37-year-old Xiamen native settled in Shenzhen: 2000U ventured into the cryptocurrency world to eight figures, I earned enough confidence through a simple method
I am 37 years old, from Xiamen, and 7 years ago I entered the cryptocurrency world with over 2000U, now settled in Shenzhen.
Starting as a complete novice, I have come a long way, and now my account is already in eight figures. This year, relying on a method that looks simple but is actually the most effective, I earned over 1 million in 2 months.
Now I own a house in Shanghai and two villas in Zhejiang, I have freedom of time and feel very secure.
Looking back, I understand that true experts in the cryptocurrency world are not those who rush the fastest, but those who can remain steady and endure.
Over the years, I have summarized 7 practical experiences. Understanding one can save you hundreds of thousands, and grasping three can make you better than 90% of retail investors.
The core revolves around 'trading volume' and 'mindset':
Volume is the heartbeat of the market, understanding volume is the entry point;
When the price surges and then retracts, it is often the large players accumulating, a sudden increase in volume followed by a large bearish candle is a trap;
After a flash crash, don't try to catch the bottom; that's when the main force is offloading.
Also remember, low volume is more dangerous than high volume; sufficient volume during an uptrend is reliable, and quiet trading is the prelude to a crash;
Don't rush to buy when volume hits the bottom; true reversals require observing the continuity of consolidation;
Trading cryptocurrencies is essentially trading human emotions; volume reflects consensus, and price is emotion.
The most difficult state is the realm of 'nothingness':
Not greedy, not afraid, not in a hurry, I can hold cash and also dare to act decisively.
Winners in the cryptocurrency world are not those who react quickly, but those who can remain steady and wait.
Those who can survive in the market and still make a profit have always been the ones who dare to take the first step.
Are you ready? @bit福多多
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