Egyptian_trader
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Bullish
Do you need leverage to make big profits in crypto?
The answer is a BIG NO!
All altcoins are leverage on Bitcoin and Ethereum, and they were designed for that. Simply altcoins are designed to multiply the profits you can get if you buy Bitcoin or Ethereum. For example, in 2022, Bitcoin collapsed to $16,000 and Solana to $9.
Today, Bitcoin is $100,000, while Solana is $245. Bitcoin has made 6x, while Solana has made 27x during the same period, is that clear? Solana was a leverage on Bitcoin as all altcoins! So, why burn your money with high leverage when the market itself gives you better opportunities with less risk.
This is my principle always: reduce risk! After reducing risk, the inevitable result is PROFIT.
What you need to do to win in this market without stopping is to adhere to the following:
1- Always trade spot and completely leave the leverage. The most profitable person from Bitcoin in history is Satoshi and he never used leverage on Bitcoin!
2- Never look at small frames like 1 minute or 15 minutes because they mean nothing at all.
3- Always look at the big chart, don't buy a coin that made 500% in a month or 3 months, but buy a coin that spent 3 months in sideways trading near the bottom!
4- Try to seize the easy opportunities that the surrender candles and fast liquidation candles offer you, I think this method is sure to make a fortune here.
5- Don't love or hate a coin! Focus only on your portfolio and always look for profit.
6- Don't follow analysts but follow traders and distinguished lead traders (ahem, like me!).
The answer is a BIG NO!
All altcoins are leverage on Bitcoin and Ethereum, and they were designed for that. Simply altcoins are designed to multiply the profits you can get if you buy Bitcoin or Ethereum. For example, in 2022, Bitcoin collapsed to $16,000 and Solana to $9.
Today, Bitcoin is $100,000, while Solana is $245. Bitcoin has made 6x, while Solana has made 27x during the same period, is that clear? Solana was a leverage on Bitcoin as all altcoins! So, why burn your money with high leverage when the market itself gives you better opportunities with less risk.
This is my principle always: reduce risk! After reducing risk, the inevitable result is PROFIT.
What you need to do to win in this market without stopping is to adhere to the following:
1- Always trade spot and completely leave the leverage. The most profitable person from Bitcoin in history is Satoshi and he never used leverage on Bitcoin!
2- Never look at small frames like 1 minute or 15 minutes because they mean nothing at all.
3- Always look at the big chart, don't buy a coin that made 500% in a month or 3 months, but buy a coin that spent 3 months in sideways trading near the bottom!
4- Try to seize the easy opportunities that the surrender candles and fast liquidation candles offer you, I think this method is sure to make a fortune here.
5- Don't love or hate a coin! Focus only on your portfolio and always look for profit.
6- Don't follow analysts but follow traders and distinguished lead traders (ahem, like me!).
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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