The cryptocurrency world is always full of countless opportunities, and various temptations are constantly emerging. But if you really want to make money in this market, then today I want to tell you a truth: knowing how to buy is not the most important thing, knowing how to sell is the skill you really need to master.
1. The bull market is crazy, and everyone wants to rush in
Every time a bull market comes, social media is full of "getting rich in the cryptocurrency world", and everyone is competing to show off their earnings and their unique investments. However, buying is just the beginning of the game. What really determines whether you can take profits from the market is when to sell.
In a bull market, buying is actually relatively easy, because the overall market is rising, and buying any coin may give you short-term gains. But the question is, when will it peak? Once many people start to make a profit, they tend to be overly greedy, always thinking about getting a little more, but the market suddenly reverses, and the profits instantly vanish, and even the principal is lost.
2. Excessive greed is the best ally of the harvester
Most leeks die between greed and hesitation. Seeing the price of the currency soaring, I thought to myself, "Will it rise a little more?" But when the market started to fall, I was lucky enough to think that there would be a rebound, and I missed the best time to exit. It is easiest to make money in a bull market, but it is also the easiest to be harvested. If there is no clear profit-taking plan, no matter how high the income is, it is only paper wealth.
3. Learn to sell, so that you can really put it in your pocket
Instead of spending a lot of time studying which currency to buy, it is better to focus on how to formulate a selling strategy. The market is always full of uncertainty, and the skill of selling is to let you lock in your income in this uncertainty.
4. The bull market is not a shortcut to getting rich, but a test again and again
Many people think that the bull market is the best time to make money, but only those who have experienced it know that it is also a game of psychology and desire. Whether you can grasp the pulse of the market, the key is not how perfect your buying time is, but whether you can leave the market without hesitation at the high point.
In the currency circle, making money is not based on how many bull coins you can buy, but how much profit you can take away. The real master is not how accurate the purchase is, but how to withdraw from the market at the right time. So remember: it is not important to buy now, but it is the kingly way to sell!
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