Is there any way to ensure steady profits without losing money in the currency circle?
After graduating from high school, I have been working hard for 4 years. In the past four years, I have experienced ups and downs, with bright moments of profit and darkest moments of loss. I have tried various methods such as ICO, Dogecoin, and mining, and witnessed three alternating cycles of bull and bear. Eventually, I discovered a secret to making money: buy in a bear market and sell in a bull market.
A bull market is like a big carnival, usually lasting six to twelve months, while a bear market is like a long winter, lasting one to two years. A complete bull-bear cycle is like a cycle of four seasons, which lasts about three to four years. We must be good at seizing this cycle and earning at least 50%+ profits in the bull market, which is much more profitable than other financial management methods, stocks and funds.
What should be done specifically?
1. Buy bravely in a bear market. Just like a cheetah waiting for its prey, we must be patient and wait until the bottom of the bear market before taking action (although it is difficult to catch the lowest point). You can buy gradually in several installments, as this process may take some time.
2. Choosing mainstream coins is key. BTC and ETH are like the king and queen of the cryptocurrency world, and you can’t go wrong by buying them in a bear market. At the same time, you can also pay attention to some potential basic chains, such as SOL, AVAX, or some well-performing infrastructure coins, such as MATIC, as well as popular popular coins, such as doge, SHIB, RATS, and PEPE. Remember, you must choose mainstream coins for heavy positions, and don’t be fooled by altcoins.
3. When the bull market enters the mid-term, it is our harvest season. At this time, BTC will soar like a rocket, driving ETH to take off together. Other mainstream coins will follow closely, while most altcoins will slowly catch up.
4. In the later stages of the bull market, BTC may begin to fall, but ETH may briefly rise. The popular altcoins in this bull market will soar several times or even hundreds of times like a roller coaster.
5. When the bull market comes to an end, BTC will plummet by thousands or even tens of thousands of points, and then rebound slightly. At this time, many people will think that it is just a small correction. But in fact, after a few such plunges, the bull market is over. If you are accidentally trapped, you must stop the loss decisively, otherwise you will lose more.
6. The bull market is full of opportunities, but also hidden traps. Don't be tempted by the crazy rise of altcoins and blindly buy or hold heavy positions. This is simply gambling.
7. After buying in a bear market, wait patiently like a sniper until the bull market arrives before selling.
8. Don’t pay too much attention to the ups and downs during the period. After selling, wait patiently for the bull market to end and enter the bear market. This may take a year or two. Even if you make money in a bull market, don’t be impulsive to play with altcoins. If you really can't help but want to gamble, you should control your funds and be happy with your small gambling.
Finally, remember that preserving your principal is most important. If you are accidentally trapped, you must find a way to protect your principal. When the currency market collapses, you must cut off your assets decisively so that you can preserve most of your principal and prepare for the next opportunity.
This is some of my experience in the currency circle, I hope it will be helpful to everyone. Of course, the currency industry has high risks and investment needs to be cautious. Everyone should make reasonable investment arrangements based on their own circumstances.
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