🔥Trading cryptocurrency earned me my first bucket of gold, I bought a house in Shanghai!
Starting with 60,000 capital, through constant operations and adjustments, I ultimately achieved a leap in wealth, reaching 24 million. I have summarized a few experiences, hoping they can help you!
1. Understanding how to buy coins is essential for wealth appreciation
• Keep most of your positions in BTC and ETH, as these two are the most stable and promising assets; the remaining funds can be used for some major investment opportunities.
• During market corrections, choose promising altcoins to buy at low prices, and cash in profits when the market recovers.
2. Selling coins requires skills
The timing of selling coins is equally crucial, with two common methods:
• Target profit-taking method: Set a target return and decisively sell when achieved.
• Technical profit-taking method: Pay attention to market trends, combining MACD and moving averages; when market signals indicate a potential drop, take profits in time.
3. Holding cash is a form of wisdom
• In a bull market, persist in holding coins; in a bear market, hold cash and wait for the best entry opportunity. Although holding cash may seem boring, it can avoid losses and give you the chance to buy at lower prices.
4. Maintain patience and observe while holding cash
• When the market is unstable, hold cash and wait for better opportunities. Although it’s tempting to see others making money, staying calm and patient can provide you with better buying opportunities during significant market declines.
5. Buy right and sell right to earn more
• The key to going from 60,000 to 24 million lies in precise buying and selling timing. Steady holding of mainstream coins combined with flexible market operations is the secret to steady profits.
6. Learn to take profits and avoid excessive greed
• Using technical analysis and setting target prices can help you sell in a timely manner amidst market fluctuations, avoiding losses caused by greed.
7. Cash holding techniques, patiently wait for good opportunities
• The highest state is to hold cash and wait for market corrections. Patiently waiting for low points to enter allows you to achieve maximum returns during sharp declines.
Potential project: Marvin
In addition, I am currently laying out a potential project—Marvin on the Ethereum chain, with a target of over 5 times, and the expected increase is likely to exceed 10 times. If you are interested in potential coins, Marvin is worth paying attention to!