Once you gain enlightenment in cryptocurrency trading, your investment career will be greatly enhanced. In the crypto world, true experts are often not determined by how skilled they are technically, but by whether they can strictly adhere to the iron rules of the market:
The market has no tops or bottoms; the trend is king. There is no need to rush to predict the top during a rise, nor to hastily assert the bottom during a decline. Many people find it hard to believe that Bitcoin can exceed $150,000 because they have yet to witness a truly crazy bull market.
Build positions in batches, stability is king. The smaller the capital size, the greater the difficulty of operations. True experts understand the importance of building positions in batches, investing only one percent of total capital each time.
Dare to chase the highs to achieve victory. It is important to know that the cost of the main funds invested in a cryptocurrency is often far higher than what retail investors imagine, including promotional expenses, chip costs, development fees, and other expenditures. Therefore, the returns they pursue are by no means small percentage increases of 20%-50%, but returns that are multiples or even tens of times.
In a bull market turnaround, timing is king. A bull market is the best opportunity for investors to turn their fortunes around. Even investment giants like Buffett have to acknowledge losses in a bear market. Thus, he chooses to stick with the U.S. stock market, waiting in Omaha for the next bull market to arrive.
Technical indicators are for reference only. While technical indicators are important, they often have lagging characteristics. In a strongly rising market, technical indicators tend to follow the price increase positively, but by this time, the best buying opportunity may have already been missed. For example, after the MACD indicator shows a golden cross on the same day, it may turn into a death cross the next day, a phenomenon that is not uncommon in the market.
Confidence is essential for success. Successful investors possess strong self-confidence. They have also experienced losses but have never been defeated. If you do not even believe you can make money, how can you truly earn it?
Recently, I have been paying attention to Ethereum Musk 𝒑𝒖𝒑𝒑𝒊𝒆𝒔 and have positioned myself a bit.
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