To make big money in the cryptocurrency market, you must go through the baptism of the market. The bull market will not last forever, there will always be a big drop. Except for the dealer, no one can accurately predict every pullback.
If you sell your stocks as soon as you encounter a pullback, you will always sell them. If you go short too early, you will miss the opportunity. To make money, you must be patient and stand the test of time to gain a foothold in the cryptocurrency market, otherwise you can only exit sadly.
Wanting to avoid the pain of a pullback and wanting to make a lot of money in the cryptocurrency market are two conflicting ideas. For example, if the coin you bought has increased tenfold, but you only invested $10,000, you will make $100,000; but if you invested $500,000, you will make $5 million.
Suppose you just bought the coin and it fell by half, then went sideways for three months, and finally rose a hundred times. It is very likely that you have already sold your stocks when it fell and went sideways.
If you can't wait until the final harvest, you can only hold on unless you really understand the project and believe that its value will come back.
Therefore, to be free in the cryptocurrency world, you need three steps:
Choose the right coin,
Make a big bet,
Persevere to the end.
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