In the cryptocurrency world, a day is like a year in the human world. This statement is not an exaggeration; many people want to ride this fast train, but risks and benefits coexist.
The sharp-tongued often receive news: 'What if this falls today? Should I sell that tomorrow?' I feel a sense of panic and confusion when facing the unpredictable cryptocurrency market.
Today, the sharp-tongued is sharing valuable insights from the perspectives of news, technology, and mindset, very suitable for newcomers in the cryptocurrency world who feel lost.
I. News Section
1. To win, one must find ways to collect first-hand information; analyzing major consulting media in the field is particularly important.
2. Most media are agents for major players and are not reliable investment advisors.
3. Understanding the characteristics of different industries is the key to profit opportunities.
4. Sometimes buying against expert opinions can be a unique speculative strategy!
5. Before investing, make sure to prepare thoroughly; understanding financial knowledge, domestic and international financial policies, and political dynamics, along with a detailed analysis of the team and practical applications, is key.
6. Buy or sell upon the release of news, and execute trades when the news is confirmed.
7. Conduct your own research and judgment in the market; do not change your decision based on unverified rumors.
8. A problematic team often results in problematic products; it’s better to act cautiously.
9. Any direct investment is a professional investment, and professional investment requires a foundation of specialized knowledge.
10. Those who claim to predict accurately are often losers.
11. Inaccurate news leads to guaranteed losses; the most futile action is trying to guess the psychology of major players and traders.
12. When purchasing, understand whether the profit potential of the issuing party is reasonable in relation to the current market.
13. This circle is small, but it doesn’t mean there are no circles; knowing a few big players can be very helpful.
14. Do not change your original intention to buy or sell due to sudden news.
15. Good news often leads to bad news, and bad news can ultimately lead to good news.
16. Institutions have codes; for example, an order labeled '232323' could indicate unloading. Each institution has its own methods, so it’s necessary to study them.
17. Do not join small secret groups; if you do, you will only bring your ears and brain.
18. White papers without specific content and a research and development team have an 80% probability of being scams.
19. Whether a project is open source is crucial; generally, open-source projects will be uploaded to GitHub. If not, everyone should be cautious.
II. Technical Section
20. Choosing the right cryptocurrency means you have already succeeded halfway.
21. The strategies of major players are often surprising, deceiving naïve retail investors for their own benefit; you must accurately analyze trading volume patterns.
22. The timing of buying is the most critical aspect of virtual investments.
23. A decline of more than one-third should trigger an alarm.
24. The three steps of rising: Bottoming out – Breaking through – Soaring!
25. If the index updates for three consecutive days while trading volume decreases each time, the future may not be bright.
26. Those that have led the rise for a long time will undoubtedly see significant declines; a drop of over 50% has a high probability of a 30% rebound.
27. It is common for small investors to be trapped by large ones, so diversification is vital.
28. The rise and fall of indices are not random; they follow simpler patterns than lottery odds, and appropriate screenshots and analysis are key!
29. Anything that rises first will lead the downward trend.
30. Avoid excessive conversions in trading; do not act recklessly when in doubt, maintaining consistency in the face of change.
31. A surge in trading volume with stagnant prices is a sign of nearing a peak; at this point, 'exiting is the best strategy.'
32. The longer one hovers at a low level, the greater the potential upward movement; a rise of 30% has over a 70% chance of occurring.
33. To judge growth or decline, one must look at its gap with the trends of the times; policies pose the greatest risk, so understanding them is essential.
34. Trading volume is like a pulse, indicating whether something is sick.
Being able to sell is a hundred times stronger than being able to buy.
35. Choosing to buy is not as important as choosing a good timing.
36. Do not put all your financial resources into one asset.
37. Never think that low prices mean large potential; one must know that once a reversal occurs, selling becomes difficult, and declines can be exponential.
38. Buying assets with slightly lower profit potential and lower prices may be more cost-effective than purchasing those with slightly better profit capabilities.
39. Without considerable experience, never engage in margin trading; it’s common to end up with a bruised nose.
40. Setting long-term investment goals and principles is the top priority.
41. Market fluctuations follow a pattern; mastering this pattern can ensure consistent victories.
42. A diminishing increase with declining trading volume is a clear sign of nearing a peak.
43. Experience shows that technical factors typically have a shorter market duration, about one-third that of fundamental factors.
44. Preventing being trapped at high prices is the most important lesson for beginner retail investors, so practicing at lower levels is crucial.
45. If it should rise but does not, consider it a bad sign; if it should fall but does not, consider it a good sign.
46. Fundamental analysis tells you which cryptocurrencies possess intrinsic value, while technical analysis indicates the best timing to capitalize on them.
47. The funds in the market always flow in the most advantageous direction.
48. Lower-priced assets generally experience larger price fluctuations than higher-priced ones.
49. Buy when you can, sell when you should, and stop when you need to; safety first, prudence above all. Acting recklessly leads to loss, and greed leads to poverty.
50. Short-term market fluctuations have no relation to long-term performance.
51. Understanding the 'Sunday Theory' is crucial; many cryptocurrencies rise today.
52. Robots should still be bought, as they respond faster than the human brain.
53. The same market can have different price fluctuations and patterns on different exchanges; choosing a good exchange is very necessary.
54. New varieties are often the best short-term choices.
55. The best allocation is a combination of major markets and altcoins.
56. Major coins are relatively stable, while altcoins are highly volatile and offer more opportunities.
57. During rapid stretches, try to avoid trading.
58. It’s best not to go all in; a half position or leaving some chips can help you catch the downturn.
59. It is essential to understand the operational status of a team or foundation; if necessary, discuss it with someone you consider the most foolish to hear their opinions.
60. Avoid buying too many popular assets, as they often rise quickly but also fall quickly.
61. Avoid going all in on a single coin; try to diversify your holdings.
62. Trading volume can indicate changes; when volume starts to increase, one should pay attention and either sell or stay cautious.
63. Everything you hold will eventually be sold; not selling means being foolish.
64. The highest or lowest price during market fluctuations often becomes the peak or trough; crossing this threshold can either lead to a rocket-like rise or a waterfall-like drop.
65. Following trends is like inflating your wallet.
66. It is best to choose those with good prospects but not high popularity for easier profits.
67. Experts usually develop a plan with each step clearly defined, and the rest is strict execution.
68. The basic routine of institutions: building positions, testing the market, raising prices, washing out positions, and unloading.
69. A sudden increase in volume usually indicates one of two possibilities: either the major player is protecting the market, or institutions are going long. At this time, one should act accordingly.
70. After reaching a new level, there is usually a washout; exiting at this point may mean you miss the next bus.
71. Becoming wealthy in cryptocurrency at 10 yuan is not impossible; luck is also a key factor.
72. A significant pullback presents a buying opportunity.
73. Do not overestimate the intelligence of big players; many operations are merely displays of incompetence.
74. Before making small profits, proceed gradually; do not play with large amounts.
75. Buying at a high price carries great risk; beginners should treat this as non-existent.
76. Beginners should avoid chasing rising prices; it’s better to miss an opportunity than to rush in.
77. Be cautious with smaller allocations that only trade on one exchange.
78. Joining for free initially but later requiring various fees should be regarded as a pyramid scheme; it is advised not to join.
79. If it hasn’t been listed and has already multiplied many times during the fundraising period, it’s best not to participate.
80. Arbitraging is a relatively low-risk and easy way to make money.
III. Mindset Section
81. Small profits often delay significant market movements; do not be misled by minor fluctuations.
82. At any time, the most trustworthy source is yourself; walking your own path is crucial.
83. When in doubt, one should stop taking action, which indicates that the market situation is still unclear.
84. Being one step ahead can ensure victory.
85. There are no assets that only rise or only fall; opportunities always exist, and your target price is key. Regrets are useless.
86. Build a strong body to withstand the impacts of significant market fluctuations.
87. Buying leads to being trapped, selling leads to increases; the secret lies in the operations of the trader because they constantly study the psychology and behavior of retail investors.
88. Trading is about trading numbers; never establish a relationship with money. If you do, you will undoubtedly lose.
89. Market changes are extremely fast; fluctuations in bullish trends within 10 minutes are normal, so maintain a balanced mindset.
90. If you can’t withstand fear, you will miss out on big opportunities; courage, courage, courage.
91. Patiently waiting for a substantial buildup to become a truly outstanding stock is the real mindset.
92. The urge to make quick money is a major taboo for participants in trading.
93. Remember that the power of compound interest is the greatest.
94. The definition of a 'retail investor' is someone who chases trends and believes in rumors, with a restless mindset.
95. Listen less to calls and think more.
96. Do not estimate the market based on your own financial capabilities; your decision should not be influenced by potential gains or losses, as everything you hold in this industry is worthless.
97. You may excel in business, but it does not necessarily correlate with success in the cryptocurrency world.
98. Experience can cultivate inspiration, but inspiration should not rely entirely on experience.
99. There’s no such thing as a free lunch; you must set a loss threshold you can bear.
This is the last summary of my ten years of cryptocurrency trading experience; a must-read for newcomers!
Trading is not as simple as you think; it’s not just about buying low and selling high to make countless profits. A qualified trader must understand economics, track news hotspots, be aware of national policies, care about international situations, study the fundamentals and technical aspects of cryptocurrencies, and constantly fight against their own fears and greed. One must have a big heart to endure significant ups and downs, from nothing to something, from something to nothing, withstand temptations and endure hardships. Those who survive in this field are generally resilient, invulnerable, and forged into steel.
Three Principles of Gold Mining:
Principle one: Strictly control your position at 50% when building; retreat for defense while advancing for offense. Never go all in; if the market drops significantly, not even a deity can save you.
Principle two: Once a price increases by 2-3 times, always sell half first. After recouping costs, we can slowly play with profits until reaching your desired price.
Let's gradually exit. We leave 10% as a base position to avoid missing out, benefiting from the strong push provided by major traders.
Principle three: When the market is crazy and everyone is chasing prices, you must gradually sell your chips in batches; do not be superstitious.
The numbers in your account are not yours until they are in your pocket; the platform account is merely a string of numbers.
Three Secrets of Cryptocurrency Trading!
Secret: For small cryptocurrency websites that are not legitimate, do not invest large amounts; be cautious of those that may disappear. If you want to play, go to legitimate large sites like Huobi or Bit Era.
Secret two: There are so many recent crowdfunding cryptocurrencies; please be cautious. Not all are unsuitable for investment, but many are traps. Be careful not to rely on luck; understand thoroughly. Not all crowdfunding projects are worth investing in; it’s like gambling if you don’t know.
Secret three: The cryptocurrency market is currently quite sluggish, and the big market is cooling down. Focus on short-term operations, and when you see the right opportunity, you can invest in the top 20 quality cryptocurrencies globally, gradually building positions at low prices.
(Remember, do not go all in; that is, do not buy too many cryptocurrencies or invest too much money. You can start with a half position, controlling risks and funds. When prices rise or fall, you can timely add to your position or cut losses. This will help you make money. If you don’t add to your position in time, you can minimize losses. Trading cryptocurrencies is all about making money, so be prepared to avoid unnecessary losses.)
Finally: One crucial point is to avoid following the crowd. Many newcomers, starting in cryptocurrency trading, see others in the group or hear someone say to sell, fearing a big drop if they don’t sell. This is the dumbest approach, as many people either have no assets or are misleading novices to create panic, forcing you to sell at a low price, resulting in losses. Those who panic and quickly sell their assets end up losing out as others buy at low prices. Trading cryptocurrencies is always about your own judgment; others can only provide advice.
Today, I am preparing a layout for the divine order that will begin tonight!!!
Comment 168: Get in!!!
