Recently a fan asked me a question: He said that he had been in the cryptocurrency circle for more than three years and two months, with a capital of 100,000 yuan. He had experienced a bear market and this bull market, but why was he still spinning in circles, not making any money, and even starting to lose money? His current position was only more than 80,000 yuan.
When I heard about the time he entered the circle, I already understood why he didn't make money or even lost money.
More than three years ago, it was the first year of the bull market, which was the beginning of 2021. In order to verify my idea, I asked him three questions.
1. When you first entered the circle, did you buy in small positions first and then increase them in the process of making money?
2. Do you basically only buy and rarely sell? Or do you constantly change or increase your positions based on market sentiment and news?
3. Last year and at the end of the year before last, I saw that the sentiment was very bad. Did you sell at a loss after the market plummeted, and then later when you saw the market continued to rise, you bought back in to chase the rise?
Not surprisingly, basically all three of these are true.
In fact, his situation is similar to that of many retail investors. Take this round as an example. There are three big bargain hunting opportunities in total. No matter which one, as long as you seize it, you can at least double your position. According to the increase in the price of Bitcoin, it should also reach 100%.
However, real bottom fishing tests everyone's emotions and ability to control positions. Few people can do it, and I am one of them who can do it.
In this circle, many people lose money, accounting for 80%, and these people have a common situation:
1. No concept of cycles.
2. There is no management of positions.
3. No control over emotions.
The above three points will cause people to chase the rise in the bull market and sell off the fall in the bear market. When the market rises, people will feel FOMO, and when the market falls, people will criticize. In the sponge bear market, people have played in advance. When entering this circle, you must first be prepared for a 50% retracement of the principal, so you cannot take out a loan or take key funds to gamble, because "important funds" determine how big the pattern is.
Secondly, you must look at the cycle accurately. It is best to plummet. After a period of decline, find the bottom of the box and arrange in batches to pull to a relatively bottom price, and then maintain a good mood and operate less. The most important thing is that the exit strategy is conservative, double half of the currency standard, and then every 50% increase, take out 10%, you can get the dividends of the entire bull market without being hurt.
When to buy is crucial. This is relatively simple, but it seems to be a bit difficult for most people, because they miss the opportunity and are not patient enough to wait. This is the reason why most people lose money in the bull market. When trading cryptocurrencies, most of the time should be spent waiting, waiting to buy, waiting to sell, and the operation time should not be even one percent.
Those who can do this will certainly be hurt in the pullback last month (it's human nature), but in the long run, they must have accumulated enough wealth. When you have no desire, you often get results without seeking, but you get what you want without seeking.
Do what you should do, stick to what you believe is right, strengthen your abilities, and for the rest, be strong without desire.
The end of May to June may be a good time to buy in batches and build positions!!!
1. According to historical experience, the market tends to experience large fluctuations about three months after the halving.
2. The US presidential election will be held on November 5 this year. In previous presidential elections, the cryptocurrency market has skyrocketed
3. The United States is expected to cut interest rates this year. Although it is not certain whether it will be in September or later, it is likely to be between September and November. The expectation of a rate cut itself will have a positive impact on the market.
4. June to July is the season for fan coins, and various sports events will also be held, which may lead to a wave of market growth.
5. The Federal Reserve's balance sheet has dropped from a peak of 2 trillion to around 486 billion at present. Based on previous data, it is speculated that the interest rate cuts came shortly after the Federal Reserve stopped shrinking its balance sheet.
Want to double your wealth in June? Then be sure to pay attention to the following key information!
From the Ethereum ETF hype to the Apple Developer Conference, to the European Cup and the Olympics, each one is a good opportunity to make money!
The Ethereum ETF hype on May 23 and the Prague upgrade that benefits SSV, OP, ETHFI, and ARB will all have a significant impact on the digital currency market.
On June 10, Apple’s developer conference will be held as scheduled, and GPT-5 is expected to be released in June, which will be beneficial to digital currencies such as RNDR and ARKM.
The European Cup in June and the Olympics in July and August will also bring benefits to the sports sector, especially SANTOS, the son of Binance, which is worth paying attention to. The ETC halving time is coming on June 16, which is also a good opportunity to make money. Generally speaking, more than a month before the halving, the market will start to hype related currencies.
June will be a month full of opportunities and challenges. If you want to double your wealth, you must pay close attention to these key information and seize investment opportunities.
If you also want to dig deep into the cryptocurrency circle and maximize your investment returns, but you can't recognize the market, then no matter how good the opportunity is, it has nothing to do with you. Follow me on the homepage, and I will share spot codes, bull market layout strategies, and 100-fold potential coins for free every day!
