How to Survive in the Crypto World

To quickly escape being a 'retail investor' and become a 'whale' in the crypto market, you need to do the following 7 points:

1. First, adjust your mindset. Treat trading cryptocurrencies as a game, regardless of wins or losses, it doesn't matter. Only by doing this can you trade cryptocurrencies easily in the market.

2. Use spare money for trading. The funds for trading cryptocurrencies must be spare money that won't impact your daily life; only by using spare money can you be in a position to take risks and let go.

3. Make the most of your time to learn. If you want to trade cryptocurrencies well, quickly understand practical technical indicators and strategies, practice more, and summarize often.

4. Be cautious with your first trade. The funds of retail investors are already limited, so effectiveness is crucial. Especially for the first trade, careful preparation is necessary to strive for a successful start. Before operating, make use of simulation systems for practice; only after gaining some experience should you enter the market. Otherwise, if you enter the market without preparation, your funds could be locked or cut, which can be a significant blow to your confidence.

5. Protect your principal; trading with the money you earn will make you feel more relaxed and will allow you to operate more freely.

6. Summarize your own methods. To transform from a retail investor to a whale, you must avoid chasing trends and having an all-in mentality. Always remember that as long as you don’t chase highs, you can transform from a retail investor to a whale. Be good at learning, and through practical trading, summarize a set of trading skills that suit you; this is fundamental to becoming a whale.

7. Only trade strong leading coins; concentrate your funds. When trading cryptocurrencies, you should focus on leading coins. Dispersing funds not only increases transaction costs but also causes you to lose focus, making it difficult to accurately analyze and grasp the market characteristics of each coin. #比特币走势观察 #AIAgent热潮 #SUI创新高 #加密市场反弹 #比特币哈希率创新高 $SOL $BNB $XRP