How do real experts make money in the cryptocurrency circle?
1. Stay away from borrowing and trading: Cryptocurrency trading is extremely risky, and experts never borrow money to invest to avoid being dragged down by losses.
2. Invest with idle money: They only use idle funds to enter the market to ensure that their daily lives are not affected, so that their mentality is more stable.
3. Long-term holding: Experts prefer long-term investment rather than frequent trading. They believe that time will prove which currencies are trustworthy.
4. Patiently wait for opportunities: When there are no good opportunities, they would rather stay put, because opportunities only come to those who are prepared.
5. Don't be superstitious about charts: Although looking at charts is useful, experts pay more attention to the overall market trend and the true value of currencies.
6. Avoid junk coins: They don't touch those currencies that look fake or have no future, and only choose those with potential and actual value.
7. Don't buy the bottom of the plummeting coins: Even if the price is low, once the currency falls sharply, they will not easily take over, because such a coin may never recover.
8. Rest after the bull market: Once the bull market ends, the experts will take a break and look for opportunities after the market stabilizes.
9. Heavy positions in coins with potential: Once they find a coin with potential, they will decisively hold a heavy position because they believe in their own judgment.
10. Diversify risks: Even if they have sufficient funds, they will diversify their investments to avoid the huge risks brought by betting on a single coin.
11. Not watching the market frequently: After buying, they will not watch the market every day, and they pay attention to long-term trends rather than short-term fluctuations.
12. Buy low and sell high: They like to enter the market when the coin price is low, wait patiently for the price to rise, and then double their profits.
13. Planned transactions: They set stop loss and take profit points in advance to avoid wrong decisions caused by greed and fear.
