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A super simple cryptocurrency trading method.
A super simple cryptocurrency trading method.
In cryptocurrency trading, stability is key. Many people want to get rich overnight, but in reality, to achieve stable profits, one often has to rely on 'dumb methods'. These methods may not be dazzling, but they are extremely reliable and can help you secure profits while firmly controlling risks.
Today, we will share a 'dumb method' that guarantees steady profits. At the same time, there are three major taboos to avoid in cryptocurrency trading.
Three major taboos: Three things you must not do in cryptocurrency trading
1️⃣ Don't chase prices: Stay calm when prices rise, and enter the market when they fall.
In the market, most people have the habit of chasing up and selling down. When they see others making profits, they rush in. However, such 'herding' behavior is often the easiest to get trapped.
In cryptocurrency trading, stability is key. Many people want to get rich overnight, but in reality, to achieve stable profits, one often has to rely on 'dumb methods'. These methods may not be dazzling, but they are extremely reliable and can help you secure profits while firmly controlling risks.
Today, we will share a 'dumb method' that guarantees steady profits. At the same time, there are three major taboos to avoid in cryptocurrency trading.
Three major taboos: Three things you must not do in cryptocurrency trading
1️⃣ Don't chase prices: Stay calm when prices rise, and enter the market when they fall.
In the market, most people have the habit of chasing up and selling down. When they see others making profits, they rush in. However, such 'herding' behavior is often the easiest to get trapped.
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# Participate in the trading league and share a $10 million prize pool
Below are the six basic principles of complete position management:
1. Do not operate with a full position; always maintain a certain proportion of reserve funds: Operating with a full position carries great risk, as the market is unpredictable. If the market suddenly reverses and there are no reserve funds to average down or respond to other situations, one may easily fall into a passive position and suffer significant losses. Reserving funds can enhance the flexibility of investments and the ability to withstand risks.
2. Buy and sell in batches to reduce risks, lower costs, and amplify returns: By buying in batches as prices drop, i.e., gradually purchasing at a certain proportion, the average purchase price can be continuously lowered. Selling in batches as prices rise, i.e., gradually selling during an upward trend, can continuously lock in profits during the price increase phase, achieving better results than one-time transactions.
3. Adjust positions based on market strength: In a weak market, such as a bear market, where uncertainty and risk are high, it is advisable to hold a light position, preferably not exceeding 50%, to minimize potential losses. In a strong bull market, one can increase the position appropriately, but it is recommended to limit the maximum position to 80%, leaving 20% as short-term funds or reserves to deal with sudden adverse situations.
4. Adjust positions timely according to market changes: The market is dynamic, and positions should be adjusted in a timely manner based on market trends. When the market is favorable and shows a clear upward trend, one can increase the position to gain more returns; when signs of reversal or fatigue in the upward trend appear, one should promptly reduce positions to lock in profits or minimize losses.
5. During market downturns, maintain a short-term cash position and wait for opportunities: When the market is sluggish, trading is light and trends are not clear. Participating in the market at this time may face more uncertainties; maintaining a cash position can avoid unnecessary risks. Enter the market only when there are clear opportunity signals.
6. Determine positions based on individual risk tolerance: Everyone's risk tolerance is different, depending on personal financial circumstances, investment goals, income stability, and other factors. Investors with lower risk tolerance should maintain relatively low positions regardless of market conditions to ensure capital safety; while investors with higher risk tolerance and rich investment experience can appropriately increase positions within a reasonable range, but should not overlook risks.
Below are the six basic principles of complete position management:
1. Do not operate with a full position; always maintain a certain proportion of reserve funds: Operating with a full position carries great risk, as the market is unpredictable. If the market suddenly reverses and there are no reserve funds to average down or respond to other situations, one may easily fall into a passive position and suffer significant losses. Reserving funds can enhance the flexibility of investments and the ability to withstand risks.
2. Buy and sell in batches to reduce risks, lower costs, and amplify returns: By buying in batches as prices drop, i.e., gradually purchasing at a certain proportion, the average purchase price can be continuously lowered. Selling in batches as prices rise, i.e., gradually selling during an upward trend, can continuously lock in profits during the price increase phase, achieving better results than one-time transactions.
3. Adjust positions based on market strength: In a weak market, such as a bear market, where uncertainty and risk are high, it is advisable to hold a light position, preferably not exceeding 50%, to minimize potential losses. In a strong bull market, one can increase the position appropriately, but it is recommended to limit the maximum position to 80%, leaving 20% as short-term funds or reserves to deal with sudden adverse situations.
4. Adjust positions timely according to market changes: The market is dynamic, and positions should be adjusted in a timely manner based on market trends. When the market is favorable and shows a clear upward trend, one can increase the position to gain more returns; when signs of reversal or fatigue in the upward trend appear, one should promptly reduce positions to lock in profits or minimize losses.
5. During market downturns, maintain a short-term cash position and wait for opportunities: When the market is sluggish, trading is light and trends are not clear. Participating in the market at this time may face more uncertainties; maintaining a cash position can avoid unnecessary risks. Enter the market only when there are clear opportunity signals.
6. Determine positions based on individual risk tolerance: Everyone's risk tolerance is different, depending on personal financial circumstances, investment goals, income stability, and other factors. Investors with lower risk tolerance should maintain relatively low positions regardless of market conditions to ensure capital safety; while investors with higher risk tolerance and rich investment experience can appropriately increase positions within a reasonable range, but should not overlook risks.
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SAB 121 has been revoked!
This change could have more long-term and positive effects than ETFs.
➡️ What is SAB 121?
A regulation introduced by the U.S. Securities and Exchange Commission (SEC) in 2022.
Under this regulation, if banks hold digital assets on behalf of clients, they need to have collateral of equal value. That is to say, if a client deposits $100 worth of Bitcoin, the bank must also provide an additional $100 worth of collateral for storage.
This requirement made it nearly impossible for banks to offer cryptocurrency services.
What will happen now?
Two significant changes are coming:
1️⃣ Banks start offering cryptocurrency services
Leading U.S. banks (such as Bank of America, Wells Fargo, Citibank) can now provide digital asset services to clients.
Previously, individuals wanting to invest in cryptocurrency had to purchase exchange-traded funds (ETFs) through investment banks. Fidelity Investments and Charles Schwab had to open accounts. However, with the repeal of SAB 121, digital assets can now be traded through traditional banks as well.
What will change?
Not everyone has an investment account, but most people have a bank account. This convenience could have a greater impact on attracting new investors into the crypto market than ETFs.
2️⃣ A new era of credit
Banks are not limited to trading and storing crypto assets; they can also offer credit products based on digital assets.
Why is this important?
Many people are reluctant to sell their digital assets and prefer to use these assets as collateral to avoid (taxes generated from sales).
Overall assessment
It's a fact that new investors in ETFs have attracted the crypto ecosystem. But the repeal of SAB 121, combined with the convenience offered by traditional banks, may allow the digital asset market to attract a broader audience.
This change could have more long-term and positive effects than ETFs.
➡️ What is SAB 121?
A regulation introduced by the U.S. Securities and Exchange Commission (SEC) in 2022.
Under this regulation, if banks hold digital assets on behalf of clients, they need to have collateral of equal value. That is to say, if a client deposits $100 worth of Bitcoin, the bank must also provide an additional $100 worth of collateral for storage.
This requirement made it nearly impossible for banks to offer cryptocurrency services.
What will happen now?
Two significant changes are coming:
1️⃣ Banks start offering cryptocurrency services
Leading U.S. banks (such as Bank of America, Wells Fargo, Citibank) can now provide digital asset services to clients.
Previously, individuals wanting to invest in cryptocurrency had to purchase exchange-traded funds (ETFs) through investment banks. Fidelity Investments and Charles Schwab had to open accounts. However, with the repeal of SAB 121, digital assets can now be traded through traditional banks as well.
What will change?
Not everyone has an investment account, but most people have a bank account. This convenience could have a greater impact on attracting new investors into the crypto market than ETFs.
2️⃣ A new era of credit
Banks are not limited to trading and storing crypto assets; they can also offer credit products based on digital assets.
Why is this important?
Many people are reluctant to sell their digital assets and prefer to use these assets as collateral to avoid (taxes generated from sales).
Overall assessment
It's a fact that new investors in ETFs have attracted the crypto ecosystem. But the repeal of SAB 121, combined with the convenience offered by traditional banks, may allow the digital asset market to attract a broader audience.
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bn has sent a red envelope again! Brothers who haven't received the pork knuckle rice, go for it.
Save and scan to claim!!
Save and scan to claim!!
1
0 to get 100u airdrop, check the comments to see how many people participated
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Clear all long positions in the liquidation map to 1!!
$UXLINK Dog Zhuang is too good at playing, 3.8 to 1.9...
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Brothers, why can't I access this event? The mobile network doesn't work either?
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$REN Dog Zhuang has started performing!!!
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but it's a good chance for.sellers to sell it and gain profit like does.
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