I entered the crypto world in 2017, and back then through buying and selling altcoins and contracts, I experienced many ups and downs, but I managed to earn a lot of money, with my assets multiplying by thousands. In 2019, I made over ten million. I'm not saying this to brag, but to share some real insights with you so that you can avoid detours and achieve financial freedom sooner.
First of all, trading coins is not a get-rich-quick scheme. Many people start out thinking they can invest a few thousand and make millions in a few months; this mindset will ultimately lead to total loss.
You need to understand that trading coins is a long battle, and you must remain rational and always be aware of risks.
You need to thoroughly research the projects you want to invest in and know what you're investing in. You can use websites like CoinMarketCap and CoinGecko to check the market cap and circulation, and then use tools like Messari and Glassnode to look up on-chain data. Don't forget to check the project's white paper to understand its technology and application scenarios. The team's background is also very important; projects backed by top institutions generally won't be bad. And don't forget to look at the community and development activity, which you can check on GitHub.
When investing, don't put everything in at once; build your position in batches to reduce risk. When the market is highly volatile, you need to be patient and wait for corrections or sideways movements to add to your position. Also, you must set stop-loss points; don't lose everything because of one failure. Trading coins also requires trend analysis to identify rebound points, and you need to pay attention to market sentiment. When a coin starts to gain traction, 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 coins relies on strategy, knowledge, and patience; don't think you'll get rich overnight; it takes time. Learn from failures so you can seize the next opportunity when it comes.
Opportunities are earned, don't rush to make decisions. Seize your own opportunities, and don't be confused by those that don't belong to you. Trading isn't about getting rich overnight; it requires continuous gains. Professionalism is the hard truth, and details determine success or failure. If you feel lost in the crypto world, I hope my sharing can provide you with some inspiration and help!
Next, I will take everyone to find lucrative opportunities in altcoins; expecting returns of over 10 times is completely feasible. Like and leave comments, and I'll guide you through the entire bull market!