jonstar

The first step for newcomers in the cryptocurrency world, today I will tell you. First, learn to read candlestick charts. Candlestick charts are fundamental; not understanding them is like a blind person trying to feel an elephant. Second, understand basic terminology. What is spot trading, what is a contract, what is leverage? Third, know what a private key is. A private key is your lifeline. Fourth, be able to use wallets. Common wallets like Metamask, Phantom, etc., should be used proficiently. Fifth, understand white papers. Before buying coins, read the white paper to understand the project. Sixth, know what Gas is. Gas is the transaction fee. Seventh, understand exchanges. Be proficient with Binance, OKX, Huobi, etc. Eighth, learn to set stop-loss orders. Stop-loss is a lifesaver. Ninth, manage your position size. Do not go all in. Tenth, remain cautious; slow is fast. #newbie #tutorial

Let's talk about my review method. First, record every trade. When to buy, what to buy, and how much. Second, analyze the reasons for profit and loss. Why did it profit, and why did it lose? Third, summarize the patterns. Identify your trading habits. Fourth, optimize strategies. Adjust strategies based on review results. Fifth, execute discipline. Follow the system without being emotional. Sixth, control emotions. Do not be proud of profits and do not be discouraged by losses. Seventh, maintain objectivity. Do not bring in subjective judgment. Eighth, continuously improve. Make small progress every day. Ninth, persist in recording. Recording is the best way to learn. Tenth, monthly summary. Conduct a major review once a month. Review is the ladder of progress. #Review #Experience

My investment philosophy, let me share it today. First, long-termism. What the crypto world needs is patience, not quick money. Second, value investment. Buy valuable coins, do not buy air. Third, diversified allocation. Do not put all your eggs in one basket. Fourth, primarily regular investment. Invest regularly each month to smooth out costs. Fifth, timing as a supplement. You can time the market appropriately, but you cannot rely completely on timing. Sixth, risk control first. Always prioritize controlling risks. Seventh, continuous learning. The industry changes quickly; if you don't learn, you'll be out. Eighth, independent thinking. Don't listen to others; make your own judgments. Ninth, unity of knowledge and action. Knowing is to do. Tenth, compound interest thinking. Time is the best friend of investors. #Philosophy #Experience

The most dangerous voices in the cryptocurrency world, exposed today. First, going all in. Those who tell you to go all in are either scammers or fools. Second, immediate pump. A pump does not require you to enter first. Third, what is said in the group. The group is full of retail investors, and the information is always delayed. Fourth, teacher-led trades. Those who really make money will not lead you. Fifth, insider information. Real insider information will not reach you. Sixth, guaranteed profit. There is no such thing as a guaranteed profit business in this world. Seventh, hundredfold coins. Hundredfold coins exist, but being able to buy them is luck. Eighth, immediate breakout. A breakout requires time. Ninth, hurry to buy the dip. There is only one bottom, and you cannot buy it. Tenth, the myth of getting rich quickly. The cryptocurrency world does not need a get-rich-quick mindset. Listening to these voices will surely lead to losses. #Danger #Warning

Let's talk about my understanding of NFTs. NFTs have been very popular recently, but I have some different views. An NFT is not an image, not a JPG. An NFT is a certificate of ownership, an application of blockchain technology. However, in the current market, 99% of NFTs have no real value and are just speculation. The floor price can drop 90% in an instant; this is not investing, it is gambling. Truly valuable NFTs are those with practical value: such as game items, membership certificates, identity identifiers, etc. My advice: only buy NFTs with practical value; do not touch the others. If you want to invest in NFTs, first ask yourself one question: what can this NFT bring me? If you can't answer that, then don't buy it. #NFT #views

Let me talk about how I spent the bear market. In the 2022 bear market, many people cut their losses and exited the market. What did I do? First, I continued dollar-cost averaging. The more it fell, the more I bought, lowering my costs. Second, I reduced trading frequency. Less operation in a bear market means fewer losses. Third, I learned new technologies. The bear market is the best time to learn. Fourth, I checked the fundamentals of my holdings. I looked at whether the coins I held had value. Fifth, I managed my positions well. I didn't go all in and kept enough bullets. Sixth, I didn't try to catch the bottom. No one knows where the bottom is. Seventh, I waited for signals. I entered the market only after a breakout. Eighth, I maintained a good mindset. Ninth, I worked seriously. The crypto circle is not everything. Tenth, I spent time with my family. In a bear market, spend more time with family. The bear market is an opportunity for accumulation. #BearMarket #Experience

The security knowledge you need to know in the cryptocurrency world, I will tell you everything today. First, never expose your private key to the internet. Never store your private key on your computer or mobile phone. Second, a hardware wallet is essential. Ledger, Trezor, buying one won't cost much. Third, enable 2FA. Google Authenticator is the most basic. Fourth, log in IP restrictions. If you can enable it, do so for an extra layer of protection. Fifth, do not click on random links. There are too many phishing links. Sixth, be cautious of phishing emails and phishing websites. Seventh, store cold wallets in a decentralized manner. Don't put all your eggs in one basket. Eighth, do not take screenshots to save your private key. Ninth, be wary of people impersonating customer service. Officials will not reach out to you proactively. Tenth, regularly check your account security. Security is the premise of profit. #Security #PrivateKey

Let's talk about why I left the futures market. After three years of trading futures, I finally decided to stop. The reason is simple: losing money. In three years of futures trading, there was a day when I made ten times my investment; that feeling was really great. But there were also nights when I lost everything; that feeling was worse than death. Statistics show: 8% win rate, nine out of ten trades were losses. Transaction fees cost me 30%, getting cut both ways. I broke down countless times; when I won, I wanted more, and when I lost, I wanted to recover my losses. The market makers can target you; you never know if you're the next one being targeted. Extreme market situations can lead to liquidation without even having time to react. Now I only trade spot, with an annualized return of around 20%; while it's not high, it's stable. The most important thing is: I can sleep at night. #futures #lesson

The core logic of my trading system, I will share it today. Trading systems do not need to be complex; the simpler, the better. The core of my system is as follows: First, trend is king. Only trade with the trend, not against it. Second, go with the trend. Buy when the trend is upward, sell when the trend is downward. Third, stop-loss is always correct. A stop-loss is right, and losses are meaningful. Fourth, position control. No single trade should exceed 10%, and total positions should not exceed 70%. Fifth, wait for certainty. Do not act without certainty. Sixth, do not make predictions. Predictions are meaningless; just follow the market. Seventh, simple repetition. Repeat your own strategy, do not switch back and forth. Eighth, mechanical execution. Operate according to system signals, without emotions. Ninth, review and summarize. Review daily, summarize weekly. Tenth, unity of knowledge and action. Knowing and doing are two different things. Trading is the realization of cognition. #Trading system #Experience

The most common mistakes in the cryptocurrency world, summarized today. First, chasing highs and selling lows. Seeing a rise and chasing it, seeing a drop and running away, is the root of losses. Second, going all in. Thinking that one big bet can turn a bicycle into a motorcycle, but often the bicycle is lost. Third, not cutting losses. Not willing to sell when in the red, leading to increasing losses. Fourth, listening to rumors. If someone in the group says it's going to rise, they buy, but often end up holding the bag. Fifth, frequent trading. The more trades, the more transaction fees, and the more losses. Sixth, getting high on leverage. Leverage is like a drug; once you're on it, it's hard to come down. Seventh, randomly buying junk coins. Seeing a hundredfold coin and buying it, only to see it go to zero. Eighth, not accepting defeat. After a loss, wanting to break even leads to more losses. Ninth, wanting to get rich quickly. The cryptocurrency world doesn't require a get-rich-quick mindset; what it needs is stable profits. Tenth, ignoring risks. Risk management is always the top priority. Every mistake corresponds to a loss. #Mistakes #Lessons

Let's talk about my insights on position management. Everyone's position management is different; what suits you best is the best. My strategy is: 50% of the base position remains unchanged, this is a faith position, buying more as it drops. 30% is used for trend trading, going with the trend. The remaining 20% is flexible, used to respond to unexpected situations. Having a base position is essential; this is my faith in BTC and ETH. The trend position is for breakthroughs; add to the position when breaking important resistance levels. The swing position is for selling high and buying low, but do not operate frequently. This strategy has allowed me to survive in the crypto world for five years, experiencing multiple bull and bear markets without failing. Position management is the way to survive. #PositionManagement #Experience

Let's talk about why I insist on regular investment. Since 2019, I have been investing in BTC every month, experiencing a 50% drop in 312 without selling, and also not selling during 519, and now the return rate is very high. The benefits of regular investment are numerous: First, there's no need to time the market. There's no need to judge where the bottom is; you can start at any time. Second, it smooths out costs. Buy less when the price is high and buy more when the price is low. Third, it overcomes human nature. There's no need to overcome fear and greed; just buy when it's time. Fourth, it forces savings. Investing regularly each month is equivalent to forced saving. Fifth, in the long run, it's bound to make a profit. As long as BTC doesn't keep dropping, I will keep buying. The hardest part in the crypto world is not choosing coins, but holding. Regular investment is the simplest strategy and also the most effective strategy. #RegularInvestment #BTC

The self-cultivation of an old player, sharing today. First, do not argue about opinions in the crypto world. Everyone has different perceptions, and arguing is meaningless. Second, do not show your positions. Keep your wealth private and act low-key. Third, do not recommend coins to others. If the recommendation is right, you may not be thanked; if wrong, you will be criticized. Fourth, do not backtrack or operate without reviewing. Review your trades daily and summarize your experiences and lessons. Fifth, learn new technologies. The blockchain is evolving rapidly; if you don't learn, you'll be out. Sixth, wait for opportunities. If the opportunity hasn't come, be patient; patience is a virtue. Seventh, control your positions. Do not go all in and do not use leverage. Eighth, set stop-losses. Ninth, stay low-key. Make money quietly. Tenth, believe in time. Time is a friend, and the power of compound interest is amazing. In the crypto world, being low-key is essential for longevity. #Cultivation #Experience

Let's talk about the pitfalls I've encountered in DeFi and NFTs. DeFi liquidity mining sounds great, with annual returns of 100%, and some even at 1000%. But what’s the reality? The principal could go to zero. I've seen too many 'soil pools' where running away takes just one day. TVL suddenly drops to zero, liquidity disappears instantly, and you don't even have time to react. Another point that many people overlook: impermanent loss. When the pool's price fluctuates, your coins may decrease in value. NFT minting is also filled with pitfalls. The floor price can drop by 90% in an instant; how much can a PNG image really be worth? Most NFTs have no actual value, just speculation. My advice: if you don't understand, don't touch it; and if you do, only use money you can afford to lose. Newbies should stay away from these high-risk areas. #DeFi #NFT #pitfalls

Guide to Survival in the Crypto World, today I will share my ten experiences. First, always keep some bullets. Don't go all in, don't gamble everything, leave some funds as a reserve. Second, don't chase the highs. Chasing highs can easily get you trapped. Third, buy on dips. When others are fearful, I am greedy. Fourth, set a stop-loss line. Cut your losses when it hits, don't hesitate. Fifth, don't listen to recommendations from group friends. The news in the group is mostly a trap. Sixth, think independently. Your own judgment is the most important. Seventh, protect your private key. Save it offline, use a hardware wallet. Eighth, focus on long-term value. Don't care about short-term fluctuations. Ninth, don't operate frequently. The more you operate, the more you lose. Tenth, keep learning. The crypto world changes quickly; if you don't learn, you'll be eliminated. Surviving in this market is a hundred times more important than making quick money. #Survival #Experience

Let me talk about why I no longer trade contracts. After three years of trading contracts, I ultimately realized it boils down to one word: loss. I once multiplied my investment by ten in a single day, but I also lost everything overnight. When I tallied it up: the win rate is below 10%, and long-term it’s bound to lose. The transaction fees are too high, and I keep getting cut both ways. I can't handle the mentality; when I win, I want more, and when I lose, I want to recover my losses. The big players harvest the retail investors, and it’s hard to guard against. Now I only trade spot, investing in BTC and ETH regularly each year. Although I don't make much, at least I can sleep well. I advise everyone to stay away from contracts and cherish the lives of ordinary people. Contracts are not something you can play around with. Isn’t holding spot more appealing? Why must one play contracts? #Contracts #StopLoss #Spot

Let's talk about some insights and lessons from my cryptocurrency trading career. From entering the market in 2019 to now, I have experienced three cycles of bull and bear markets. The DeFi summer of 2019, the crash on March 12, 2020, the wealth boom of the bull market in 2021, the zeroing out in the bear market of 2022, and a slow recovery in 2023. I have seen too many people go from wealthy to bankrupt, and I have also seen some go from being deeply in debt to financial freedom. I have summarized a few insights: First, opportunities always exist, don't worry about missing out. There are always chances in the crypto world; if you miss one, there will be another. Second, don't think about getting rich overnight; the odds are lower than winning the lottery. Third, spot trading is the way to go; contracts are like a casino. Nine out of ten lose. Fourth, diversify your investments; don't put all your eggs in one basket. Fifth, DYOR, Do Your Own Research. Sixth, set profit and loss points; don't be greedy. Seventh, continue learning and keep up with the pace of industry development. Eighth, pay attention to safety; asset security is more important than profits. Ninth, invest with spare money; don't affect your living. Tenth, maintain a good mindset; fluctuations are normal. The most important thing is: the crypto world is a long-term game; surviving is more important than anything else. #CryptoTrading #Experience #Lessons

As an experienced investor, here are ten pieces of advice for beginners. First, do not listen to any rumors. Real information that can make money will not be given away for free. Those who create groups to trade coins, nine out of ten are scammers. The truly successful investors quietly accumulate wealth and do not boast about it. Second, learn to read white papers. Whether it's an ICO or IEO, the white paper is fundamental. Look at the technical team, token economics, and inflation models. If you understand it, buy it; if you don't understand it, don't touch it. Third, money management is key. Do not go all in, do not use leverage, do not borrow. Invest with spare money; this is a hard rule. The cryptocurrency market is not a casino, it is an investment market. Fourth, be patient. Good investments are boring. Chasing trends and changing positions every day will likely lead to underperforming compared to holding still. Fifth, keep learning. Blockchain technology is evolving, and business models are innovating. If you don't learn, you will be eliminated. Sixth, record every transaction. Reviewing trades is a stepping stone to improvement. Why did you buy? Why did you sell? What were the reasons for profits and losses? Write it down. Seventh, protect your account security. 2FA must be enabled, and login IP restrictions must be set. There are too many cases of asset theft. Eighth, do not borrow money to invest. Use spare money, money that you can afford to lose without affecting your life. Ninth, understand cycles. Learn more during bull markets, accumulate during bear markets. Do not blindly expand during a bull market, and do not lose hope during a bear market. Tenth, maintain a calm mindset. The cryptocurrency market is a highly volatile market; just have a relaxed attitude, as those who bet too much tend to lose everything. #beginner #advice #experience

In-depth analysis of the core logic and operational strategies of this bull market. Many people think that a bull market is all about buying, but that’s because they haven’t experienced a bear market. The bull markets of 2017 and 2021 validated a rule: the more violently it rises, the more painfully it falls. The biggest difference between institutions and retail investors is the scale of funds and holding cycles. Retail investors like to chase highs and sell on lows, while institutions prefer to buy on dips. After the introduction of ETFs, institutional funds have continued to flow in, which is the biggest increment this time, and also the biggest difference from previous bull markets. I judge that the bull market is not over yet, for the following reasons: First, institutions have just begun to layout ETFs, and funds are still continuously entering. Second, the altcoin season has not arrived yet, and the DeFi and NFT ecosystems of ETH still have opportunities. Third, retail investors are still afraid of heights and dare not enter the market. Operational suggestions: First, continue to hold BTC spot; do not exit lightly. Second, a pullback is an opportunity to increase positions; buy more as prices drop. Third, allocate some to altcoins, but do not go heavy. Fourth, always be prepared with an emergency plan; reduce positions if it breaks important support levels. Fifth, do not use leverage, do not engage in contracts; spot trading is the king. Sixth, maintain liquidity in positions; do not be fully invested. Lastly, one more thing: A bull market does not signal a top, and a bear market does not signal a bottom. Respect the market, fear the risks. #BTC #ETH #OperationalStrategies