Meet an old expert in the cryptocurrency circle, turning 100,000 in capital into a market value of 42 million,
He said something that enlightened me: “The cryptocurrency market is full of a crowd chasing rises and falls; keeping your emotions in check, this market will be your ATM.”
Having been in the cryptocurrency space for these years, I have also figured out a foolproof method to make money, which boils down to three points: don’t earn small money, don’t lose big money, and only follow trends.
This sounds simple, but it’s very difficult to put into practice. Many people open a position at 80,000, feel great when it rises to 84,000 and take profits, earning 5% but missing out on a subsequent 50% increase; $BTC
Next time they try to be smart and want to make big money, they hold their position when it rises from 80,000 to 84,000, but the market falls back below 80,000, resulting in a stop-loss and a loss instead.
Many people spend their whole lives caught in this dilemma, unable to find a way out.
My approach is simple but solid:
Only focus on mainstream coins that drop deep and then slowly stabilize, and I don’t touch new coins no matter how flashy they are.
I don’t guess where the bottom is; I wait for it to clearly stabilize, first throwing in 10% of my position as a bottom position, never impulsively trying to catch the bottom.
When the trend is confirmed to go up, I add another 20%-30% position during the pullback.
Others always think of buying at the lowest point, but I do not — I add to my position only when the trend is stable, even if the cost is a bit higher, it is better than being stuck halfway up the mountain.
The key is to take profits:
Every time there’s a price increase, first take out the principal and half of the profits to secure them, letting the remaining position be tossed around by the market.
No matter how crazy the market is, I sell when I hit my preset target, never being greedy. Money in hand is real profit.
Last year, I helped a brother who lost over 600,000 using this method; within six months, he not only broke even but earned enough for a Mercedes Benz e-class.
The cryptocurrency space is never short of smart people; what it lacks are the 'foolish' people who can control their hands and endure.
When everyone is chasing rises and falls, if you methodically follow the trend, you can actually pick up the money others drop.
Either continue losing with the 'smart moves' or follow my foolish method — steady approach, no greed, every penny earned is solid. @juice13
