After 6 years of trading cryptocurrencies, I've summarized it into 16 statements to share with everyone. Please forward it to your friends who trade cryptocurrencies; they will undoubtedly benefit for a lifetime!
1. Buy altcoins in a bull market, buy BTC in a bear market. 2. Pay close attention to coins that show volume at the bottom, as this often signals a launch. 3. A pullback to important moving averages in an upward trend is a buying opportunity. 4. Don't trade frequently; making the right call on a few major trends in a year is enough. 5. Manage your position well; never go all in, always leave yourself some room to maneuver. 6. Don't average down on losing junk coins; cutting losses in a timely manner is the wise choice. 7. News can only serve as a reference; don't bet everything based on news. 8. Don't touch coins you are not familiar with; focus on the sectors you understand. 9. Don't let market sentiment sway you; stay calm and rational. 10. When altcoins rise too much, they will definitely fall; when they fall too much, they may not necessarily rise. Choice is crucial. 11. When most people are optimistic, it is often when the risks arise. 12. Learn to stay out of the market; wait for clear signals before re-entering. 13. Don't follow the hype; trends often come quickly and leave just as fast. 14. Have your own trading system and stick to it rigorously. 15. Investing is a long-distance race; maintaining a good mindset will allow you to come out on top in the end. 16. Investing doesn't guarantee profits; it is likely to result in losses, so try to invest with spare money. When you invest with spare money, your mindset will be better, and the chances of winning will increase. #特朗普上任前风向分析 With six years of experience in the cryptocurrency circle, I share my insights on contracts and spot trading for free. Feel free to click on my profile to consult; let's improve together!
In the cryptocurrency market, it is often a case of 'slow rise, sudden fall.' This situation mostly occurs during a rebound or in the middle of an uptrend. To put it simply, this is an old trick of washing out in a bull market.
When a coin finally rises for a few days, suddenly there's a big drop, and the gains of several days can be wiped out in one day. As a result, newbies and those who can't handle it are scared into giving up their chips.
Once the price drops to a certain level and stabilizes, it starts to rise slowly again. When the stock price corrects to a new high, and rises to a certain height, more people follow the trend, and the main capital employs this tactic again, suddenly braking during the upward journey. This kind of drop is fast and short-lived, with the market able to fall 5%-10% within a few days; sometimes it can drop 15%-20%. But don't worry, it will stabilize near important support lines.
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Selling in the crypto world is the hardest. It's not the method itself that is difficult, but your reluctance to part with profits and your greed for a little more. However, those who have not experienced the entire cycle of bull and bear markets do not understand this. For example, in a bull market, your assets might reach tens of millions, and after a night's sleep, they could drop to 7 million. Would you sell or not? Newcomers definitely wouldn't sell, feeling as if they've lost 3 million. Those who have lost money in the past will definitely sell because they feel they have earned that 7 million; that 3 million is just the wealth god taking it back, and they consider it an offering to him. Many people join various groups and start selling whenever the group is lively, believing that this indicator for selling is definitely accurate. When most people are excited about making money, that's when you should exit. But don't rely on this indicator to catch the bottom; the emotions of fear and disappointment are hard to quantify, whether it drops by 10%, 20%, or even 50%. They all seem quite similar.
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Why does frequent trading lead to failure? Small funds don't grow large through frequent trading, but through perspective and understanding. When I made my first million from ten thousand, I didn't follow the technical analysis that most people blindly believe in and boast about; instead, I grasped the underlying logic and understanding. Is the probability of a good harvest greater in fertile land or in arid regions? I don't know who instilled in people the notion that small funds must grow through daily compounding, yet no one tells you that this is extremely difficult, akin to walking a tightrope on a cliff—one misstep and you could plunge into the abyss. Those who love to trade frequently likely have a very low perspective and understanding, unable to discern and patiently wait for the best opportunities. Most people engage in frequent trading, driven by the human instinct for speculation, hoping to get rich overnight. However, trading is precisely anti-human; only top speculators can succeed. Top speculators must have top-notch understanding and only choose the best opportunities. Until you have that top-tier understanding, you will always be cannon fodder—either making gains only to lose them back or perpetually losing.
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Let's talk about the fee rebates. There are still many people who do not know about the profits from fee rebates, so let me explain again. For example, with 50,000 USDT and using 20x leverage, if you open a half position each time, the trading volume would be approximately 500,000 USDT, with fees of 250 USDT for opening and another 250 USDT for closing. Assuming three trades a day, that’s 500 * 3 = 1500 USDT in fees per day, which totals 45,000 USDT for a month, and approximately 540,000 USDT in fees for a year. Therefore, it is essential to utilize fee rebates; the fees can be considered as free profit. If you don’t use fee rebates, it’s easy to lose money. If you have the fee rebates, even if you lose money, as long as the losses are less than the rebates, you are still making a profit. 👉 How much do you know about transaction fees? Transaction fees are the largest cost in the trading process! 👉 Here’s an example using Binance trading fees: 🔺 USDT-Margined Contracts Maker: 0.02%. You can simply understand this as a limit order, whether buying or selling, the fee is 0.02%! Taker: 0.05%. You can simply understand this as a market order, whether buying or selling, the fee is 0.05%! 🔺 For example, if you open a large position with 1000 USDT and use 100x leverage, the buying calculation would be based on 1000 x 100 = 100,000 USDT. The fee for opening would be 50 USDT, and closing again would be 50 USDT, totaling 100 USDT. If you have four trades a day, the daily fee would be 400 USDT. Even if you trade just once a day, that's still 3000 USDT in fees for a month, and 36,000 USDT for a year. Honestly, for those of us who frequently trade contracts, do you believe how much you spend on fees!!! 🔺🔺 So everyone must utilize fee rebates; every rebate is money saved! Once you activate it, as long as you preserve your principal without losses, based on the above calculation, you could potentially get back tens of thousands of USDT in fees for the year. If you mistakenly blow up your account, the fee rebates can give you a chance to make a comeback! 🔺 I hope everyone has a smooth trading experience in a bull market and we all get rich together!
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Summary of years of trading experience in cryptocurrencies: 1. Keep an eye on one product. 2. The simpler the indicator, the better (moving average, trend line). Simple is beautiful, simple is stable. 3. Develop the habit of reviewing after the market closes. 4. The entry and exit indicators should be consistent. 5. Develop the good habit of right-side trading. 6. Keep a stable mentality and grasp the market trend. 7. Do not trade with heavy positions, and mature traders should also trade with light positions. 8. Do medium and long-term in trending markets and swing markets. 9. Go long when the price is above the moving average, and go short when the price is below the moving average. 10. The relationship between the position and the futures price should be clear. Go long when the position increases, and go short when the position decreases. The increase in the position should be reversed, and the decrease in the position should also be reversed. 11. Go long when there are more cycles of rising, and go short when there are more cycles of falling.
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6 years in the cryptocurrency world have taught me that the truly skilled trading masters have several major rules for trading coins, especially the first three, which are really effective: 1. Do not engage in short-term trading 2. Do not overly rely on technical indicators 3. Do not enter the market after a price drop of 50% 4. Select target coins and invest heavily 5. After entering the market, do not pay attention to the overall market trends 6. Wait patiently at low levels for a double return, and decisively liquidate when the target is reached 7. Stay away from junk coins 8. Go with the trend; it can always be a bull market
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In the cryptocurrency world, there are some little-known facts or techniques that are often overlooked but are very important. Today, I will share a few: 1. Cost averaging is not as simple as it seems. For example, if you invest 10,000 U when a coin is priced at 10 U, and then add another 10,000 U when the price drops to 5 U, your average cost is actually 6.67 U, not the 7.5 U that many people assume. This situation is very common in a volatile market, and understanding this cost calculation method helps in managing positions. 2. The compounding effect is astonishing. Assuming you have 100,000 U and earn 1% daily, you exit. If you can maintain 250 trading days in a year, your assets will grow to 1,323,200 U after one year. Continuing for two more years, your assets could even reach tens of millions. Of course, this result is based on stable returns, but the hidden challenge is how to consistently maintain this compounding effect. 3. The relationship between probability and take-profit and stop-loss. If your investment success rate is 60%, and you set a 10% take-profit and stop-loss each time, after 100 trades, your total return could reach 300%. But this premise requires you to strictly follow your trading plan and not let market fluctuations affect your emotions, especially maintaining calm in a highly volatile market. 4. Greed is the biggest enemy. If you start with 10,000 U and make 10% each time, on the 49th day, your assets could reach 1 million U, on the 73rd day, it could surpass 10 million, and on the 97th day, there’s a chance to exceed 100 million. However, in reality, very few can achieve this because most people cannot control their greed during this process, leading to setbacks along the way. This is why many traders find it difficult to maintain profits over the long term. Contract trading and position management. In contract trading, position management and capital management are key to success or failure. Many people use 20%-30% of their capital as the base position, but I personally prefer to use only 2%-5% and employ 20x leverage. This effectively controls risk and avoids emotional decisions due to excessive volatility.
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After seven years of cryptocurrency trading, I have been fortunate enough to earn over 30 million, and now I rely on the income from trading to support my family. Throughout this long journey of trading, I have summarized six key experiences. Though brief, every sentence is essential, and I would like to share them with everyone.
First, when trading cryptocurrencies, it is important to focus on those with strong trends. If you're unsure, you can refer to the 60-day moving average indicator; when the price is above the 60-day line, you can consider entering the market or increasing your position. However, once the price falls below the 60-day line, you should decisively exit. This method is quite effective in most cases.
Second, when you encounter a cryptocurrency that has risen more than 50% in a short period, do not rush to chase the high, as it can easily lead to panic. In fact, choosing to enter when the price is low not only carries relatively lower risk but often offers greater potential for profit later on.
Third, generally speaking, there are some signals released before a cryptocurrency makes a significant rise. For instance, the price may experience slight fluctuations, typically in the range of 10% to 20%, while the trading volume decreases. At this point, we can slowly buy in at lower prices, and there's a high probability that we can ride the wave and enjoy some profits.
Fourth, once a new hotspot appears in the market, the initial days will definitely see high enthusiasm, and a large amount of capital will flow in. We should seize such opportunities, closely follow the movements of large funds, and easily make money.
Fifth, if a bear market arrives, you must restrain your hands and refrain from trading for at least six months. During poor market conditions, minimize trading and know when to take a break; this is what true experts do.
Sixth, set aside time each week to review your trading situation, not merely to see if you've made a profit or a loss, but to examine whether your strategies are correct. If the strategy is right, then continue to adhere to it; if it is wrong, then quickly adjust and improve. By doing this for several months, your methods and thinking in trading will become increasingly stable.
Finally, I want to tell everyone that success never comes without reason; it only belongs to those who are well prepared. I hope my experiences can provide some help to everyone.
How much time is needed for high-level unloading? The answer is 4-6 weeks First week explosive rise Second week breaking new highs Third week volatile market Fourth week altcoin surge Fifth week downward volatility Sixth week high pull with a spike ending
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The root of people's financial losses lies in the abuse of the shared human concept of 'reflexivity'. For example, when the price is at 10 yuan, you analyze and believe it will rise, and impulsively make a purchase. The next day, the price reaches 15 yuan, and you wonder whether to sell or hold. You decide to wait. The day after, it drops to 13 yuan. At this point, you think: if I didn't sell at 15 yuan, how can I sell at 13? What if it drops to 10 yuan? That would be even worse. You hesitate for a while, and decide to wait again. 📌 The day after that, it falls to 9 yuan, and you think: it can't possibly not go back up; I've analyzed everything, and the positives are overwhelming. Later, it drops to 8 yuan, and you believe you can't sell; selling would only incur greater losses. All human activities adhere to the principle of 'reflexivity', and trading is no exception. You see a price, input it into your brain, take action, throw money in, the price changes, the new price is input into your brain, action is taken again, the price changes again, and the process repeats.
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Projects like this are unlikely to fail or look too bad easily. Only by maintaining a certain market image can the project continue to move forward. So is the current price a good entry point? I believe if you are dealing with a small amount of capital, you can consider entering the market appropriately. If your risk tolerance is low, you can set a grid between 10 and 50, investing in batches according to your financial situation, which is relatively safer.
Currently, the price has pulled back to 18U, still maintaining a global level of influence. Why do I think it has reached a suitable pullback? Look at the previous Shib and Pepe; after their explosive growth on the chain, they also listed on major exchanges, and then after 1 to 2 months of consolidation in the secondary market, they surged tenfold again. Now, Trump has been consolidating for over a month.
Trump Coin will not easily disappear. Once the adjustment ends and it starts to rise, it may experience a significant increase again, which is basically consistent with previous predictions and time nodes. At that time, Trump Coin may rise along with the overall market, creating a FOMO climax, and then face another adjustment. That may be the end of the entire cycle, and the real bull market may begin afterwards.
Trump's influence is global. If you mention BTC, ETH, SOL to outsiders, you might be looked down upon or considered insignificant. But on the day Trump goes live, almost all outsiders will have heard of this project. The emergence of Trump has attracted a large number of newcomers to the market, making it a ceiling-level project. Based on the current market trend, the upcoming bull market is estimated to rise 5 to 10 times, which is entirely possible. If you haven't bought $TRUMP yet, you might regret missing this opportunity later.
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Must-read for retail investors! How to outsmart the big whales in the cryptocurrency market?
Did you know? In the cryptocurrency world, 90% of losses may be caused by the big whales! They easily make millions of dollars through pump and dump schemes. But don't worry, with the right strategies, you can also avoid the traps and earn six-figure profits! Below, I will share my winning secrets:
Whale operations revealed: Accumulation followed by pumping: Whales quietly buy in and then push up the price. Accumulate again and pump: After a peak, they continue to buy, and the price rises again. Distributing and dumping: When prices are high, they sell off, and retail traders suffer. Distribute again and dump: Another round of dumping to maximize profits. Price manipulation: Whales control the market, and retail traders can only be led by the nose.
Beware of these key signs: 🚩 Sudden price changes: A sudden price surge followed by a quick crash is a classic trap set by whales. 🚩 Fair value gap: Large price fluctuations and imbalances indicate that a correction is imminent. 🚩 False signals: Whales create misleading signals, don't be fooled!
How to outsmart the whales: Keep an eye on support and resistance levels: Monitor price changes at key positions. Stay calm during declines: Don't panic when prices drop; whales may want to drive you out. Identify patterns: Understand the operational patterns of whales to win with intelligence!
With knowledge and strategy, we can also defeat the giants! #USTariffIncrease #TokenReserve This market changes every day, so you need to seize the right moment to act. If you're still confused, you can follow me; I regularly share cutting-edge information and practical strategies. Feel free to discuss anytime and let's seize the big opportunities together!
“Dogecoin Surge: Is $3 Just the Beginning? Analysts Predict a Bull Market Ahead, Eyeing $40!”
Is the price of Dogecoin (DOGE) expected to break through $3? TradingView analyst Burrs points out that the current market trends indicate that Dogecoin might be on the verge of a strong bull market. He analyzed the impact of political events on cryptocurrencies, particularly the potential influence of the U.S. presidential election on Dogecoin's price.
Through historical price charts, Burrs believes that Dogecoin is repeating past bull market patterns. He also mentioned the connection between Elon Musk's Department of Government Efficiency (D.O.G.E) and Dogecoin, suggesting that future government policies or regulations might indirectly boost the cryptocurrency market. Additionally, Trump's upcoming presidential inauguration could become a catalyst for the next market rally, with Burrs predicting that Dogecoin's price could soar to $3 on that day.
Although Dogecoin is currently trading below $1, Burrs believes the market is in the early stages of a bull market, providing more upward potential for Dogecoin. He noted that some analysts even predict that Dogecoin could reach $40 next year, but this target is questioned due to market cap limitations. To achieve the $40 target, Dogecoin's market cap would need to exceed that of major cryptocurrencies like Bitcoin.
Burrs also explored the possibility of Dogecoin's price reaching $20, although he remains cautious about this goal. Currently, Dogecoin's price is around $0.37, and if market sentiment is extremely optimistic and widely adopted, the price could rise by approximately 5,300%. However, this prediction sharply contrasts with his confidence in the $3 target, highlighting the uncertainty in the market.
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How can ordinary people make big money in the cryptocurrency space???
To succeed in the cryptocurrency space, the key is to understand oneself and one's goals. Successful individuals are rare; about 10% of people make a profit, of which only 1% can make a substantial profit. 20% break even, and 70% incur losses, with most losses ranging from tens of thousands to hundreds of thousands, and a few individuals losing millions or even tens of millions. Recognizing one's own capabilities is crucial, including social skills, information, capital, channels, technology, and mindset. Even if one believes they lack strength, it does not preclude making a profit. The key is to honestly assess oneself and set reasonable goals. For those with weaker capabilities, holding Bitcoin (BTC) for the long term is a viable strategy without the need for frequent trading. Profiting through arbitrage and other means in the short term may be possible, but in the long run, BTC has greater appreciation potential. Market rules often balance technical advantages, so investors without information advantages should avoid blindly pursuing high profits. In short, understanding one’s own capabilities, setting reasonable goals, and following market rules are the keys to successful investment in the cryptocurrency space.
As an experienced cryptocurrency investor, I, Tu Fei, share my experiences and insights. Interested in the cryptocurrency space but don’t know where to start? Click on my profile picture to see a brief introduction and witness the miraculous moments together.
1. Essential Characteristics of Cryptocurrency Trading for Beginners 24/7 Trading: The cryptocurrency market is open 24 hours a day, allowing investors to choose their trading times flexibly, but it also requires substantial effort to monitor market dynamics. Diverse Trading Methods: Supports spot trading and contract margin trading, offering strong flexibility, but requires a high level of technical analysis skills. High Transaction Fees: Trading incurs transaction fees, especially significant for margin trading, with different platforms having varying rules. T+0 Model: Buy and sell at any time without time restrictions, suitable for short-term operations. No Price Limit Restrictions: High returns come with high risks, and the market is highly volatile, necessitating strong risk management capabilities. Free Withdrawals: Cryptocurrencies can be withdrawn to personal wallets at any time, with no fee limitations.
2. Four Key Preparations Before Trading Interpreting Market Information: Major news often triggers significant price fluctuations; beginners are advised to remain observant and avoid blind trading. Mastering Technical Analysis: Learn technical indicators such as moving averages, KDJ, and Bollinger Bands, create a study plan, and gradually enhance analysis skills. Developing a Trading Plan: Avoid frequent trading to reduce transaction costs and maintain a rational mindset. Strict Risk Control Management: Set stop-loss and take-profit points, manage positions reasonably, and ensure risks are within acceptable limits.
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Under the shadow of liquidation, looking for a way to rebirth
After a liquidation overnight, you may feel a sense of relief, and the anxiety that lasted for days (or even weeks) finally dissipated. The sound of the fallen leaves outside the window gently touching the ground is clearly audible, and the heart also falls into peace. Usually, liquidation is often due to misjudgment and failure to set a stop loss. In fact, before the liquidation, the result is roughly clear, but there is still a trace of luck in the heart, and the hope for the future has not been completely shattered. This period is undoubtedly the most tormenting.
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Behind the Myth of Getting Rich in the Crypto World: Is it Heaven or Hell?
I once read a story from a self-media blogger, who narrated how he accidentally bought some Bitcoin during his university days, but soon forgot about it.
Years later, one day he noticed that Bitcoin had surged and topped the trending searches, and suddenly remembered his past purchase. He checked his account and was pleasantly surprised to find that he had achieved financial freedom.
Now, this blogger has become a self-media creator and has achieved great success. He mentioned that he usually buys a lot of things for his friends because he believes that the wealth from getting rich should be shared with others.
"I want to know, does anyone know someone who got rich by trading coins? What are they doing now?"
Having been in the crypto space for so many years, I haven’t seen many people get rich, but quite a few have gone crazy. Today, let’s discuss a few cases.
Case One:
A certain guy, who worked at an exchange, went overseas in 2017. The user numbers were fine, and in 2021 he went abroad to set up a mining farm. Later, due to various reasons, he got hacked, and after returning to the country, he started trading coins and lost everything. Some might wonder, why would someone running an exchange lose money? Because his mindset made him lose his rationality.....
Case Two:
A guy who hoarded coins with me in 2017 put Dogecoin on FCOIN. As a result, in 2020 the exchange ran away, which shattered his mentality. In the end, he sold all his other coins, and less than ten months later, the crypto market entered a bull market..... This guy rushed in and took the fall, and now he is running a food delivery service in some corner of a city.......
Case Three:
I met him at a project company. This guy was obsessed with technology, contracts, short trading, etc., and had hundreds of assets at his peak, but later during the 512 crash, he lost heavily.....
This story tells us: Stay away from contracts and short trading.
When is the right time to buy the dip? It’s still the same saying, feeling lost and helpless without knowing how to open a position, just click on my profile and follow me. I need fans, and you need references; blind guessing is not as good as following the stars! Following the right people is very important!
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700 yuan turns into 250 million? The harsh truth behind the myth of getting rich in the crypto world!
Someone online shared a 'myth': buying a certain virtual currency for 700 yuan, and after 20 days it surprisingly turns into 250 million! It sounds like a fairy tale, but many people were tempted, even thinking: 'I don't ask for 250 million, just turning 700 yuan into 700,000 would be fine!'
However, the reality is often the opposite — turning 250 million into 700 yuan is the norm.
In the crypto world, most addresses of so-called 'meme coins' are controlled by manipulators, and ordinary people trying to get rich with small investments are simply dreaming. I've been in the crypto world for ten years and have seen too many people with dreams of wealth end up as 'chives' harvested by project parties, exchanges, or even manipulators.
Behind the stories of getting rich quickly, there are often carefully designed traps.
Before each project goes live, a bunch of promotional materials are prepared, and 'inspirational getting rich stories' are standard. These stories exploit ordinary people's desire to get rich overnight, creating illusions and attracting a large influx of capital. Once the hype reaches its peak, the manipulators swing their sickles and start harvesting.
Why do I not recommend playing short-term, contracts, or new investments? Because these methods are essentially gambling against manipulators, and ordinary people almost cannot outpace them. Even if you occasionally make a profit, in the end, you will be left with nothing. The crypto world has risks, and one must be cautious when entering the market. Rather than fantasizing about getting rich, it's better to be practical and stay away from those seemingly enticing 'myths'.
When is the right time to buy at the bottom? It's still that saying, if you feel lost and don't know how to open a position, click on my avatar to follow me. I need fans and you need references; blind guessing is not as good as following Star Language! Following the right person is important!
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Playing Texas Hold'em vs Memes, Deriving the Optimal Strategy
Trading memes is like playing Texas Hold'em; some people are loose players, wanting to gamble with any hand and quickly losing chips. These are the fish that everyone loves at the table; they are the profit providers for the other players.
Some players are tight-aggressive; they won't play unless they have hands like AA or KK. They may not win big every session, but they generally win more and lose less.
In Texas Hold'em, due to the blinds, the game is actually a race against time. If good hands don’t come, chips will gradually be lost. Some games also implement a blind increase mechanism, increasing the chip consumption of tight players to force them to play more frequently.
On the other hand, if you play tight, everyone knows your style; when you put in chips, others will simply fold, and you are left sitting and waiting. If you are too tight, the big players won’t want to play with you, directly denying you the chance to get on the table and win.
The meme market, however, is different; as long as you don’t play, there is no chip loss. No one knows if you are a tight shark or a big fish. As long as you have the patience to wait for every perfect hand (big golden dog) to play, you will have the advantage.
Therefore, the tight play style in trading memes seems to be a high-win-rate shark 🦈 profit strategy.
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