After trading cryptocurrencies for seven or eight years and accumulating 30 million in assets, what I want to tell everyone is that learning is fundamental and foundational. Only by strengthening oneself can one thrive in the cryptocurrency space!
1. If your initial capital is not very large, for example, under 100,000, being able to seize one significant market fluctuation each day is already sufficient. Do not be greedy or always hold positions!
2. If there is a major positive news and you don't sell on the same day, remember to sell at the high opening the next day. Positive news often turns into negative news when realized.
3. The news and holidays are also very important; when encountering major events, adjustments should be made in advance (reducing positions or even going to cash). Based on past experiences, whenever a significant event occurs, there will be substantial market fluctuations. If you cannot grasp the direction in advance, then wait for the market to come and follow the trend!
4. The strategy for medium to long-term positions must involve light positions to leave enough operational space. Steady operations are the best strategy; do not take heavy positions.
5. Short-term trading focuses on following the trend, entering and exiting quickly. Avoid being greedy and hesitant. In a volatile market, seek appropriate entry points, and if the market is stagnant, patiently wait in cash.
6. When market fluctuations are slow, rebounds are also slow. When market fluctuations are rapid, the corresponding pullbacks will also be quick!
7. If you enter the wrong position or direction, then cut losses in time (do not hesitate to hold on). Stopping losses is a form of profit; preserving capital is fundamental to survival in the market.
8. For short-term trading, you must look at the 15-minute K-line chart. Using the KDJ indicator can help you better capture suitable entry points.
9. There are countless techniques and methods for trading cryptocurrencies, but the most important thing is mindset. A person's mindset is crucial; the cryptocurrency space can easily make you feel the highs and lows, so adjust yourself accordingly. A good mindset already puts you ahead of most people in the cryptocurrency space.
Sorry, but the rebound is really not happening. You can't expect to shout orders and have the main force believe it, right?
MTT_Trading
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Bullish
GOATUSDT Coin
A very excellent coin and its movement and interaction during the decline of acquisition or the rise of currencies is very good, of course. We recommended it from a price of 0.42 and our goal in the currency is 0.91 to 1.20. Futures speculators who entered it from a price of 0.42 achieved great profits and will continue until the rest of the goals are achieved, God willing. Of course, the currency has reached a very strong support area and only a few days and we will see its launch, God willing #GOAT
Is China Ready to Start Large-Scale Bitcoin Purchases?
Recently, the remarks of Binance founder Zhao Changpeng have drawn widespread attention from the global financial community. He revealed that China's cryptocurrency trading volume accounts for more than 30% of the global total and hinted that if the United States could prevent China from holding gold reserves, China might also turn to Bitcoin reserves. With 109 countries already joining the central bank digital currency alliance, China is clearly one of the important members. If China really starts buying Bitcoin, what profound impact will this have on the global finance?
Zhao Changpeng further pointed out that China may quietly acquire Bitcoin behind the scenes and publicly disclose this action at an appropriate time. He believes this approach could help China achieve a more independent position within the global financial system. However, some experts also express that if China intends to bypass the dollar hegemony and accumulate reserves through Bitcoin, it will be very difficult. After all, the central banks of the United States and other countries closely monitor the flow of funds.
In addition, Zhao Changpeng raised a thought-provoking point: as more and more countries join, the global financial order dominated by G7 countries may gradually collapse, replaced by a 'Bitcoin G7' led by Bitcoin. This idea is similar to the Libra concept proposed by Zuckerberg in 2018, which failed to materialize due to strong opposition from Trump at that time, but Zhao Changpeng's renewed mention of this concept has sparked new discussions.
So, is this 'Bitcoin G7' concept really possible to become a reality?
Bonus: Potential Meme Coin Focus Marvin on the Ethereum chain is likely to become a potential meme coin. If market sentiment continues to rise, there may be unexpected surprises!
Down by 5, over ten million exchanged, at most several hundred thousand for one person
币圈韭爷666
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Using virtual currency to conduct foreign exchange transactions of 30 million, illegal business operation, five years🚫 #Life needs sharing desire Three young men born in the '95s engaged in buying and selling foreign exchange 'business' through virtual currency trading, completing over 650 transactions and exchanging nearly 30 million yuan in just a few months. Currently, Lin and the other two have been sentenced to fixed-term imprisonment of five years to one year and six months for illegal business operation, with fines imposed.
① Case facts: In early 2020, Lin engaged in virtual currency 'arbitrage' on different exchanges, buying low and selling high to earn the price difference. During one transaction, he met a Nigerian man called 'Prince' who wanted to exchange the local currency Naira into Chinese yuan through Lin. Lin quickly thought of buying 'Prince's' virtual currency at a 5% discount from the day's listing price of Tether, then selling it to domestic currency traders in exchange for RMB, and transferring it to 'Prince's' bank card in China.
In September 2020, Lin and Yan decided to work independently, specifically contacting Nigerian clients and domestic currency traders to conduct virtual currency trading operations. After their bank cards were restricted, they contacted their classmate Xie to join. The three quickly made this business flourish.
In June 2022, the three were arrested at their respective homes.
② Investigations revealed that from September 2020 to January 2021, Lin and Yan disguised their buying and selling of foreign exchange worth over 21.29 million yuan. From January to April 2021, after Xie joined, the three disguised their buying and selling of foreign exchange worth over 8.38 million yuan.
③ Prosecutors reviewed and believed that Lin and the other two used virtual currency as a medium to provide cross-border exchange and payment services to profit from the exchange rate difference, utilizing the special properties of virtual currency to bypass national foreign exchange regulation, affecting the effectiveness of foreign exchange management and the stability of legal exchange rates, disrupting the normal financial market order. They should be held criminally responsible for illegal business operation according to the law.
④ In April, the court, after hearing the case, adopted the opinions of the prosecution, sentencing Lin and Yan to five years in prison with fines; and sentencing Xie to one year and six months in prison, applying probation, along with fines.
None of the three appealed, and the judgment has taken effect.
The popularity of the first-level market Musk-themed small puppy PP continues to rise! Interested parties can like and follow.