Every investor who enters the cryptocurrency world dreams of making a profit. However, the reality is often not as good as expected. I found that many people use unwise methods to pursue profits. I can foresee that at least 80% of investors may face losses in the upcoming bull market.
Some people blindly invest in a token just because they heard the name of a token. They buy it when the token price reaches its peak, then find themselves in a loss situation, and then ask around "What should I do with my investment?
So, how can you make a steady profit in the cryptocurrency circle? Today, I will share my suggestions with you.
Step 1: Uncover potential tokens that have not been discovered by the public
There are many excellent tokens that are not yet known to the public in mainstream exchanges such as Binance. These tokens may have great potential and are worth exploring.
Step 2: Calmly analyze the trend of tokens
For the selected tokens, we need to carefully check its historical trend chart. If the token has experienced a sharp rise recently (such as +300%), then we need to carefully consider whether to continue investing. On the contrary, if the token trend is stable or has not yet started, then it may be an investment target worth paying attention to.
Step 3: Reasonably allocate investment Investment ratio
When deciding to invest in a token, we need to reasonably allocate the investment ratio. Generally speaking, it is recommended to control the investment amount within 10% of the total investment portfolio to reduce risks.
Step 4: Set a reasonable selling point
When the token price rises to the selling point we set (such as a 200% increase), we should decisively issue a sell order. For example, if you buy a token at $1, you can consider selling it when the price rises to $3.
However, to achieve these steps, the most important thing is to be patient. In the investment process, we need to learn to wait. Wait for the potential of the token to be discovered by the market and wait for the price to reach our expectations. This seems simple, but it requires great patience and determination in actual operation.
Next month, there will be cheap and bloody chips everywhere. You can prepare bullets in advance, maintain good position management, do not fill the warehouse, and buy the bottom in batches. If you don’t know which coins you will buy dozens of times at that time, you can talk about it.View my profile