After ten years in the crypto circle, the hardest time came when I sold my house and borrowed money to get by.
The ability to turn things around is not due to being amazing, but because I remembered these key points after being awakened by the market. $PIPPIN
A key signal: When the market crashes, some coins resist the decline unusually well. This is not luck; someone is buying in. Such coins should not be easily let go, as they often have opportunities ahead.
Operations must be simple. For short-term, look at daily and small cycles; if it breaks, withdraw without getting attached to the battle; for mid-term, only follow the trend; having too many indicators can interfere with judgment.
If a coin does not rise for three days in the short term, be cautious. If the unrealized loss exceeds 5%, it's time to cut losses; dragging it out often turns small losses into big ones. $BTC
Opportunities often arise in coins that have dropped significantly. After continuous declines from a high point, once market sentiment has been fully released, rebounds often start when no one is paying attention.
Only invest in leading coins. The one that rises the most and withstands drops the best. Don't be tempted to buy weak coins; the strong will always remain strong in the market.
Do not guess the bottom, and do not bottom fish. In a downward trend, there is no bottom. If the trend is wrong, even if it’s cheap, it’s a trap.
Be more cautious after making money. One success may be luck; only if you can replicate it continuously does it count as skill.
It’s not shameful to hold cash when there are no opportunities; losing money is what’s embarrassing.
New coins are driven by emotion; when the tide goes out, it’s a race to see who runs the fastest, so don’t get too deep into the drama.
The crypto circle is a game of consensus, but consensus can disperse. Your capital cannot withstand several turmoils. Stay alive first; opportunities will eventually come your way. @bit杰哥
