I entered the crypto space back in 2017. At that time, through buying and selling altcoins and contracts, I experienced many ups and downs, but I managed to make a lot of money, with my assets multiplying by tens of thousands. In 2019, I made over ten million. I'm not sharing this to show off but to share some real insights with you, to help you avoid detours and achieve financial freedom sooner.
First of all, trading cryptocurrencies is not a get-rich-quick scheme. Many people start by thinking they can invest a few thousand and make millions in a few months; this mindset will ultimately leave you with nothing.
You need to understand that trading cryptocurrencies is a long-term battle; you must remain rational and always be aware of the risks.
You need to thoroughly study the projects you want to invest in and know what you are investing in. You can use websites like CoinMarketCap and CoinGecko to check market capitalization and circulation, and then use tools like Messari and Glassnode to check on-chain data. You should also look at the project's white paper to understand its technology and application scenarios. The team's background is also very important; projects funded by top institutions typically do well. Don't forget to check the community and development activity, which can be found on GitHub.
When investing, don't put all your money in at once; you should build your position in batches to reduce risk. When the market is volatile, you need to be patient and wait to add to your position during pullbacks or sideways movements. Also, you must set stop-loss points; don't lose everything because of one failure. Trading cryptocurrencies also requires understanding trends, finding rebound points through technical analysis, and paying attention to market sentiment. When a cryptocurrency starts to become popular, that might be the time for it to rise.
The most important thing is to take profits; you need to set a profit target and sell in batches. Don't miss opportunities because of greed. Trading cryptocurrencies requires strategy, knowledge, and patience; don't think you can get rich overnight; it takes time. Learn from failures, so when the next opportunity arises, you can seize it.
Opportunities are waited for, don't rush to make decisions. Seize your opportunities, and don't be confused by those that don't belong to you. Trading is not about getting rich overnight; it requires continuous profits. Professionalism is the hard truth, and details determine success or failure. If you feel lost in the crypto space, I hope my sharing can inspire and help you!
Next, I will guide everyone to look for profitable opportunities in altcoins, with expected returns of over 10 times being completely feasible. Like and comment, and I will help you layout the entire bull market!
