Mature traders need to develop strong self-healing abilities.
This ability allows you to finally seize that critical opportunity after repeated failures, especially in the cryptocurrency market, where most transactions may fail.
But as long as you can grasp a success at a critical moment, the previous setbacks are nothing.
Therefore, you must first learn how to heal your wounds so that you can go all out when the next opportunity comes.
Want to make a fortune in the cryptocurrency world? Then you have to pay attention to the following points:
1. Do not invest more than 60% of your funds and do not put all your eggs in one basket. 2. Never take out a loan or raise funds to buy cryptocurrencies. The risk is too high and you can’t afford it. 3. Choose hot leaders with high market capitalization, follow the general trend, and avoid unpopular coins. 4. Buying at a low price is the best strategy. Don’t chase the rise. There will always be opportunities. 5. Don’t worry too much about short-term fluctuations. Only by holding for a long time can you see real money. 6. Be patient. Frequent operations will only make you sink deeper and deeper. 7. Stick to your own judgment and don't be led by rumors. These simple principles are the basis for you to gain a firm foothold in the cryptocurrency world. Remember, stability is the bottom line.
In the cryptocurrency circle, it is not uncommon for old players to lose money, and it is even more difficult for novices to gain a foothold.
When everyone first enters the cryptocurrency circle, the goal is simple - to make money. However, the cruelty of the market is far beyond imagination. Many people end up with heavy losses in the process of pursuing profits.
You want to make money in the market, but don't forget that the dealer is eyeing your principal. In this market, the dealer has no shortage of experience or funds. What they really lack is "leeks" like you.
To survive in such an environment, the first step is to learn to operate cautiously. Market information is complicated, and blindly following the trend can only put you in a deeper predicament.
To go long-term, you need to analyze calmly and find a rhythm and strategy that suits you. The cryptocurrency circle has never been a paradise for getting rich overnight, but an arena full of risks and opportunities. Stability is the key to winning #币圈 #BTC☀ #ETH🔥🔥🔥🔥 #bnb
In the cryptocurrency world, if you don’t have help from a noble person and don’t have any talent, you will have to go through three cycles before you can achieve financial freedom.
First cycle: When you first enter the cryptocurrency world, you may be attracted by those stories of getting rich quickly. No matter what your personality is, you will follow the market as you see the market rising every day. At first, everything seems to be going smoothly, but when the bear market comes, you realize the risks and you may end up losing all your capital. Second cycle: After experiencing a round of bull and bear markets, you begin to desire wealth even more. You learn to ask around for information and try swing trading. When the bull market comes again, you do make some money, but greed makes you miss the best selling point. Once the bull market ends, you choose to hold on, looking forward to the next wave of market.
Two suggestions for newbies in the cryptocurrency circle (which can also be used by leeks):
1. The first lesson for entering the circle: There are too many scammers in this circle, so assume that everyone may be a scammer. Don't trust anyone's kind advice to "help you make money". This will help you avoid many pitfalls.
2. The second lesson for entering the circle: spend time screening and recording various information, learn to identify which information is effective, and keep tracking it. After all, sharpening the knife does not delay the chopping of wood. Most of the information is useless and may even mislead you.
The nine rules of the cryptocurrency world can help you avoid three years of detours if you master them:
1. Hold on to low-priced chips: Don’t be fooled easily, stick to your own judgment, and beware of the dealer’s tricks. 2. Avoid chasing highs and selling lows: Going all in will only make you suffer losses. When the general trend is positive, building positions in batches will have lower costs and greater returns. 3. Reasonable distribution of profits: Don’t just add more money to your account, you need to know how to release the potential of your funds. 4. Have strategies for sharp rises and falls: recover the cost first when the price rises sharply, stay steady when the price falls sharply, maintain a calm mind, and don’t operate blindly. 5. There are levels in the game: the early low-price layout relies on experience, while the later market game relies on technology and information. Don’t confuse the two.
In every bull market, there is always one track that runs particularly fast
In fact, you don’t need to buy a lot of currencies. As long as you seize 1-2 alpha opportunities, you can get a hundredfold return. The true meaning of this industry is not that you can make money by staying long enough, but that information is king. Looking back, from the ICO in 2017, DeFi in 2019, GameFi in 2021, to the Inscription that broke out this year, in each wave, there were people who jumped directly from small funds to financial freedom. Some novice friends said that it is difficult to get rich in the short term by hoarding coins now. But in fact, that’s because you have not yet seized the alpha opportunity in the segmented track. At present, the entire Web3 ecosystem is still in its early stages, and cutting-edge technology and innovative gameplay are the key to attracting investors.
Recently, many friends asked me if this wave of rebound has come to an end? What will happen next? Will there be a second drop? If it breaks a new low, do we have to prepare to prop up the electric car? The market did not give a clear breakthrough signal all day yesterday.
For those friends who have already bottom-fished, the market did have a rebound after the 85 black swan event, but now it has entered a period of volatility.
After two days of stability, many people began to feel itchy and felt that they could get on the train again. Do you really think that the market is like a roller coaster, and it will soar into the sky after the rebound? I think this wave of rebound may be difficult to sustain, and the wash may not be over yet. In the case of 85, the real take-off may have to wait until the fourth quarter.
In the current market environment, it is not wise to blindly buy at the bottom.
Rash actions may face unfavorable situations. The market often shows signs of falling when approaching the pressure level.
Although there are occasional breakthroughs, in most cases the price falls after the pressure level.
Everyone should be cautious, observe the market dynamics carefully, and do not open positions rashly.
Choose one or two currencies with potential for investment, avoid over-diversification, follow market trends, remain flexible, and adjust strategies in time.
Steady investment decisions are more important than blindly pursuing short-term interests.
The US stock market may plummet tonight, but it will not affect the cryptocurrency market because the cryptocurrency market has already fallen in advance.
Subsequently, the Federal Reserve may speak to boost the market and drive the cryptocurrency market up.
There is expected to be a significant rebound tomorrow. Now is the low point. You may regret it if you don’t have a bottom position. #BTC☀ #行情 #市场
In the second half of the bull market, altcoin investment needs to avoid projects with high FDV and low market value, large unlocking and DWF market making.
These are potential risks and should be treated with caution.
You can consider new narratives, projects that cannot be falsified and valued, or projects with long-term sideways chips and stable structure and real business income.
When operating, set a stop loss, stop profit in time, lower expectations, and avoid fantasy.
The doubling performance of altcoins is already extraordinary. Everyone needs to stay sober, not blindly follow the trend, and watch while walking.
Only by being cautious can we make wise investment decisions in the second half of the bull market.
1. Control Coin trading is as addictive as gambling. You need to learn how to clear positions, short positions, stop losses and take profits, and be able to move forward and backward freely.
2. Judgment Crypto selection, position building, replenishment, and clearing positions require precise judgment at every step. Without strong judgment, it is difficult to do well. One wrong step may lead to falling into the abyss.
3. Good attitude The cryptocurrency market is ups and downs, with wins and losses. You can be happy if you win, but don't be complacent. You can be sad if you lose, but don't be depressed. Attitude determines everything.
People may mistakenly believe that altcoin spot is unprofitable, but this is a misunderstanding. Some people choose to short contracts or go long at the bottom, fantasizing about huge profits.
There is still a chance for altcoins, but they are temporarily suppressed by Bitcoin.
In the future, market sentiment will change, and altcoins may usher in a big rise.
Strategy: 70-80% of positions are for Bitcoin, and 20-30% are for track targets.
Don't blindly chase ups and downs, focus on long-term opportunities.
Gradually adjust your mentality and face market fluctuations rationally.
1. After making a profit, it is very important to stay calm. Don't rush to open a position again. Stay calm for at least half an hour and meditate. Profits are just the market temporarily putting money in your hands. The key is to correctly view and properly handle profits to avoid losing money next time. 2. When a stop loss occurs, you need to stay calm. Don't rush to re-enter the market. Stay calm for at least an hour and meditate deeply. Correctly understand the loss, avoid the gambler's mentality, and don't try to make up for the loss overnight. Losses are a common part of trading, and treating them correctly can make your trading career more sustainable.
Many newbies who have just entered the circle, without even understanding the basic terminology, go all in with huge amounts of money, and end up starting over again with injuries, wasting a lot of manpower and material resources.
If you want to make money in the cryptocurrency circle, you must at least have a certain investment logic. Whether it is based on the continuous expectation of trends and themes, or trading behavior based on technical fundamentals, buying and selling must have a basis, and you cannot blindly chase highs or buy at the bottom based on your feelings.
If you speculate in cryptocurrencies in this way, the probability of a halving is far greater than making a profit. Only those who have experienced it can understand this pain. For newbies who don't know anything, I sincerely recommend not to enter the market blindly. Even if you enter, don't invest too much money. First use a small amount of money to feel the changes in the cryptocurrency circle, do what you can, and figure out a set of your own trading rules before increasing your investment.
Now, lying flat is winning. Don't make trouble, don't start a business, don't speculate in cryptocurrencies, don't invest. If you have money, save it regularly, eat and drink simply, and don't waste money. If parents have a high pension, as long as their children don't make trouble, even if they are unemployed at home, how much money can they spend on an extra pair of bowls and chopsticks, more internet fees and air conditioning fees? When you are unlucky, you should lie down with peace of mind. Read books, study, take various exams every day, improve yourself, adjust your mentality, and don't be disturbed by the outside world. Go to crowded places less often, don't join the crowd, and travel to less crowded places to enjoy quiet time.
Why should we abandon valuable altcoins and focus on Meme coins now?
In the cryptocurrency world of 2024, it is much more difficult to hype up altcoins than ever before. Even as prices rise, investors experience dramatic market fluctuations. In this context, the role of meme coins may also change, especially those that are fully circulated upon listing and are not controlled by large investors. People pursue ease and excitement and would rather invest in simple and direct meme coins than be bound by so-called value altcoins. So, what are the reasons for investing in altcoins? Is it just to follow the guidance of the organization? Even loyal players of altcoins have begun to give up. With losses every day and the impact of market sentiment every day, the attractiveness of so-called value altcoins is declining.
Yesterday, BTC continued to adjust slightly, and the downward momentum began to weaken. There was no major negative fundamentals, and it was in a normal consolidation stage.
The Fed's interest rate meeting in the early morning of August 1 needs attention. It is expected that there will be no big problem with the interest rate cut in September. The macro environment will improve and it is bullish in the long term. You can open a position within the day, bet on the expectation of interest rate cuts, and it is expected to continue to consolidate within the day, waiting for good news. The mid-term bull market has started, and the subsequent market will rise slowly, waiting for the main rising wave to come.
ETH's trend remains good, and you can open a position within the day, pay attention to the changes in Grayscale's holdings and the expectation of interest rate cuts.
The altcoins are slightly adjusted, pay attention to SATS, PEOPLE, CKB, RGB++, buy in batches at low prices, and wait for good news.
Intraday support and resistance:
- BTC: support below 65200-65800, resistance above 67200-67700 - ETH: support below 3200-3250, resistance above 3360-3410
Four key periods in the currency market, you must know!
1️⃣ Excitement period: The market stops falling and bottoms out, and short sellers begin to hesitate. Retail investors no longer shout that the bull market is coming, and whales quietly collect their goods. 2️⃣ Platform period: The market fluctuates and seems to be rising but not rising. Retail investors are afraid to enter the market, and whales take the opportunity to absorb funds. 3️⃣ Climax: The dealer has collected all the chips, the funds are in place, and the market is violently pulled up. Retail investors are afraid of being trapped and dare not enter. By the time they decide to enter the market, this wave of market is nearing its end. 4️⃣ Decline period: The dealer has finished selling at the top and withdraws. Retail investors chasing high prices can still maintain the price for a while or even rise slightly, and then usher in a stunning waterfall. Wealth signal: All retail investors shout "murder" on the Internet, then immediately enter the market with all-in, don't hesitate!
A must-read for unwinding! Here are three effective methods:
The first method: stay the same in the face of change. No loss if you don't sell, as long as you haven't sold it, it can't be considered a loss. However, this requires you to have enough funds to withstand all risks.
The second method: operate by shifting gears. Stop loss first, and then buy back when it rebounds to a suitable price, so that you can reduce or even out the loss.
The third method: cut the Gordian knot. Sell all the targets held to avoid further unilateral price declines and greater losses. This strategy is suitable for short-term speculators, because in a downtrend, the longer you hold, the greater the loss.
Choose a method that suits you, stay calm and rational, and avoid greater losses.