How to establish a foothold in the cryptocurrency world and move forward steadily. First, you need to understand what kind of circle this is.
1: Volatility is constant, mindset is king: When prices rise, don't easily claim the peak; when prices fall, don't assert the bottom. Just like whether Bitcoin can stand above $150,000, only the market's madness will reveal the answer. What you think is the bottom may just be a temporary pause; the true bottom is always unfathomable.
2: Build positions in batches, steadiness is key: Experts never rush to achieve success in building positions, controlling each buy and sell within one percent. This strategy allows them more opportunities to make mistakes, lower costs, and reduce risks.
3: Dare to chase highs, achieve greatness: In the cryptocurrency world, fear of heights leads to suffering. You must know that the cost for the main players in a cryptocurrency is far from what you imagine; promotional costs, chip costs, development costs, etc., are all multiples or even tens of times the investment. Therefore, daring to chase highs is essential to seize true opportunities.
4: Bull market turnaround, seize the moment: The bull market is the only opportunity for a turnaround. Just like Buffett, no matter how smart he is, if he misses the bull market, he can only wait silently in the bear market. Thus, in the cryptocurrency world, seizing the bull market is seizing the key to wealth.
5: Technical indicators are for reference only: Technical indicators often have lagging characteristics; they can only serve as references rather than the main basis for buying and selling. Although technical indicators perform well during strong upward trends, the price is already high, so chasing prices must be approached with caution.
6: Full of confidence, unafraid of the market: True cryptocurrency trading experts are full of confidence; they have experienced losses but have never been defeated. Because they firmly believe they will eventually overcome the market, this belief is key to their success.
