Many people before entering the circle often think, 'Maybe I can turn a few thousand into a million.'
But when they really get in, they find that the cryptocurrency world is not about luck, but about methods and rhythm to survive.
The pitfalls I've encountered over the years are enough to fill a book, but the most valuable are the few iron rules I learned after crawling out of those pits. Today, I've condensed them into a set of the most practical strategies that can help you avoid the vast majority of traps.
First, let me say this: If you want to make big money, you must first understand what you are playing with.
Spot trading, contracts, new offerings, ecological opportunities—each track is different. Blindly following trends will only lead to being educated by the market thoroughly.
Most people's losses are not because they are going in the wrong direction, but because their methods are wrong.
Remember this core strategy is enough for you to use for a long time—
If the market crashes for nine consecutive days, on the tenth day, closing your eyes to buy usually means that the big players are washing the market to the limit;
If it rises for two consecutive days, you should take some profits, because profits are realized by selling; staying still will only lead to being counterattacked;
If a coin has been in a sideways market for six days without volume, on the seventh day it suddenly gains momentum, it usually indicates that the main force is preparing to ignite;
If you haven't earned back your transaction fee by the second day after buying, you should exit; holding on will only waste your time cost;
And there’s the 'three-five-seven' rule, where the third on the gain list often pushes into the top five, and the fifth will chase into the top seven, but most people fall at 'waiting to break even';
As well as a curse understood by all old players—if a coin rises for four consecutive days, a violent sell-off is often seen on the fifth day in the afternoon; that’s quantitative inertia—if you don’t run, just wait to be buried.
Sister Min also gives three pieces of seemingly useless advice mixed with truth:
Regular investments are more stable than most emotional trades.
Holding long-term is much stronger than chasing highs and cutting losses.
Never bet with money you can't afford to lose.
You might still be hesitating between spot trading and contracts, not knowing how to find your rhythm.
But as long as you internalize these methods into habits and understand the market's temperament,
Turning a few thousand into a million is normal; whether you can reach ten million depends on whether you can resist impulsiveness before making money and greediness after making money.
