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How long does it really take to make your first fortune in the crypto world?
Eight words: Don’t make small money, don’t lose big money. Everyone understands the principle, but few actually do it.
Let me tell you an example: I know someone who invested 50,000, and when it reached 53,000, he sold, making a 6% profit and was overjoyed.
But the market kept going up to 68,000, and he missed out on a 30% profit slipping through his fingers. $RIVER
He patted his thigh and said next time he’d hold on for sure. Later, the price dropped back to 50,000, even down to 47,000. He thought this time he’d definitely hold, but in the end, he couldn’t withstand the loss and sold.
See, how many people spend their whole lives bouncing back and forth between “fear of missing out” and “fear of retracement,” unable to break free?
How to break the cycle? Over the years, I’ve found that the key is to choose coins that have been beaten down and are slowly recovering. Don’t touch new coins or try to guess the bottom. Start with a 10% core position, and wait until the trend stabilizes before making moves.
It’s a bit slow, but it’s reassuring.
When the trend emerges, add another 20%-30% on a pullback.
I don’t buy at the lowest point; I wait until the trend is clear before entering.
A slightly higher cost doesn’t matter; it’s still better than being stuck in the middle of a mountain.
After a wave of growth, withdraw your principal and half of the profit, and let the rest run on its own.
Sell at the take-profit line, no matter how much it rises afterward. Money not in hand is just a number.
Last year, I helped a friend who had lost over 600,000 and couldn’t sleep at night. Using this strategy, he recovered his losses in half a year and even bought a Model 3.
On the day he picked up the car, he sent me a photo and said he used to think he’d never turn his life around.
The crypto world isn’t short of smart people; what’s lacking are the fools who can control their hands.