If you've made a lot of money in crypto, absolutely avoid these businesses!
What Newcomers Need to Know 1: Maternal and Infant Store The three-child policy is not really aimed at attracting new customers, nor is it meant to stimulate today's post-90s and post-00s, but rather to encourage repeat purchases from the post-80s generation. 2: Coffee Shop The coffee industry is now very mature, having formed a strong brand chain, like the current 某幸 9.9 can attract a lot of people. 3: Clothing and Accessories Store Industries like this are already quite competitive, especially after the rise of live-streaming sales post-mask era, where consumers have become accustomed to online shopping habits. 4: Foot Massage Shop 5: Milk Tea Shop Earn money and travel the world, relax, and don’t force yourself to suffer.
How to survive in the crypto world after 10 years of professional trading?
To quickly escape being a retail investor in the crypto world and become a successful trader, you need to accomplish the following 7 points: 1. First, adjust your mindset. Treat trading as a game, and it doesn't matter whether you win or lose. Only in this way can you trade easily in the crypto market. 2. Use spare money for trading. The funds for trading should be spare money that won't affect your life if lost. Only by trading with spare money can you truly be in a position to take risks and let go. 3. Use your time wisely to learn. If you want to trade well, quickly understand practical technical indicators and strategies, engage in more practice, and summarize your experiences. 4. Be cautious in your first trade. Retail investors typically have limited funds, so effectiveness is crucial. Especially for the first trade, prepare carefully and aim for a successful debut. Before operating, make good use of simulation systems to practice, and only enter the market after gaining some experience. Otherwise, you risk losing your investment right away, which can severely impact your confidence.
Calm analysis, wise escape In the turbulent battlefield of the cryptocurrency world, being trapped is a test that every investor may encounter. 1. Decisively stop loss and control losses Stop loss is the first line of defense for investment. Once the market is unfavorable and there is no sign of reversal in the short term, stop loss should be set and executed immediately to avoid further losses. Reasonable setting of stop loss point is the key to self-protection.
2. Flexible operation and cost reduction Experienced investors can try the strategy of selling high and buying low to reduce the cost of holding positions by taking advantage of price fluctuations. However, they need to operate with caution and accurately grasp the pulse of the market to avoid counterproductive results.
Remember to master these requirements for cryptocurrency trading!
Have you noticed? Many people say that short-term trading is speculation. First of all, I want to say that short-term trading is not speculation. True short-term trading is an investment behavior that requires mastering certain market operation rules and strong skills. Short-term trading really tests a person's skills and patience. 1. Develop a clear investment plan. If you want to make short-term investments in cryptocurrency, you must first formulate a clear investment plan for yourself, deciding how much capital to use and what monthly returns to expect. These all need to be planned according to your risk tolerance.
In the crypto world, there are some lesser-known tips or tricks that are often ignored, but they are very important. Today I will share a few: 1. Cost dilution is not as simple as imagined For example, if you invest 10,000 U when the price of a coin is 10 U, and then add another 10,000 U when the price drops to 5 U, your average cost is actually 6.67 U, not the 7.5 U that many people think. This situation is very common in market fluctuations, and understanding this cost calculation method helps in managing positions.
2. The power of compound interest is astonishing Assuming you have 100,000 U and earn 1% every day before exiting. If you can maintain 250 trading days in a year, then after a year your assets will grow to 1,323,200 U. Continuing for two years, your assets could even reach tens of millions. Of course, this result is based on a stable return rate, but the hidden challenge is how to continuously maintain this compound interest.
Cryptocurrency trading is not as simple as you might think; it's not just about buying low and selling high. A qualified investor needs to have economic knowledge, keep up with news trends, understand national policies, be aware of international situations, and deeply research the fundamentals and technical aspects of virtual currencies. Moreover, one must constantly battle their fears and greed, possessing a strong psychological resilience to withstand significant market fluctuations. It can be said that those who survive in the cryptocurrency market are almost all resilient, resisting temptation, and have undergone trials.
The top ten points for guaranteed profits in cryptocurrency trading!!
1. Keep a close watch on Bitcoin trends In the crypto world, Bitcoin often leads the rise and fall. While Ethereum can sometimes perform strongly and create independent market trends, most altcoins are influenced by it. 2. Pay attention to the relationship between Bitcoin and USDT Bitcoin and USDT often move in opposite directions; when USDT rises, be cautious of Bitcoin falling, and when Bitcoin rises, it’s an opportunity to buy USDT. 3. Seize trading opportunities in the early morning From midnight to 1 AM, the phenomenon of price spikes is common. Domestic coin enthusiasts can place low buy orders for their desired coins before sleep and high sell orders, which may result in pleasant surprises and easy profits. 4. Observe the morning rise and fall trends