The following three types of people can make money in the cryptocurrency investment circle.
1. Characteristics of people with medium-term thinking and short-term technical operations
They have a high level of professional technical knowledge and market observation skills. They possess a heart that remains calm no matter what, and no turmoil can disrupt their rhythm. They have their own trading plans and discipline and strictly adhere to them.
They never believe in anyone's hearsay. They are accustomed to watching the market in real-time, responding quickly to emerging opportunities and dangers, and making decisive decisions. They have investment experience and can analyze the current market sentiment.
They must have a sensitive nose for news and the ability to make accurate judgments.
This kind of operation requires people to hone their skills in virtual currency investment over the long term, experiencing multiple failures and mental anguish. Without spending time learning, it cannot be mastered. Most investors tend to believe that their knowledge is sufficient, dreaming that they have become strategic planners, but they are overly confident in their abilities and luck bestowed by fate. By the time they realize it, they have already suffered considerable losses.
2. Characteristics of people with medium-term operations in long-term thinking
Such people generally have a stable source of income and do not rely on trading coins for a living. Moreover, they are preferably very busy individuals who do not have time to watch the market or energy for frequent operations. (The purpose of this is to avoid the psychological impact on operations caused by long-term price watching. Without a good mindset, there can be no good operations.)
Long-term operators are not tempted by huge profits; having a content heart is enough for them. They never gamble or speculate on tomorrow's events; stability is their principle. They care about when to buy and when to sell once they are satisfied with their profits. They possess certain investment knowledge and Bitcoin technical analysis skills. (It doesn't require as much as a trader; just learning about moving averages and short- to medium-term buying techniques is sufficient. Of course, having analysis skills on Bitcoin fundamentals and the ability to judge future policies and market trends would be even better.)
Their discipline is simple: buy low, sell high, and then buy low again after selling high. They use common sense to determine whether the market position is high or low. Each month, they just need to listen to the news, observe the profit situations of those around them trading coins, and analyze historical positions to decide whether to enter the market.
3. Conditions for operations with long-term thinking
When they hear about Bitcoin plummeting, they feel excited, realizing that an opportunity is coming.
At this time, they heavily invest (over 50%) and then invest in Bitcoin regularly until fully invested. (Regular investment in Bitcoin has proven to be the most stable investment method for investors who do not have comprehensive knowledge and understanding of Bitcoin.)
After buying Bitcoin, they no longer pay frequent attention, only checking once a month on the price and trading volume of their purchase to decide on the next step in their operational plan.
When Bitcoin is in a long-term sideways trend, at a historical bottom. When all the news and the people around you no longer talk about Bitcoin, and everyone is fearful of Bitcoin.
Recently planning to invest in a potential coin, aiming for a doubling starting point, with an expected increase that may exceed 10 times. If interested, feel free to discuss in the comments!
