In the cryptocurrency world, some small tips are really useful, but many people don't know them! Today, I will reveal a few to you!
Do you think cost averaging is just a simple average? Too naive!
For example, you bought a coin for 10 dollars and spent 10,000. Later, the coin dropped to 5 dollars, and you invested another 10,000. Do you think your current cost is 7.5 dollars? Wrong! Actually, it’s 6.67 dollars! This calculation is particularly crucial when coin prices fluctuate greatly. If used correctly, you can better manage your funds.
Compound interest, this method is powerful!
Imagine you have 100,000 dollars, and if you can earn just 1% daily, by the end of the year, if you keep earning continuously, your money will grow to over 1.32 million! If you persist for another year, the throne of a millionaire will be beckoning you! Of course, this is an ideal scenario, but the power of compound interest is truly astonishing.
Probability and taking profits or losses, you must have it in mind!
For example, if you have a 60% chance of winning every time you invest, then you take profits at 10% and cut losses at 10%. If you do this 100 times, your money can triple! But you must strictly follow the plan like a robot, and don't let the market fluctuations disturb you.
Greed, this is your big pitfall!
Starting with 10,000 dollars, earning 10% each time, it won’t be long before you become a millionaire, or even more. But the problem is, almost no one can resist the temptation of greed, and the result is often that after making a little money, they become complacent and end up losing everything. So controlling greed is the way to go!
Now that BTC has surged back to 99,000, most altcoins are preparing to rebound, making it a good opportunity to buy the dip! I have carefully selected a coin that is expected to increase by 5-10 times; leave a comment + like for a free share!