In my first year in the crypto world, I also did some foolish things – chasing after contracts and hunting for alts, losing 8000 dollars in six months. During that time, I stayed up late watching the market data, my heart almost jumping out of my chest, only to finally understand one principle: the most brutal thing in the crypto world isn't the price plummet, but the fact that you're desperately pushing in the wrong direction, resulting in working harder and falling deeper into the pit. I saw a bunch of people around me studying candlestick charts and brushing up on news every day, yet in the end, they still lost money, and the root cause was simply choosing the wrong track. On the contrary, those who chose the right direction could gradually build their account, even with limited funds. Today, I'm going to share what I've learned over the years to save newbies from taking the wrong path.
**First Method: Spot Trading - The Dumbest Method Often Makes the Most Money**
The gameplay is actually not mysterious; to put it simply, it’s "buy when it plummets and sell when it rises", focusing on mainstream coins (Bitcoin, Ethereum, Solana), and don’t mess around with small coins. Last year, I used a dollar-cost averaging strategy to invest in Bitcoin and Ethereum, and the final returns were actually 30% higher than those who trade alts every day. And the best part is — I don’t have to get up in the middle of the night to monitor the market data.
This method is especially suitable for newcomers and working people who do not have the time to constantly pay attention. I have witnessed a fact: Ethereum rose from $1500 to $4500 in 2024, and those who diligently held onto their coins without frequent trading made more money and with more stability than those who played contracts every day. Being able to hold onto spot assets in a bull market is already a win in itself.
**Second method: Coin accumulation strategy - using time to exchange for profits**
The core logic is very simple: accumulate at the bottom of a bear market and take profits in phases during a bull market. For example, when Bitcoin drops below 30,000 USD, buy in several batches, and then consider selling when it rises above 100,000.
This move tests patience the most; only those who truly believe in the cycle and do not dream of getting rich overnight can play well. There's a living example – the owner of MicroStrategy heavily bought in when Bitcoin dropped to around 16,000 USD in 2023, and later the coin price rose to 42,000 USD, more than doubling his assets. Although this way of earning is slow, it is quite stable.
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VitaliksTwin
· 12h ago
To be honest, the story about the 8000 dollars struck a chord with me. I have also experienced that feeling of despair while holding my phone late at night. Now I understand, the more you want to double your money quickly, the easier it is to lose it.
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MerkleTreeHugger
· 12-22 16:01
You're absolutely right, I'm the one who keeps staring at the Candlestick charts and ends up losing everything. Now I've finally realized that it's much better to honestly buy Bitcoin and Ethereum than to get liquidated on contracts.
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gas_fee_therapist
· 12-22 15:57
Oh dear, it's the same old story again... I want to ask, is there really anyone who can hold firm in a Bear Market?
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That's quite right, but most people simply can't do it, including myself sometimes.
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Hoarding coins... it's easy to say, but the key is to be alive when the coins are still around.
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Auto-Invest in Spot is indeed stable, but why don't you mention those who auto-invest and end up getting liquidated?
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So the problem isn't the strategy, it's human nature, I've seen too many people who chose the right direction but still ended up losing.
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Can the example of MicroStrategy be used to illustrate the problem? They are a large institution.
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Really? I feel like there are actually more people buying the dip now than hoarding coins, the market has changed.
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ColdWalletAnxiety
· 12-22 15:53
Sure, this is a replica of me two years ago... Now I finally understand, it's better to hold Mainstream Token instead of messing around with those broken small coins.
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I totally agree, my $8000 lesson was chasing contracts and losing, now I only deal with Spot and Auto-Invest, my sleep quality has directly To da moon.
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Indeed, those around me who look at candle charts every day have lost money, while my lazy strategy has earned quite well... It turns out the simpler, the more profitable.
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I really admire that guy from MicroStrategy, he has truly "waited" his way to wealth... This is the correct way to open in the crypto world.
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The most regrettable thing in 2024 is not realizing this point earlier, but it's still not too late to remedy it, continue to hold.
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To be honest, I won't move until Bitcoin rises to 100,000, being patient for two years is definitely better than losing quickly with frequent operations.
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Those guys who refresh news every day are really pitiful, I'm earning more just by slacking off... That's the gap.
In my first year in the crypto world, I also did some foolish things – chasing after contracts and hunting for alts, losing 8000 dollars in six months. During that time, I stayed up late watching the market data, my heart almost jumping out of my chest, only to finally understand one principle: the most brutal thing in the crypto world isn't the price plummet, but the fact that you're desperately pushing in the wrong direction, resulting in working harder and falling deeper into the pit. I saw a bunch of people around me studying candlestick charts and brushing up on news every day, yet in the end, they still lost money, and the root cause was simply choosing the wrong track. On the contrary, those who chose the right direction could gradually build their account, even with limited funds. Today, I'm going to share what I've learned over the years to save newbies from taking the wrong path.
**First Method: Spot Trading - The Dumbest Method Often Makes the Most Money**
The gameplay is actually not mysterious; to put it simply, it’s "buy when it plummets and sell when it rises", focusing on mainstream coins (Bitcoin, Ethereum, Solana), and don’t mess around with small coins. Last year, I used a dollar-cost averaging strategy to invest in Bitcoin and Ethereum, and the final returns were actually 30% higher than those who trade alts every day. And the best part is — I don’t have to get up in the middle of the night to monitor the market data.
This method is especially suitable for newcomers and working people who do not have the time to constantly pay attention. I have witnessed a fact: Ethereum rose from $1500 to $4500 in 2024, and those who diligently held onto their coins without frequent trading made more money and with more stability than those who played contracts every day. Being able to hold onto spot assets in a bull market is already a win in itself.
**Second method: Coin accumulation strategy - using time to exchange for profits**
The core logic is very simple: accumulate at the bottom of a bear market and take profits in phases during a bull market. For example, when Bitcoin drops below 30,000 USD, buy in several batches, and then consider selling when it rises above 100,000.
This move tests patience the most; only those who truly believe in the cycle and do not dream of getting rich overnight can play well. There's a living example – the owner of MicroStrategy heavily bought in when Bitcoin dropped to around 16,000 USD in 2023, and later the coin price rose to 42,000 USD, more than doubling his assets. Although this way of earning is slow, it is quite stable.