Six Key Points to Make Money with Cryptocurrency, Have You Heard of Them? Practical Sharing!
An experienced person in the crypto circle once said that if retail investors master these six points, turning a hundred thousand into five million is not a dream. What are these six points?
First Point: You must know how to set stop-loss and take-profit.
When we trade cryptocurrencies, the goal is to make money, not to hold onto them as family heirlooms. Being greedy when making money and unwilling to cut losses when losing is not acceptable. If the position trend is not right, you must act immediately.
Second Point: Don't always think about bottom fishing and peak escaping.
There are no absolute lows and highs in the market; ordinary people can't play that game. What we can do is buy and sell in the bottom and top areas, making steady profits.
Third Point: Volume and price must cooperate harmoniously.
Be cautious of positions that rise without volume or reach new highs without volume. They could be false signals of a pump by the main players; don't chase them. It’s better to miss an opportunity than to make a wrong move.
Fourth Point: You must react quickly.
As soon as there is any movement, you need to quickly identify the favorable sectors and companies. If you can’t catch the first tier, don’t miss the second tier; you can still gain plenty of benefits.
Fifth Point: You must learn to rest.
As the saying goes, it takes three months to see the bottom and three days to see the top. When the price of coins rises, the main upward wave is only a short segment; you must seize the opportunity. At other times, just rest well and recharge.
Sixth Point: A crash is a big opportunity.
After a crash, there are often greater opportunities hidden. When others are greedy, you must be cautious; when others are fearful, you must be brave. During market crashes, don’t be afraid; pick some good positions and build your position boldly.
These six points sound simple, but it's not easy to truly implement them. Why? Because the weaknesses of human nature are too hard to overcome. If you can't get over this hurdle, then the dream of five million may be difficult to achieve.
If you always miss the point, feeling confused about how to operate, and want to keep up with learning, you must meet one condition: you need to have strong action; once you decide, act immediately. Like + comment, and I will help you make big money!