In the past, the 80/20 rule was used in the cryptocurrency circle, but now it feels like only one out of ten can survive! It is becoming increasingly difficult to make money. It is not because the market is not strong, nor because there are no coins that have skyrocketed. The key lies in position management, entry points and timing judgment.
The result of cryptocurrency speculation is actually very simple: profit or loss, 50% chance is there. But why do investors with a net worth of 1 million have a better chance of winning than investors with 100,000 in the same market? The reason is actually very simple: having money is more stable. When an investor with a net worth of 100,000 takes 50,000 to cover his position, his mentality may have been as tight as a string, while an investor with a net worth of 1 million may be drinking coffee and looking at the K-line, which is very stable.
Therefore, it is not luck but strength that determines winning or losing in the cryptocurrency circle. No money? Then just control your position honestly and keep your mentality stable.
Position management is the kingly way. If you want to make a lot of money in the cryptocurrency circle, you must first learn to build your own framework! Do you see how tempting the opportunity is? Doesn't fit the framework? Give up when you should, don't be impulsive. There are many temptations in the cryptocurrency circle. The key is that you have to be hard-hearted and ignore what you shouldn't do with a "cold face".
If you want to be a winner in the cryptocurrency circle, in addition to luck, what you really need to do is to restrain yourself again and again. Only in this way can you have the last laugh in the market again and again! Just having the courage to rush to the BOSS is also a gift. You have to stay steady, wait for opportunities, master the rhythm, and you will not miss the opportunity!