Speculating in cryptocurrencies means buying at a low price and holding a heavy position. You must learn how to roll money with money, that is, the rolling position method. Secondly, patience is also crucial.
The cryptocurrency circle is always rotating, and there is never a lack of opportunities to enter, but if you want to make a lot of money, you must learn to do the following:
1. Screening high-quality currencies: Pay attention to currencies with large market capitalization, good liquidity, practical application scenarios and strong community support. For example, BTC, ETH, SOL, etc. These leading currencies are relatively stable in the market cycle and have a better chance of bringing long-term returns.
2. Timing of heavy positions: When there are big opportunities in the market, such as low positions after a major adjustment or driven by major good news, you can consider buying heavy positions. This requires you to have sufficient sensitivity and judgment to the market.
3. Cycle and patience: As you said, a complete market cycle may take a year or even longer. In this case, holding high-quality currencies and patiently waiting for their value to return or grow is the key to obtaining high returns. Avoid frequent transactions and reduce the impact of handling fees and emotional fluctuations.
4. Rolling position method: Use position management and capital allocation to flexibly adjust positions at different support levels and opportunity points to increase capital utilization efficiency. Pay attention to risk control and ensure that there are sufficient funds to deal with unfavorable market conditions.
5. Pay attention to market trends: Stay sensitive to market news, policy changes, technological progress, etc. Obtaining information in a timely manner will help you make more accurate decisions.
In short, combining your strategy with market practice, continuous learning and adjustment can gain greater benefits in the currency circle. I wish you a smooth investment!