Discipline and Insights on Cryptocurrency Trading
Principles of the Cryptocurrency Market: Holding coins is paramount, do not fall behind!
Digital currency without circulation is of relative value; for example, Bitcoin currently has a price but no intrinsic value. Absolute digital currency is what people universally accept and recognize. Currently, among millions of digital currencies worldwide, there are very few with absolute value (without absolute digital currency, one cannot persuade others).
The cryptocurrency market is the seed, while the stock market is the fruit. As long as there are seeds in the cryptocurrency market, there is hope; the stock market only needs to reap the harvest.
1. Never chase high prices to buy coins; maintain the mindset that it can rise as much as it wants, treat the coin as if it does not exist.
2. There are only two types of coins; any coins bought at a good point are good coins, otherwise they are junk coins; coins bought at a large-scale point are the best performing coins. Patiently wait for these large-scale positions to become truly high-performing stocks; this is the true mindset.
3. Actually, the most important aspect of trading coins is the mindset. Many people clearly know it is not a good buying point, yet they can't resist the urge to buy; this is a mindset issue. If this is not resolved, any theory is useless.
4. The mindset should be stable; do not have emotions towards any coin type or position, only observe the market signals, and have emotions towards buy and sell points.
5. The reason for mistakes is always unrelated to the market; when seeking reasons, one can only find their own reasons. Every mistake must be summarized immediately.
6. A mindset without technical assurance is a foolish mindset; the best foolish mindset is one that reacts to nothing. Insight under wisdom is the only guarantee for a good mindset.
7. Why can’t you turn yourself into a wolf? It has nothing to do with the size of your capital. As long as you can buy at good points and sell at good points, you are the fiercest wolf.
8. Operations must be calm; with money, you can have everything, so why fear not having good coins?
9. In the market, any luck can only be temporary, and it will be doubled and returned by the market. In the face of the market, without a thorough self-reflection, it is impossible to conquer the market.
10. The urge to make quick money is a major taboo for participants in cryptocurrency trading; if you cannot control your own heart, your greed, and desires, you cannot succeed in the market for the long term. It is destined that the vast majority of investors are fooled by the market, and all those who are fooled are trapped in the market, confused by themselves.
