The five top mindsets for making big money in the cryptocurrency world, traders must remember:
The hallmark of an expert is the patience to stay in cash: True trading experts not only make money when the market is rising but, more importantly, they know how to decisively stay in cash when the market is uncertain or carries significant risks. This patience and discipline are key to achieving long-term success.
In a bear market, any purchase could be wrong: Bear markets generally trend downward, and any buying action may face greater downside risk. Therefore, before the market shows clear stabilization or a bull market has arrived, reducing trading or even temporarily halting operations is the wisest choice.
In a bull market, selling may miss out on more profits: During a bull market phase, prices continue to rise, and selling too early may result in missing out on larger gains. Therefore, one should go with the trend, hold on until the market trend clearly reverses before considering selling.
The core of investing lies in buying low and selling high: Although it sounds simple, the actual execution is extremely difficult. The key is to maintain enough patience to wait for the right entry and exit timing, avoiding interference from short-term market fluctuations. Stay in the public brown number: Little Bear Discussing Currency, no wasteful skirts.
Market direction is driven by major funds: The main trend of the market is determined by the flow of large capital. Understanding the movements of major funds can help us go with the trend and avoid making counter-trend operations, thus increasing the possibility of profit.