The cryptocurrency market often experiences significant rises and falls. Can we buy during a major drop and sell during a major rise?
The cryptocurrency market is often viewed as a fantastical place for investment, with its enormous volatility leading to stories of financial freedom.
Some fantasize that if they decisively buy the dip and sell in time during the rise, they can conquer the market and achieve financial freedom. If they also use the leverage of 10x or 100x provided by exchanges, it seems that one cycle could lead them to the wealth hall of A9 or even A10 level.
However, to make this dream come true, one must overcome a significant hurdle: accurately predicting market fluctuations. After buying the dip, one needs to know whether the price will continue to fall; when selling, one must be clear about whether the price will rise again.
If anyone truly possesses this ability, they would undoubtedly be the 'God of Cryptocurrency', and everyone would want to cling to them. But in reality, such 'gods' are extremely rare.
The cryptocurrency market seems to be full of opportunities, but in fact, it is fraught with risks. Investors must remain calm and rational when entering the market, and not be misled by the illusion of wealth. After all, there is no shortcut to financial freedom; it relies solely on rationality and wisdom to stabilize oneself in the cryptocurrency space.
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