The dumbest way to make money in cryptocurrency: Three don'ts and six must-kills, even the big players fear you learning!
The secrets to getting rich in the crypto world are often hidden in the dumbest methods.
Today, I'm sharing a 'foolproof' way to make money with my brothers—so absurdly dumb, yet it can make your account balance shoot up like a rocket!
Three major taboos: break one, and you'll be poor for three years!
First taboo: chasing highs and selling lows
90% of novice investors lose money because they see the coin price skyrocketing and go all in, shouting 'this time it's different.'
What happens? Buying at the peak and selling at the bottom.
Remember: the best time to enter is when blood is flowing in the streets!
Second taboo: going all in on a single coin
Putting all your wealth on one coin is no different from being a gambler.
Experts always keep 30% cash on hand; only then can they buy the dip during a crash and enjoy the pleasure of 'being greedy when others are fearful!'
Third taboo: going all in
Opportunities are always more abundant than money.
Those who go all in are like hunters with their hands and feet tied, watching a fat sheep walk by but unable to move.
Position management is the bottom card for survival!
Six must-kill mantras, every move is lethal!
Consolidation must lead to a breakout.
High-level consolidation = big players lying in wait, 80% of the time it's a false breakout;
Low-level consolidation = beware of sudden crashes!
When the direction is unclear, your hands are worth more than gold!
Consolidation = liquidation trap
80% of liquidations happen during consolidation.
Those who can't help but place random orders, the grass on your grave is already three meters high.
Buy on bearish candles, sell on bullish candles.
Scared of big bearish candles? Don’t be, that's a money-giving opportunity.
While others are cutting losses, you buy low; when others are excited, you cash in!
Principle of accelerated crashes
The slower it falls, the weaker the rebound; the harder it falls, the stronger the rebound!
Next time you see a waterfall-style crash, get ready to catch money with a bag!
Pyramid building method for positions
In the bottom zone, increase your position by 10% for every 10% drop, gradually lowering your cost.
This way of building positions will give the big players a headache!
Rules for clearing positions during a breakout
Soaring and consolidating? Immediately withdraw your principal and let your profits fly!
Crashing and consolidating? Don’t hesitate, cut faster than Bruce Lee's punches!
Final words
Making money in cryptocurrency has never relied on being smart, but rather on 'dumb methods' + 'iron discipline.'
Learn the three don'ts and six must-kills, and you will no longer be a novice but a hunter who can face the big players head-on!