort, they are still in the same place. Meanwhile, others take one step every day, and over time, they go far. If you want to take a gamble, of course, you can play contracts, but without sufficient professional knowledge + judgment + luck, it's also very difficult. You can only take a risk when the bull market or bear market is significant enough to increase the probability of both sides. In volatile markets, it's easy to get caught in both long and short squeezes. The only advice is to enter the market during a bull market and play spot trading; you might just encounter a fifty-fold or hundred-fold coin.
MOODENG's long position has once again achieved double returns. Friends who are currently confused and directionless in trading, comment '1'; this round of bull market will help you reach the shore. #BinanceBlockchainWeek #你问我答 #下一BTC历史新高是多少?
You can make money, but it may not be you who can earn it. It's the outstanding individuals. Newcomers should learn more from experience. Do not invest too much. You should have a sufficient understanding of your trading abilities. Start with small funds; this is my first piece of advice for newcomers entering the market. Trading is such a professional matter. It requires professional learning and training. The cryptocurrency market is highly volatile. You only need to catch one big market movement in a lifetime. Many people never manage to catch a significant move; they just keep flipping back and forth in short trades, losing and earning, without holding onto profits, only to lose them again in the next wave. Work diligently, study contracts seriously, but do not trade with heavy positions. Use light positions to gradually compound from 5000 to 50000. This process is the hardest, but it nurtures trading character. During this process, you can develop your own trading system, which can later be modified for other speculative markets. Then, use the same method of compounding from 50000 to 100000, 100000 to 200000, 200000 to 500000. Once you reach this point, you are not far from success, and you will find that you have already developed a stable method for earning profits, bringing you just one step away from becoming a millionaire. The essence of trading profit is not complicated; it's just spring planting and autumn harvesting. While fertilizing and tilling the soil are necessary, they are not essential. Even the best seeds need the right climate to germinate, and the germinated seeds need enough time to grow, blossom, and bear fruit. You need to be patient; pulling up seedlings will not help them grow. The most important thing is that if the climate is poor that year, no matter how much you plow and fertilize, it will all be in vain. Accepting this fact will help you know what to do. In life, you only need two bull markets, and you only need to be rich once.
Why does our country not allow the existence of virtual currency trading platforms?
I have been pondering a question for a long time. The country strictly controls foreign exchange every day, yet a group of people dealing with currencies can buy BTC here and then immediately convert it to USD to go abroad, and the country has no way to manage it. Can something that poses a huge threat to foreign exchange control exist? As everyone knows, the situation changed later. On September 30, 2017, virtual currency trading was banned. Some say that during this process, the country's foreign exchange did not decrease, so it had no impact. When the volume is low, it does not have an impact, but once the volume increases, the BTC held domestically is sold abroad more, someone will inevitably have to buy BTC back from abroad. People abroad do not accept RMB. At this point, foreign exchange will come into play. If you can't figure it out, just think about why the law stipulates that individuals can carry no more than 31.25 grams of gold when going abroad. Taking gold away doesn’t seem to affect foreign exchange either.
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In the current crypto market, do you think it's better to trade contracts or spot?
It depends on your capital, under 10,000 go for contracts, over 10,000 play with spot. Key point... Do not use online loans, do not use online loans, do not use online loans. No matter what you play, you must use money that, if lost, won't affect your life. Don't underestimate a bull market; it's very possible for spot trading to multiply by 10 or 20 times. Turning 10,000 into 200,000 is also a significant investment income for an ordinary family. However, if you want to get rich quickly in the crypto world and change your social class, then go for contracts, but it's recommended to start with a very small amount; the essence of contracts is to risk a little for a big return. Don't look down on small amounts; there are plenty of people around you who turned 500 into several million; the crypto world is truly a magical place. In today's social environment, for an ordinary person without skills, I can say the only way to achieve financial freedom is through crypto. I hope everyone can achieve their expectations in this bull market.
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