If there is no goal of making money, it can be believed that the vast majority of people will immediately become lost and weak, just like a swarm of bees that loses their queen and immediately scatters, causing chaos in human society. Because they cannot find the meaning of living. There is no direction.
The simpler things in the cryptocurrency world are often the more effective; all the sayings are the crystallization of wisdom. Buy sideways, buy dips, do not buy spikes; small consecutive rises are real rises, big consecutive rises require exit; a significant surge must retrace, do not dig deep pits and do not buy too much; a main rise accelerating must see a peak, sell quickly during sharp declines and sell slowly during gentle rises; a sharp decline with no volume is intimidation, a gentle decline with volume requires quick withdrawal; when the price breaks the life line, do not hesitate to make a swing; carefully watch daily and monthly lines, build positions with the main forces; when price rises without volume, the main forces are inducing buying, do not stand guard; a new low with reduced volume is a bottom signal, an increase in volume during recovery means to enter.
Technical category: A few familiar Web3 tech practitioners are quite surprising; they are all particularly focused, and it seems that they have very few recreational activities except for occasionally going out for a night snack or gathering for a meal. But they often talk about having bought a house in some place in Shenzhen, bought a Maybach for their family, or spent xx money on a server. Earning 10,000 a day to reach millions, trading contracts, major figures in the cryptocurrency world, age 18, cannot control it, now in debt of several million. Suicide, drinking pesticide. Mentally unstable.
20 golden phrases from the cryptocurrency world, each one is a gem, read carefully, worth collecting. 1. The big players accumulate chips in a bearish market gradually, while retail investors chase chips in a bullish market.
2. Those who cannot afford to lose are retail investors; those who will not lose are the big players.
3. Retail investors know pain but do not know fear; they would rather lose money than respect the market.
4. Bullish news does not necessarily mean buying up, bearish news often means buying down.
5. The duration of a bullish market is often nearly twice as long as a bearish market.
6. The personality of retail investors: the more they earn, the more timid and calm they become; the more they lose, the more they overthink.
7. There is no eternal belief; a belief that does not materialize has no practical value.
8. Fish heads and tails have little meat; understanding how to eat the body of the fish will make you fat.
9. The bustling cryptocurrency market should be feared, while a stagnant market should be greedy.
10. Making wrong trades will lead to mindless shorting in a bullish market and mindless longing in a bearish market.
11. A counterfeit dark horse can be encountered but not sought after; visible profits are the real profits.
12. Everyone starts talking about the bullish coin, not far from the waterfall.
13. The cryptocurrency world is a paradise for speculators, a playground for gamblers, and a 'meat grinder'.
14. Find trends in large cycles, find entry and exit points in small cycles.
15. The biggest bullish signal is washing out and cutting losses, while the biggest bearish signal is chasing bubbles.
16. In front of the mentality of luck, death is watching.
17. Unlimited rise still has extreme increases, unlimited drop still has extreme decreases.
18. In a bullish trend, only go long; in a bearish trend, only go short.
19. Market profits are either mindless long positions or mindless short positions.
20. Ignorance is the biggest enemy in trading. The circle is very important. In my opinion, 99% of group chats are about the same level as the old men in the park at the entrance of the village, focusing on idle chatter, occasionally sharing profit screenshots, which are actually of little significance. A quality circle can at least let you see the facts of the cryptocurrency world, what do you think?
Of course, you can play, isn’t it nice to reach new highs every day?
Experiencing anxiety in investing is inevitable, but if the investment is in virtual currency, this anxiety will be infinitely amplified, after all, the pace of the cryptocurrency world is faster than any investment circle.
Look at Elon Musk; whenever he makes a big move, he sends out a few tweets and some ambiguous messages, and the coins he supports soar.
Do you know how many times you blew up before cashing out? Do you know how many times your hair turned white from trading coins? Do you know the feeling of being unable to sleep with open positions? Do you know the regret of missing out? Do you know the entangled state after stopping losses? Do you know the greed that arises in floating profits? Do you know that even when the direction is right, a bad entry point and an unsuitable position can lead to liquidation? Do you know how many times you read the three books on candlestick charts, quantitative trading, and wave theory for trading coins? Do you know that trading contracts explodes your mentality? Do you know that for the sake of mental and physical health, I started reciting scriptures and meditating again? Do you know that trading is against human nature? Do you know that trading starts to get active at night? Do you know that trading coins means you also need to pay attention to US stocks, Federal Reserve, CPI, non-farm payrolls, and US indicators? Do you think trading coins will make you rich?
