There is a very simple and often foolish method for making money in cryptocurrency:
Don't gamble on anything, just do what is certain.
Three things to never do:
1. Don't buy when prices are rising. Stay calm when others are excited, and act when others are fearful.
Chasing prices = waiting to be harvested.
2. Don't place large orders.
Placing large orders means waiting for others to lift you up; the reality is → they will never lift you.
3. Never go all-in.
Going all-in = no options. If the market turns, you will crash before the coins do.
Six short-term profit tips:
1. If there are highs in high consolidation, there are lows in low consolidation. Don't predict, wait for direction.
2. Don't trade in a sideways market. A sideways market is like a meat grinder.
3. Buy on big down days, sell on big up days. Emotion provides better points than technical analysis.
4. When there is a rapid drop, the rebound will also be rapid. A waterfall drop means a money-making opportunity.
5. Use pyramid strategy for adding positions. The more stable, the more you add; if it's unstable, don't add.
6. A long rise will inevitably lead to a sideways market, and a long drop will also lead to a sideways market. A sideways market is the last buffer before a trend change; exit when it breaks.
In summary:
Don't guess, don't gamble, don't go all-in; eat the most stable segment, and you'll earn faster than 90% of people.
If you want these to really become your money-making methods, follow Long Ge.
