Last week's family gathering, my cousin made the whole place go silent with one sentence.
He has been in the cryptocurrency space for five years, starting with $1800, and now his account has eight digits. Even more incredible is that he doesn’t touch contracts, doesn't gamble on news, and doesn’t play with low-quality coins; he steadily rolled up using a simple method.
Now he has three properties: one for himself, one for his parents, and one for rental income. The monthly cash flow is stable, and there’s no need to stare at the K-line anxiously. $BTC
I pestered him with questions for half a day, and finally, he revealed these six unwavering principles:
First, a rapid increase followed by a slow decrease is an opportunity. After a rapid rise, if it hesitates to pull back, it means the main players are accumulating; after a rapid drop, a weak rebound means it's time to run, as that indicates capital withdrawal.
Second, a high trading volume doesn’t necessarily mean a peak. A high volume at a high position could be just the beginning; it's dangerous when no one is talking at the mountain top—volume contraction at the peak is the signal to wrap up. $ETH
Third, the bottom needs multiple confirmations. A rebound after a crash is likely a “don’t leave, fellow townsman.” The real bottom is established when capital consistently invests real money.
Fourth, volume is the heartbeat of the market. The K-line is just the surface; trading volume is the most honest reflection of sentiment.
Fifth, the highest state is “nothing.” Not envious of others becoming rich, not afraid of volatility, and not attached to one's own judgments. Only those who can endure the loneliness of being in cash have the qualification to catch the main upward wave. $BNB
Sixth, slow is fast. In five years, she relied on these few principles to grow from $1800 to eight digits.
The market is like this: either watch others eat meat or sit at the table yourself.