The goal of working in the cryptocurrency circle is to make money every month, not to make money from all kinds of things.
As long as you enter the cryptocurrency circle with the mentality of "quick profit",
The final result is always 0, no kidding.
When some people hear the phrase "one day in a contract is equivalent to ten years in the real world", they think they can get rich overnight. However, the reason why many people lose money in the cryptocurrency circle is that they seek to "get rich quickly in the short term."
But human nature is greedy.
So why do you say that the cryptocurrency industry can make money?
It’s all about overcoming human nature.
In the market, “history will not repeat itself, but it always repeats itself.” If you miss some opportunities, you don’t need to be discouraged. It means that the opportunity is not for you. There will always be a time to seize it.
Today, I want to share a few points with everyone; it's fine to explore the crypto world.
1: Averaging down is not about making big profits, but to minimize losses. If you are stuck, don't think about relying on a rebound to break even; that is asking for trouble. Averaging down is to reduce losses; don’t let temporary holding cloud your judgment.
2: Calm markets hide risks; do not be deceived by stability. The market can change at any moment, and one day it might turn drastically. Remember, after a big rise, there will definitely be a correction. Pay attention to the triangular pattern in the K-line; if it rises too much, a correction is inevitable, and do not get stuck at high positions.
3: Timing for buying is very important; buy on bearish candles and sell on bullish candles. When others are fearful, be greedy; when others are greedy, be fearful. Experts operate against the trend; do not chase highs and do not panic sell. Do not sell during surges, do not buy during crashes, and do not act during sideways movement. Focus on resistance and support levels for price changes to have a solid mindset.
4: Being fully invested is a big taboo; flexibility is key. The crypto market changes rapidly; position management is the way to go, and being flexible is how to thrive.
5: Mindset is very important; greed and fear are the enemies. Chasing rises and panic selling will only lead to larger losses; staying calm is key to maintaining a foothold in the market.
