How do real experts make money in the cryptocurrency world?
1. Avoid borrowing to speculate in cryptocurrencies: Cryptocurrency speculation is very risky, and experts usually do not borrow money to invest, so as not to affect their lives after losses.
2. Use idle funds: It is best to use idle money to invest in the cryptocurrency world to ensure that it will not affect daily life, so that the mentality will be more stable.
3. Long-term investment: Experts tend to hold for a long time rather than trade frequently. They believe that time will reveal which currencies have real potential.
4. Wait for opportunities: When there are no good investment opportunities, they will wait patiently and not make a move easily, because opportunities only come to those who are prepared.
5. Don't rely entirely on charts: Although charts have reference value, experts pay more attention to the overall trend of the market and the actual value of the currency.
6. Avoid low-quality currencies: They will not invest in currencies that look fake or have no prospects, and only select currencies with potential and real value.
7. Avoid coins that have fallen sharply: No matter how attractive they are, they will not buy them once the currency falls sharply, because it may be difficult to recover.
8. Rest after the bull market: After the bull market ends, experts will stop investing and wait for the market to stabilize before looking for new opportunities.
9. Bet on the right opportunity: When they find a currency with potential, they will decisively invest more money because they believe in their own judgment and the potential of the currency.
10. Diversify investment: Even if they have more funds, they will diversify their investment and avoid investing all their funds in a single currency to reduce risks.
11. Don't watch the market: After buying a currency, they will not check the market frequently, and pay attention to long-term trends rather than short-term fluctuations.
12. Buy low and sell high: They like to buy when the currency price is low, and wait patiently for the price to rise to double their profits.
13. Planned trading: They will preset stop loss and take profit points to avoid making wrong decisions due to greed or fear.
