I have been speculating in cryptocurrencies for several years. I entered the crypto industry in 2017-2018. I secretly took out 200,000 yuan of savings from my family and lost it all. I also borrowed tens of thousands of yuan to double my money. Finally... it was all gone... it was only more than 20 yuan in total. My family was devastated when they found out. My mother also collapsed and went to the hospital room in an instant. At that time, I wanted to jump off the building. I was determined and thought that I couldn't fall down like this, I had to make it back.
After more than a year, I worked hard to pay off my debts and learn about the cryptocurrency world. I have paid off my loans and saved tens of thousands of yuan. I have also rested for such a long time. I found a cheap rental house and devoted myself to the cryptocurrency world full-time, trying out the knowledge I have learned in the past year with a small position. If I make a mistake, I will summarize the mistakes I made, summarize my own mistakes, observe the ideas and skills of the cryptocurrency masters, and become more and more stable, and the winning rate is getting higher and higher. I am no longer blindly entering and exiting the market, but making good account planning, combining the short and medium term with the best compound interest.
Later, I secretly borrowed 50,000, and after two years, I earned 500,000. My family looked at me with new eyes and has always supported me. I recall those days after leaving home...
Secrets of the cryptocurrency circle, mastering one can unlock a life of wealth. One trick can indeed be applied to everything.
I. The longer the sideways movement, the higher the rise; the longer the sideways movement, the higher the rise.
II. Sideways consolidation is a sign of bottom accumulation. The more chips accumulated, the greater the ambition. When it suddenly drops while moving sideways, it must be a small drop, and after the drop, it must rise. When it suddenly rises while moving sideways, it must be a small rise, and after the rise, it must drop. The sideways accumulation phase is characterized by strong accumulation, and the way it manifests is through wash trading, which involves back-and-forth price fluctuations, simple and brutal, but effective.
III. If it does not create new lows, it is about to rise quickly; if it does not create new highs, it is not good. Not creating new lows indicates that the main force is entering and continuously acquiring, about to bottom out; not creating new highs indicates that the dealer is secretly unloading, which is very bad.
IV. When the volume reaches a certain critical point, it indicates that a significant rise is likely if it is low, and a significant drop is likely if it is high. When the volume at the critical point is observing, with no one buying or selling, it is either that everyone is waiting for a rise with their chips or the dealer has run out of chips and is waiting for a drop.
V. After a slight drop to the peak, explore again; after a rebound from the bottom, touch the bottom again and then explore again. This is the dealer's way of offloading the remaining goods, and touching the bottom again is to collect the chips that were shaken off at the bottom.
These six iron rules, I hope you can also remember in your heart.
You earn from your head, not just from gifts.
The cryptocurrency circle is full of opportunities and challenges. Countless people enter this field with dreams of wealth, but many leave in disappointment. To establish yourself in the cryptocurrency circle, you cannot blindly follow trends; you must study diligently, and understanding the basics is the first step.
Knowing the characteristics of different currencies, principles of blockchain technology, etc., can make you more composed when facing various investment choices. Analyzing news is also crucial; paying attention to industry dynamics and policy changes can significantly impact currency prices.
For example, if a certain country introduces a friendly policy towards digital currency, it may trigger a wave of market activity. Technical indicators cannot be ignored either.
Common indicators like moving average systems and RSI cannot guarantee 100% profit, but they can provide decision-making references. Investment cannot be without planning.
If you operate carelessly, your funds can easily be lost completely.
You need to develop a reasonable investment plan based on your own risk tolerance and investment goals. In the cryptocurrency circle, there is a strategy called going with the trend.
When the market trend is obvious, following the trend can yield good returns.
But be aware that trends can reverse at any time, so always remain vigilant.
Another method is to build positions in batches.
Do not invest all your funds at once; instead, buy in batches. This can reduce costs and minimize risks.
So, when is it suitable to invest boldly? There are the following situations.
It is a significant bottom signal after a prolonged market downturn. For example, trading volume gradually increases, and technical indicators begin to improve. Secondly, it is after major positive news is announced, such as the launch of an important project or the entry of large institutions.
It is about breaking through critical resistance levels. When the currency price breaks through long-standing resistance levels, there is often a wave of upward movement. However, investment should not be overly greedy. Set your profit-taking and stop-loss points well.
When you reach the expected return, sell decisively; when losses reach a certain level, cut your losses timely. Investment in the cryptocurrency circle is like a game. You must continuously learn and accumulate experience to win in this contest.
Do not be affected by short-term fluctuations. Sometimes, prices may experience significant volatility, but this does not necessarily indicate a change in trend. Stay calm and analyze the market situation.
Choosing a reliable trading platform is also very important.
Choose safe, stable, and reputable platforms for trading.
Finally, investment is a long-term practice. You need to be patient and composed, and not rush to achieve results.
I believe that as long as you master the correct methods, you can achieve wealth appreciation in the cryptocurrency circle. Speculation is a game, and it is also your career. It requires continuous effort, investment, and summary. I am looking for a game greater than entertainment and social interaction. I want to become the best in the cryptocurrency circle through my own efforts—this brings me true joy and satisfaction. Trading cryptocurrencies is like playing a game; you must win in this game. Good cryptocurrency traders cannot be unlike well-trained professional athletes; they must develop good living habits and maintain ample physical strength if they want to keep their energy at peak levels. Physical strength and energy must be consistent because there is no battlefield more intense and exciting than trading cryptocurrencies.
What drives me is definitely not money; it is a game, a game of unraveling mysteries, a game that complicates the greatest minds in human history.
For me, passion, challenge, and excitement are all about winning this game. This game is a dynamic riddle, a riddle with a pun, and I am the one to tell all the men and women speculating on Wall Street.
In the game, your nerves are pushed to the limit, but the rewards are also very high. My career is trading—following the facts at hand, not what I think others should do.
Let me remind you: your success will be proportional to the sincerity and loyalty you demonstrate in your efforts. This effort includes keeping your own market records, thinking for yourself, and drawing your own conclusions.
If a person wants to live on this game (speculation), he must believe in himself and his judgment. No one can make a lot of money based on someone else's advice. Trading is the greatest and most complex riddle invented by humanity; the one who unravels this riddle deserves the top prize. A person needs to spend a long time learning all the lessons from all his mistakes.
Some say that everything has two sides, but the stock market only has one side, not the bullish side or the bearish side, but the correct side. Let this principle be deeply engraved in my mind; the time spent far exceeds most technical aspects of speculative games.
There is only one path to success in speculation, and that is hard work, effort, and more effort.
From trading, I have penetrated the meaning of life, learning to examine everything around me from the perspective of volatility and probability, and seeing clearly what I want. This is my greatest gain from studying and researching trading.
Since I consider myself enlightened, I buckle my seatbelt when driving, quit smoking, renounce arrogance and impatience, lead a down-to-earth life, love learning, love working, and treat everyone and everything around me kindly.
Breaking bad habits happens naturally and effortlessly.
Ask me what the true meaning of trading is? I seek only one defeat.
Ask me what the true meaning of life is? I seek only one death.
Do you think this is pessimism? Do you think this is arrogance?
No! This is a quiet and peaceful attitude towards the game, neither sad nor happy, neither afraid nor daunted.
If you are also a tech enthusiast and potential core researcher in the cryptocurrency circle's technical operations, feel free to follow me and we can open up a new horizon together.
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