If you want to make a lot of money in the cryptocurrency circle, the key is how to choose the right time to enter the market.
My own secret to making money is here: if a currency wants to make a real profit, it must be bought at a low price, especially when the market is cold and the currency price plummets, when retail investors cut their losses, this is the best time to take action.
Nowadays, many currencies have experienced a high-rise correction, especially high-quality head assets such as Pepe, WIF and Neiro, which have all pulled back by 30%.
For example, Pepe fell to 0.19, Neiro fell to 0.0019, and WIF fell to 3.4.
So is it the lowest point now? No one can give a definite answer, especially for some currencies with extremely random trends, such as Tugoucoin, which are difficult to predict.
But I know one thing - retail investors who chase high prices will eventually face losses and cut their losses, and what we have to do is to pick up the bloody chips when they lose money.
Even if you are unfortunately trapped, it is only temporary.
Don't always think that you can perfectly bottom-fish, be more rational and realistic.
Just like WIF, if you missed the bottom of $1.3, it doesn’t matter. Even if you enter the market at $2, you may be trapped in the short term, but you can still make a profit now.
From the current situation, it is clear that the bull market has just begun, and there are still some important events to come, such as FTX’s repayment and Trump’s inauguration on January 20, which may become catalysts for the cryptocurrency market.
Therefore, this period of adjustment is the best time for you to cover your position. Friends who have already entered the market should hold their coins patiently and wait for the next wave of market conditions!
