In a bull market, there will still be people losing money. Mainly those who trade on short-term and swing trades, being harvested repeatedly by candlestick patterns and false news. Additionally, those playing contracts, with increasing leverage, ultimately face liquidation. These two types of people constitute the fuel for the rise, driving the frenzy of a roaring bull market.
Making money in the cryptocurrency world doesn't rely on large funds, it relies on understanding and execution. Wherever there is a wealth effect, put aside all prejudices and embrace the new wealth effect. Watching and hesitating will only lead to continuous missed opportunities.
During the bull market, there were opportunities to make money everywhere in the cryptocurrency circle. I entered the cryptocurrency circle in early 2020 with a capital of 400,000 RMB, which was almost all my wealth. I put all this money into virtual currency. At that time, I was learning all kinds of cryptocurrency knowledge every day and studying the operation strategies of people who made a lot of money. I didn't take the college entrance examination so seriously because I realized that the college entrance examination did not change me at all, but the cryptocurrency circle could completely change my future life. During this period, I experienced various surges, retracements, greed, and fear. I experienced 312 and 519, but I never gave up and always held on. Until the end of 2021, the bull market reached its peak and was on the verge of collapse. I finally cleared my position and doubled my capital by 30 times. Now, a new round of bull market is coming again, and the cycle is back to favor these ordinary young people. There are many opportunities in this circle. If you study carefully, make a good layout, and stick to it, you will have unexpected gains. This world is very divided, and the gap between people can be infinite. Some people are still earning a few thousand yuan a month in their fifties and sixties, and some people are worth more than 100 million in their twenties. Everyone can choose what kind of person they want to be and make corresponding efforts. Come on, friends in the cryptocurrency world!
What stage is the bull market currently in? BTC is about to break through 100,000 USD, altcoins are also starting to rise one after another. I believe that we are currently in the early stage of the bull market, it has not yet reached the most crazy time. When it is truly crazy, many coins will double in just a few days, market sentiment will be high, and everyone will only be looking at 10x, 20x, or even 100x coins. If you haven't made the right arrangements, you will fall behind the entire bull market!
The greatest value of blockchain is the transfer of wealth. Transfer the money of 80% of the people to 20% of the people. Transfer the money of those who play contracts to those who trade spot. Transfer the money of short-term traders to long-term traders. Transfer the money of those with low awareness to those with high awareness. Wealth is a form of energy, and it will only flow to where it is meant to go.
After a few months of turbulence, $BTC is set to rise far beyond 100,000 U, with the US cutting interest rates and massive liquidity injections; the script is already written, just waiting to come true.
Several important principles for trading altcoins: 1. You should not heavily invest in one or several altcoins; there should be scientific and reasonable position management, and allocations should be made across various core sectors to control risk through strategic layouts. 2. Altcoins should not be traded using contracts, as fluctuations of several dozen percent are normal. If leverage is too high and you get liquidated, any subsequent surge will no longer concern you.
A fan asked me on Zhihu: Is it still worth buying BTC now? I don't think it's necessary anymore; although BTC can still rise in the long term, the space for growth is limited. Most people's funds are only several tens of thousands, and buying BTC now won't yield much profit. The current opportunities lie in altcoins, so focus on altcoins.
At present, the operation in the cryptocurrency circle is basically to plan and wait for a surge. The bull market is still there, and a short-term decline is an opportunity to increase positions. There is no need to consider escaping the top for a long time. But I have a hunch that escaping the top in this round of bull market will be more difficult than before, for example, it may be a little hasty and the time may be advanced; or the top structure may be complex, with two or more tops.
The crypto bull market has just begun, and it's still not too late to get in. For ordinary people, the crypto world is the only place where one can achieve great success from small investments and where grassroots individuals can turn their fortunes around.
Cryptocurrency is the greatest invention of the 21st century. Compared to gold and the Dow Jones index, cryptocurrency excels in every aspect, becoming an accelerated retirement fund for many. Join in and let time do the rest, meanwhile, do your best to seize moments of volatility and growth. Many people do not understand cryptocurrency, but you have to participate because you understand one principle: cryptocurrency will change the wealth of your generation.
$DOGE Dogecoin has made a group of people rich again. It is currently 0.46 US dollars. I think there is no need to rush to sell it. The top will be at least one US dollar.
The price will move in the direction of the least market resistance, and the best strategy is to go with the flow, following the direction of the trend, and not to go against the trend.
Before Dogecoin was at a low of $DOGE , I encouraged everyone in the community to buy boldly when the price was around 0.1. In the past few days, it has approached 0.4, increasing by 4 times, and the market value has risen by several tens of billions of dollars within a month. It can continue to rise in the long term, so just hold on to your low-position purchases with confidence.