After five years in the cryptocurrency circle, the most common question I get is: “With only a few thousand as principal, can you really make a profit?” #币圈暴富
Honestly, many people don’t lose at the starting line; they die from being “too eager to double their money.”
When I first entered the market, my principal was only twelve thousand, driven by the thought that “diligence can make up for lack of talent,”
staying up late to analyze contract K-lines, chasing hot altcoins in the morning, trading seven to eight times a day, and calculating the total at the end of the month, only to find that half of my fees are lost.
This isn’t making money; it’s merely exchanging the number of trades for a loss.
What truly helped me stand firm wasn't betting on the right bull market but learning to “wait against human nature.”
The true trend opportunities in cryptocurrency come once or twice a year, while the rest is a period of choppy fluctuations, either testing and building positions or enduring until the cycle turns.
What left the deepest impression on me was last year, when the good news of an upgrade for a certain public chain was just starting to ferment, and the tokens I held were up nearly 30 points, while people around me were shouting, “Wait until it doubles before selling.”
But I was watching the changes in the buy orders and directly cleared my positions when the market opened 5 points higher the next day.
It’s not being cowardly; it’s understanding the iron rules of the cryptocurrency market: good news turning into bad news; when even community newbies are shouting “increase positions,” that’s the signal to cash out.
Later, my operations became increasingly “Zen”: clearing positions to avoid risks before holidays, reducing positions before the Federal Reserve raises interest rates, and going completely flat during sideways fluctuations, only entering small positions when the MACD shows a golden cross with increased volume.
Some laugh at my slow earnings, but the worst in the cryptocurrency market isn’t earning little; it’s being forced to liquidate when the market adjusts.
From ten thousand to a million, there are no secrets, just three points: dare to go flat, know how to wait for trends, and be able to execute discipline.
Don’t be stirred up by every bullish line, and don’t panic over every bearish line.
Treat account floating profits and losses as a dynamic string of numbers, execute the trading plan first, and then manage emotions.
This is the way to survive long-term in the cryptocurrency market. @bit冰
