Many people think that investing in cryptocurrency is simple:
You invest ten thousand dollars, don't worry about it, and sell it for one million after ten years.
However, the reality of cryptocurrency is like this——
You enter the market with ten thousand dollars, and the next day it turns into five thousand. That night, you toss and turn, unable to sleep. Every deep night that follows, you wake up to go to the bathroom, and you check the market on your app.
After enduring a year, the price fluctuates between 1000 and 6000, you're exhausted, and you resolve: if it can rise to 9000, you'll cut your losses and exit. However, when the bull market arrives, your coins rise to 8500. You remember a few past rises and falls, thinking it must retrace to 6000, so you sell at 8500, preparing to buy again after the retracement. You definitely made a profit, but this time, the market didn't return to 6000; instead,
you hesitate, fearing that if you don't get back in, you'll miss the opportunity, so you chase it from 8500 to 9000, your position returns, but your coins are fewer. Then, it retraces from 9000 to 7000, and you waver again. Watching it rise to 12000, you finally made a profit, but when you calculate the annualized profit, it's 20%, and you console yourself: this is also a good investment!
This is the true portrayal of a novice: all-in, full position, cutting losses, chasing highs and selling lows, repeatedly struggling.
If you are also confused, follow me, and let's communicate and learn together.
In the cryptocurrency world, if you want to earn 1 million yuan from tens of thousands of yuan, there is only one way!
That's rolling. When you have 1 million yuan in capital, you will find that your whole life seems to be different. When you can make 100,000 yuan from tens of thousands of yuan, you will also be able to grasp some ideas and logic of making big money. At this time, your mentality will be much calmer, and the rest is just copy and paste.
Don’t always boast about tens of millions or hundreds of millions. Start from your actual situation. Bragging all the time only makes you feel good. Trading requires the ability to identify the size of opportunities. You can’t always have a light position or a heavy position. Usually, you can play with a small position. When a big opportunity comes, don’t miss it. For example, rolling positions can only be operated when a big opportunity comes. You can’t roll positions all the time. It doesn’t matter if you miss it, because you only need to roll successfully three or four times in your life to go from 0 to tens of millions. Tens of millions are enough for an ordinary person to advance to the ranks of the rich.
Dogecoin (DOGE) Soars 50% Instantly: Is There More Upside Ahead?
Dogecoin price is expected to rise further. Dogecoin price begins a new round of rise after recovering the resistance level of $0.200 against Bitcoin and Ethereum. Dogecoin is able to accelerate the breakthrough of the resistance levels at $0.2200 and $0.250. The currency pair even surged above $0.3000. The high formed at $0.3036, and the current price is consolidating above the 23.6% Fibonacci retracement level, which rises from the swing low of $0.2013 to the high of $0.3036. A key bullish trend line has also formed on the hourly chart of the DOGE/USD pair, with a support level at $0.280.
Bull Market Insights: A bull market doesn't need to be too complicated, just three things to think clearly:
1. What to buy: Less is more Don't try to make money on everything, choose two or three targets to invest heavily. A bull market is like selecting women at a nightclub; you want the most adventurous ones, don't think about waiting for a rebound.
2. When to buy Don't FOMO, if you miss out, look for the next opportunity. Keep cash on hand for dips. There will always be several major pullbacks in a bull market.
3. When to sell Don't be the one left paying the bill at the feast... Emotionally, find a few KOLs (I know but won't say who) who like to shout buy signals at the peak, or observe the entry of outsiders as an indicator. On a more advanced level, look at contract data and positions. To simplify, once you make a certain profit, set a take-profit and cash out. Selling is an art, and I’m still learning.
Bonus: Most adventurous combination: $doge $Sui $ Aptos $Neiro On-chain potential stocks: $Goat $Moodeng New concepts with significant positions at the first opportunity
$BOME This time we can really make it to the other side, right?
Many people say that BOME is too heavy, with a market cap like $DOGE $SHIB, can a few points pull BOME's 600 million market cap?
I still hold my previous opinion, a project that gets listed on Binance in 3 days, I won't believe it without internal team operations, I previously bet on $SANTOS, which has a lot of fan-driven projects that are also from the Binance team, many people said it was garbage, but later it surged several times in a day.
After looking at the recently surging assets, I feel that about 80% of them have been washed out for a long time, trapping many people, and then suddenly a big bullish candlestick pulls up over 30%. In this regard, it seems that there are many similar assets in the Binance Launchpool sector and the Bitcoin ecosystem.
The weekend Bitcoin has once again broken through a new high, reaching around 80200, while Ethereum has followed up to 3240. The strategy for morning, noon, and evening remains firmly bullish for harvesting, with the market performing well, perfectly in tune. The second trade is already profitable; we continue to wait for confirmation. On the daily chart, Bitcoin has currently formed six consecutive daily gains, with bulls continuing to increase volume. The rally is not over; we still consider bullish positioning on pullbacks. Nighttime operation suggestions: Buy Bitcoin on a pullback in the 78500-79000 area, stop loss at 600 points, target around 80000-80500. Buy Ethereum on a pullback in the 3150-3170 area, stop loss at 40 points, target around 3250-3300.
$XVG The bottom state is very beautiful, basically the bottom accumulation has gone through a very long cycle! The trend of the main force entering the market is also relatively obvious, showing a clear trend of 50% increase! The market price has reached 30,000 USD, waiting for it to double!
What a great bull market! If only the capital were still there. Bitcoin is almost at 80,000, yet many brothers are still in a losing state. I have mentioned before that not everyone makes money in a bull market; in fact, the speed of losing money is faster. Now you believe it, right! With Bitcoin and Ethereum rising like this, many brothers are still holding their short positions, thinking about the price dropping every day. Unfortunately, things are not going as expected. Don't short at every slight drop; the bullish trend is still there. Sometimes it's just a normal pullback. Don't short just because you are bearish. The white line position provided every day is to distinguish between bullish and bearish trends. Standing firmly above the white line means it will go up again!
How to Layout and Maximize Returns in a Bull Market for Altcoins? 1. Look at Yourself. If you are confident in your research abilities and have time to analyze the market, then after riding a wave of an altcoin's daily rise, switch to another altcoin with potential for a violent surge and wait for it to catch up; If you're not so confident in your coin selection abilities, hold onto the altcoins you've positioned well at low levels and wait. 2. Look at the Sector. Grasping the main trends is key to achieving asset multiplication in a bull market. We don’t know how the future will unfold, but we can learn from history; MEME starters ignite the enthusiasm for a bull market → rotation into value sectors → MEME concludes; and within the value sector, basic chains will almost never miss any bull market, and after securing the basics, we should also be good at uncovering new emerging hot spots in the market, such as RWA and AIMEME, etc. 3. Look at Market Cap, this is also what I want to emphasize the most. For example, if you have 1 million funds for investing in altcoins. For altcoins with a market cap from 10 million to 100 million: Invest 10,000 to 50,000, with a strategy of holding long or doubling your principal and holding long, betting on growth; For altcoins with a market cap from 100 million to 1 billion: Invest 50,000 to 100,000, with a neutral strategy, can hold long or ride a wave of the main upward trend, taking into account the market cap ceiling of the leading coins in related sectors; For altcoins with a market cap above 1 billion: Invest 100,000+, with a strategy of trading in waves, because at this market cap, the probability of achieving several times growth becomes much smaller. Trading in waves, after a violent surge, switching to Bitcoin or USDT is an effective strategy to prevent drawdowns. Key Focus Indicator: BTC.D #特斯拉市值重上1万亿美元 #山寨季分析
BTC and SOL are currently in a death cross on the 4-hour chart, and there is a bit of a top divergence on the 6-hour chart. Although there is no accelerated decline at the moment, short-term contracts should be prepared for potential further drops. Set take profits at new highs, as both aspects need to be managed. This is because there have been consecutive days of increases, leading to slight fatigue. Currently, we are still in a bullish trend, and any pullbacks should be considered as buying opportunities.
For BTC, the short-term defense level is 75800, with take profit on new highs set at: 77450-78200. If the defense level is broken, consider buying in batches on pullbacks at 75300-74165.
For ETH, the short-term defense level is 2982, with take profit on new highs set at: 3112-3336. If the defense level is broken, consider buying in batches on pullbacks at 2966-2882.
For SOL, the short-term defense level is 196.25, with take profit on new highs set at: 207.50-211.25. If the defense level is broken, consider buying in batches on pullbacks at 194.50-187.85.
Why do you always experience 'buying high, selling low'?
This is the 'curse' that many people encounter when trading:
As soon as you buy, the price drops, and after selling at a loss, it immediately rebounds.
This feeling is like the market is specifically targeting your small amount of capital, as if the market is working against you.
In reality, the market is not aimed at individuals; it's just that during price fluctuations, some people happen to 'buy at the peak' or 'sell at the bottom.' Every price point on the candlestick chart contains transaction data, and the divergence effect of these trades makes many feel like they are always trading in the opposite direction.
Moreover, people have a particularly strong memory of 'bad luck.' Even if only a few out of a hundred trades truly result in a 'face slap,' these impressions are strong enough to overshadow the experiences of other normal trades.
This is also the significance of quantitative thinking in investing: through data analysis, we can clearly understand the actual probability of being stuck at high levels, rather than relying on subjective feelings.
Although historical data may not necessarily represent the future, statistical methods can help us identify the real patterns in the market, dispelling the illusion that the market is 'watching us' and allowing us to rationally view the occasional 'curse' phenomenon.
In the early stages of cow dung, it is Ning Duo Wu Kong. Small fathers provide small supplements, big fathers provide big supplements, and no fathers provide small amounts.
In any case, it's just one thing: look for opportunities to participate.
Sol, dogs, pepe... what's popular now also started this way, and it will be particularly great later.
The market situation right now truly makes it hard to short; the trend looks too familiar: it seems like it should drop, but it just won't, instead continuously surging upward, setting new highs one after another. Every time the bears pile up, there often comes a wave of accelerated rising that completely wipes out the shorts! So, it might be better to go long on other coins; I really can't bring myself to short!
The chances of TON failing are high, but there is a key factor that could save it!
TON has shown mixed performance recently, fluctuating over different time periods. In fact, as of the writing of this article, TON has decreased by 4.95% over the past month, although it has rebounded by 1.19% on a weekly basis. However, recent price movements indicate that as selling pressure increases, TON may face significant declines, potentially leading to further drops. TON is struggling at a key level, facing resistance from selling pressure. TON's price chart has reached a critical point. Although it has formed a bullish triangle pattern that typically indicates a rebound, as of the time of writing, TON has not broken through the highs and appears poised to decline.
Your life should not be wagered on things you do not understand
In the cryptocurrency space, you often hear people say: "You can never earn money beyond your understanding, unless by luck; however, money earned by luck often gets lost again through ability."
I do not oppose investing, nor do I say that trading cryptocurrencies will definitely lead to losses. But for ordinary people, those who make money in the cryptocurrency space often rely on temporary luck. And luck is something you cannot see or touch, and it can disappear in an instant.
If you want to invest in cryptocurrency, you should ask yourself a few questions. Is your intelligence among the top in the field? Do you have professional skills and sources of information...? If not, you should be cautious about entering the cryptocurrency space. In this market, most of us are retail investors; we cannot compare ourselves to large players and professional fund managers, so why can we make money in this space? The answer is luck.
Therefore, for many retail investors, I hope to only invest a small amount of money for fun, to understand oneself in the cryptocurrency space, to recognize what type of investor you are, and to become calmer and more rational. This way, the margin of safety is higher, it does not affect your life at all, and it is very unlikely to affect your mindset.
Because your life should not be wagered on things you do not understand. When we are young, the little money we can manage is not worth wasting time on "financial management." What needs to be “managed” the most should be our own knowledge and abilities. To put it in an old-fashioned way, for ordinary people, working hard, living well, and focusing on family and work is the greatest responsibility to oneself and to family.
Shiba Inu burn rate skyrockets by 1300%, will this trigger a rise in SHIB prices?
On Saturday, the burn rate for Shiba Inu surged by 1300%, filling the market with optimism about the future trajectory of the meme coin. With millions of SHIB recently removed from the total token supply, speculation about an upcoming price rise is rampant in the market. However, despite the soaring burn rate, the price of the meme coin has experienced turbulence. In light of recent market events, cryptocurrency market observers are closely watching dog-themed meme coins, expecting a bullish shift in the future. The Shiba Inu burn rate skyrocketed by 1300%, reflecting market optimism.
A bull market is essentially a redistribution of wealth. In this game, investors with smaller capital often face a higher risk of having their wealth 'transferred.' Here are several key reasons summarized:
1. In the early to mid-stages of a bull market, many investors may have just broken even or only made small profits. As a result, in the later stages of the bull market, they often miss the best exit opportunity due to greed and are unwilling to withdraw.
2. Investors find it difficult to accurately determine the stage of the bull market, whether it is early, mid, or late, and they lack a clear understanding. This lack of judgment makes it challenging for them to formulate appropriate investment strategies.
3. Some investors tend to rely on others' opinions and recommendations to choose investment projects rather than basing their decisions on their own analysis and judgment. This practice often leads them to blindly follow the crowd, lacking independent thinking skills.
4. Some investors are impatient, prefer frequent trading, chase up and cut down, and cannot hold a particular cryptocurrency for the long term. They struggle to withstand market fluctuations and easily lose direction amid price volatility.
5. When a bear market arrives, many investors cannot accurately identify it and instead become more aggressive in buying as prices fall, attempting to catch the bottom. However, this approach often leads them into deeper trouble.