Many people enter the cryptocurrency space with the dream of turning a few thousand into millions, but once they actually enter, they realize that this market relies not on luck, but on methods and timing.
Over the years, I have also encountered many pitfalls, but the most valuable experience comes from the lessons learned after climbing out of those pits. Today, I have distilled these experiences into several practical strategies to help you avoid common traps.
First, to make big money, you must understand what you are dealing with. Spot trading, contracts, new listings, ecosystem opportunities—each area has different ways to play, and blindly following trends will only lead to losses.
Most losses are not due to the wrong direction, but rather the wrong method. Remember the following points:
After a nine-day crash, a rebound on the tenth day is usually a market maker washing out positions, at which point you can consider entering appropriately;
After two consecutive days of surging, it's time to consider taking some profits; profits are realized by selling, and being too greedy can lead to getting hit back;
A coin that has been flat for six days without volume, when it suddenly surges on the seventh day, is often a sign that the main force is starting to position;
If you haven't made back your transaction fee by the second day after buying, leave the market; dragging it out will only waste your time cost;
The "3-5-7 Rule": The coin ranked 3rd in the increase often makes it into the top 5, and the 5th can potentially break into the top 7, but most people fall while "waiting to break even";
For a coin that has increased for four consecutive days, a violent sell-off is often seen on the afternoon of the fifth day; this is quantitative inertia, and unless you run early, you'll likely get buried.
Here are three more pieces of advice:
Regular investment is more stable than most emotional trading.
Holding long-term beats chasing highs and cutting losses.
Never use funds you can't afford to lose as bets.
If you're still struggling between spot trading and contracts, don't rush; learn these methods and understand the market's temperament. Turning a few thousand into millions isn't difficult. The key is: don't be impulsive before making money, and don't be greedy after making money.
