In the cryptocurrency circle, a true master is not necessarily a skilled one. I have always strictly followed the iron law of the market:
1. There is no top when the price rises, and there is no bottom when the price falls. Many people do not believe that the price of Bitcoin can reach $150,000, because the bull market has not yet arrived. Let's say 68,000 is the bottom, but do you dare to believe it when it falls to 62,000? It ended up at 56,000.
2. It is best not to exceed 5% for each transaction. Why is it more difficult with smaller funds? Real masters build positions in batches of 5%. Just think about how many opportunities they have for trial and error! How low is the cost!
3. Those who are afraid of heights are miserable. You must know that the cost of the main force in a currency is very high, including publicity and distribution fees, chip fees, development fees, etc. This is not 20%-50%, but several times or even dozens of times.
4. The bull market is the only chance to turn around. Buffett had to admit his loss even if he caught up with the bear market, so Buffett could only stay in the US stock market and in Omaha!
5. The backwardness of technical indicators. This is why technical indicators can only be used as a reference, not as the main basis for buying and selling. When the market is rising strongly, technical indicators are also going well. In fact, it has already risen a lot. Do you chase it? Take the MACD indicator as an example. There are many cases of golden cross on the same day and dead cross on the next day.
6. Believe that you will eventually defeat the market. Which big boss is not full of confidence? Everyone has lost money, but has never been defeated! If you don’t even believe that you can make money, do you think you can make money?
$BTC $BNB $ETH #btc #eth #bnb #pepe #pepe⚡