In the cryptocurrency space for nearly ten years, the first half was not smooth. $PIPPIN
Liquidation and deep drawdowns, I tripped over every pit I should have avoided. Later, I truly began to earn stable profits, not through some brilliant operations, but by learning to make fewer mistakes and follow the market.
I gradually discovered that the effective signals given by the market are actually quite intuitive.
When the market clearly weakens, and some coins do not drop much, it often indicates that there is capital supporting them; these types of assets are worth focusing on. Trading itself doesn’t need to be complicated; if you can’t make short-term moves, switch; if you make a wrong judgment, cut your losses in time, and opportunities will always come again.
Bottom fishing is the place where newcomers are most likely to stumble.
In a downtrend, there is no real 'bottom'; what is truly safe is always to follow the trend and those leading assets that have already emerged. Whether the price is high or low is not important; the key is whether you have stood at the right time.
After making money, it is even more important to remain clear-headed.
One profit does not indicate a problem; whether it can be continuously replicated is the key. If you are not sure, stay in cash; being in cash is not a problem, but random losses are.
Ultimately, what matters in the cryptocurrency space is consensus and trends.
Do not rush, do not gamble, do not stubbornly hold on,
Time will naturally push those who can persist to the front slowly.