To make big money in spot trading, you must strike hard near the lowest price in each round of bear market, and this lowest price is based on the BTC market. When BTC falls to the lowest point in the bear market, the last 50 basis point rate hike by the Federal Reserve is used as a reference point. Spot trading bought at the lowest price in the bear market should be held through the alternation of bear and bull markets, and then the focus should be on long positions in the currency standard (for example, BTC has been longed intermittently from 17,000 to 90,000 now), making money with coins, and selling the profits earned from the currency standard in batches at highs in the middle and late stages of the bull market, and finally selling the principal of the currency standard contract. Therefore, I basically don’t buy a single spot in the bull market, I only sell but don’t buy.
Sol is the coin that has benefited me the most in this round. The profit is more than 10 million in almost two years. Although I bought BTC at 17,000, I didn’t continue to do the currency standard and had 18 coins blown up in the middle, so the profit is not as big as Sol. Sol was bought as soon as FTX crashed and fell to 8-13💲 the year before last. I bought the second hand when it rebounded and broke 82 last year. I never bought another Sol after that, so the cost has been maintained at the current average price of 46💲. I only bought a few hundred Sols in total before, but I have been doing long positions on the currency standard for more than a year. I basically started to do long positions from the lowest price, and I have earned more than 7,000 Sols in total, and I only started to sell them in batches when they were above 168.
When FTX crashed in the second half of the year before last, 99% of the people on the entire network were shouting that Sol would return to zero (including FTX's platform currency FTT). It took great courage to buy Sol at that time. But I only bought 100 Sols at that time. It can grow up later. It only started to show its edge after October last year. Because my characteristic is that I don't buy spot when it rises, but only sell when it falls, especially the mainstream cottage with the largest single-day decline, I will buy a little. Of course, luck also accounts for a part. If it is like Luna, then it will be gone. However, if you don't spend a lot of money to buy a single spot, and spread the risk, then there is no big problem.
I never play short-term or medium-term spot. In the early stage of the bull market, I only took BTC, ETH, and SOL to do long currency standard, earning currency with currency, always consistent, and sell the currency standard profit at a high position during the rise. With this method, every round of bear-bull alternation, I can earn 20 to 30 million in profit with a principal of one or two million.