The simplest way to make money in cryptocurrency trading is like drinking water once you have an epiphany!
The simplest way to make money in cryptocurrency trading! Once you have an epiphany, it’s like drinking water!! Remember the rules for making money in a bull market!!
1. Once an uptrend begins, it won’t easily end, so don’t be afraid of the big pullback that occurs initially. Be bold in entering the market; the biggest trouble is waiting for a lower point. The longer you wait, the higher it goes, and you end up missing out.
2. In a bull market, it’s important to take advantage of opportunities. If your position isn’t full, try to wait for a pullback and go all in. Otherwise, you might get caught off guard, and most people can’t handle that.
3. Be sure to manage your positions well. It’s best to spread out investments in several key sectors. If you put all your money into one sector and it doesn’t move in the short term while others are soaring, it’s very frustrating.
When you chase after it, you end up being stuck. Just when you clear your position, it might take off again after a few days. Many people have experienced this, so either don’t buy, or if you do buy, hold firmly. Your coins will eventually rotate, and even the worst coins in a bull market can multiply five to ten times.
4. The market always rises amid disagreements. What a group of people criticize is often an opportunity; when everyone is optimistic, it’s usually a risk.
5. Don’t always think about making short-term trades by buying high and selling low. Once you exit midway, you’ll find it’s hard to get back in. Playing short-term may not be as profitable as just sitting still and letting the gains come.
6. Every time there’s a pullback, panic spreads through the market. People say the bull has run away, but the reality is that a bull market usually has to go through three or four major pullbacks before it can end.
So don’t be afraid; you must have a broader perspective. As long as you hold and don’t have junk coins in your hands, even the worst can multiply five to ten times. After a round of a bull market, making two to three times on spot investments is really not that impressive.