Once you have an epiphany in cryptocurrency trading, your career will be like a cheat! In the cryptocurrency circle, true masters are not necessarily good at technology, but strictly follow the iron laws of the market:
1. There is no top when it rises, and there is no bottom when it falls. Many people do not believe that the price of Bitcoin can reach 150,000 US dollars, because the bull market has not yet arrived. Let's say 68,000 is the bottom, do you dare to believe it when it falls to 62,000? As a result, it dropped to 56,000.
2. Each transaction should be 1%. Why is it more difficult with smaller funds? Real masters build positions in batches of 1%. Think about how many trial and error opportunities they have! How low is the cost!
3. Those who are afraid of heights are miserable. You must know that the cost of the main force in a currency is very high, including publicity and distribution fees, chip fees, development fees, etc. This is not 20%-50%, but several times or even dozens of times.
4. The bull market is the only chance to turn over. Buffett has to admit his losses even if he catches up with the bear market, so Buffett can only stay in the US stock market and stay in Omaha!
5. The lagging nature of technical indicators. This means that technical indicators can only be used as a reference, not as the main basis for buying and selling. When the market is rising strongly, the technical indicators are also going well. In fact, they have already risen very high. Do you chase them? Take the MACD indicator as an example. There are many cases where the golden cross on the same day is followed by a dead cross on the next day.
6. Believe that you will eventually defeat the market. Which big boss is not full of confidence? Everyone has lost money, but has never been defeated! If you don’t even believe that you can make money, do you think you can make money?
Cryptocurrency speculation also requires enlightenment and talent!
