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THE CRYPTO MARKET HAS TOO MUCH JUNK When I first entered the market in early 2017, I vaguely remember there being just over 1,000 coins/tokens. Now, according to the latest data from CoinMarketCap, the number of cryptocurrencies has risen to over 26.6 million different coins/tokens. In just 30 days, an additional 1.73 million new coins have emerged. Most have no real application, just products of the meme wave, forks, or scams. The market is flooded with "shitcoins". Meanwhile, the US stock market - considered the largest in the world - has only about 5,000–6,000 stock codes. => A number that shows the crypto market is saturated with junk. I do not deny that in the history of Altcoins, there have been many codes that have grown tremendously. But that is a story from the past - the years 2017, 2021. Now, you can see that although the total market capitalization is increasing, it is only concentrated in BTC and a few top coins. It is not by chance that long-time OGs - those who survived through the Crypto winters only hold BTC, ETH, and a few top coins. Because they understand that in the sea of 26 million tokens, 99% (or more) will go to "mo". That is also the reason why for the past 2 years, I have frequently reminded everyone to allocate a large proportion to BTC. THINK ABOUT THE SIMPLE CALCULATION AS FOLLOWS: For example, last year you had $100k invested in Crypto. You guessed that Altcoin A would increase 5 times. While BTC would only increase 2 times. So everyone thinks investing in Altcoin will yield better performance, right? NO.....! So would you dare to invest the entire $100k into Altcoin A? Usually not, because you are afraid of putting all your eggs in one basket, so you will look for more Altcoins B, C, D... to feel more secure. And the problem starts to arise. 1. Assuming the market is good, can you hold from the beginning to the end for a 5 times return on your investment without getting jittery and cashing out early? So the total account will definitely not increase much. 2. In a bad case, Altcoin A could drop by 2-3 times, even 5-7 times. In other words, your investment is almost back to "mo". 3. Meanwhile, if you only hold BTC, your total account would double with a much higher certainty. So the key is how much your total account grows. It’s not about finding a coin that increases by how much. For example, ZEC increased 10 times from the bottom, but how many people could hold from the bottom to when it reached 10 times? People expect to get rich quickly, to make money quickly, so they are more interested in Altcoins. Of course, I also allocate a portion to Altcoins, but it only accounts for a small part compared to BTC. I want to earn more STABLY. Eat less, but live long, then you will be able to eat more.

Newbies playing contracts, don't rush to make money, learn how not to lose first. Recently, I have received a lot of private messages, all of which are similar questions: I only have 1000U principal, how can I not liquidate? Am I too little leverage and too slow to earn? Today, if you want to counterattack, start with this set of strategies: Step 1: Divide the position. The 1000U principal is directly divided into 10 parts, and only 100U is taken out each time to operate, and the remaining 900U is put into the wealth management account, don't move it yet. Don't underestimate this step, it determines whether you have a second chance. Step 2: Don't open the leverage too high. It is recommended to control it within 20X, this multiple fluctuation space is sufficient, and it will not easily make your mentality explode. You're not here to gamble, you're here to make money. Step 3: Stop loss should be decisive. 100U will lose if it loses, admit planting, and review. Do not make up positions, increase weights, or carry orders. Stop for 1-2 days to look at the market and think about the problem. Step 4: The sense of rhythm is the most important. Wait for the state to be adjusted, then take out a copy from the 900U and continue operating. If you make money this time, such as earning 300U, continue to transfer 200U back to your wealth management account, and only keep 100U for the next round. This method doesn't sound complicated, but it can really save many lives. Because most novices liquidate their positions not because the market is too fierce, but because the mentality is too urgent, they fill their positions at one time and stud at one time, and the result is that the direction is wrong and they directly return to zero. Remember a sentence: Even if you have a 90% win rate, as long as you make a mistake in full position, you can "never recover". The currency circle is large, volatile and fierce, and there is no position management and mentality control, so it cannot go far. Contracts are the ultimate test of human nature, not afraid that you will earn slowly, but afraid that you will die quickly. It's not that you can't do it, but you're bumping into it alone at night. Steady down, take your time, the most expensive thing in this world is to live. #DOGE #BTC #ETH