How to make the first million in the cryptocurrency circle?
This is a question worth pondering. Whether it is difficult to make a million in the cryptocurrency circle depends mainly on luck and opportunity, as well as your own grasp. If one day you really buy a coin that can increase by 100 times or 10,000 times, if you don’t hold it, then wealth is destined to be out of your reach.
I once had three chances to pass by the first million. One was that I once had 60 ETH and invested in plustoken and was wiped out. Another was that I was lucky enough to participate in the purchase of shib and held it for a year. I cleared the position at the break-even price and it rose 8 times. There was also a coin in the primary market called burd that could also be sold that night to make a million, but because of the situation, the project died and only sold for 400 US dollars.
So opportunity and luck are very important. Another thing is not to be greedy. Shoot when it is time. Often because of the situation, a batch of wealth is missed. There is a saying in the cryptocurrency circle called "sell and earn forever". This sentence is absolutely correct. What you get is the best.
This bull market is different from the past. If you are optimistic about a coin, buy it and hold it well. There are many volatile and pin-point markets in the bull market. Don't participate in contracts. It is a bottomless pit. Even if you are lucky enough to make 10 profits, you can't resist a loss. This is the fact.
Never chase high, even if you miss it. This is the truth that leeks must know. Many people think that I won't buy if it falls, and I won't buy if it goes sideways, but if you have a slight rise, I will chase it in. Then after you chase it in, the coin price starts to fall again, which completely ravages your mentality and makes you cut meat back and forth. So remember not to chase the rise. It is the kingly way to buy and hold at a reasonable price.
Buy the spot and hold what you like. Don't change positions frequently. This is a taboo. If you change positions frequently, your funds will shrink. Spot is a long-term long position. Don't care about temporary gains and losses. It is slow but stable.
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