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Details: ht
As a 38-year-old investor from Hunan, I have been rooted in Shanghai for many years. Through seven years of exploration in the Crypto Assets market, I have grown my initial capital of 100,000 to 10 million and successfully purchased three properties. This experience was not reliant on insider information or pure luck, but rather on adhering to a set of investment principles that many overlook. The following six pieces of advice, even if you only master one or two, can help you avoid many traps in this market. If you can adhere to more than three, you are likely to surpass the performance of most retail investors.
First, it is crucial to remain calm in the face of a slow decline after a rapid rise. This situation is often a result of large funds washing the market and should not be deterred by appearances. However, if a sharp decline occurs after a large volume of transactions, it is likely that retail investors are offloading their assets, and one should quickly withdraw at this point.
Secondly, we must remain vigilant about the slow recovery after a sharp decline. This often represents a seductive trap, and the so-called "buying opportunity" may be the beginning of a new round of harvesting.
Third, the change in trading volume at high levels is an important signal. If there is a large volume of trades accompanied by fluctuations near the top, there is still room for a rise; however, if the trading volume shrinks, it usually indicates that a significant drop is imminent.
Fourth, to determine the bottom, it is necessary to observe a sustained increase in trading volume. A single large bullish candlestick cannot confirm the bottom; a true bottom formation is often accompanied by a moderate but continuous increase in trading volume.
Fifth, trading volume is the barometer of market sentiment. Candlestick charts only show price patterns, while trading volume truly reflects market consensus. In the Crypto Assets market, it is essentially a game of market sentiment.
Finally, maintaining a mindset of "nothingness" is extremely important. This includes having no attachment, being able to patiently wait for opportunities; no greed, not blindly chasing after rises; no fear, daring to take action during market panic.
The opportunities in the Crypto Assets market are always present, but the real challenge lies in maintaining rationality and seeing the market trends clearly. Long-term success is not about how much profit you make in the short term, but about finding the right direction amidst the market fog.