Is it easy to make money? What you need to know about investing in the bull market

On the evening of January 4, a very touching incident occurred in the public opinion news, which was the death of a girl from Pinduoduo due to overwork. It was actually very shocking. After all, in modern society, exchanging life for money has become commonplace for many people, and many people have become numb.

Some people think of investing in digital currency. In fact, investing in digital currency also has risks, and they are not small. However, if the method is appropriate, it is actually possible to use digital currency investment to make money and get out of the 996 or 007 circle. After all, it is still in the early stage of the bull market. Bitcoin has just broken a new high. Ethereum, Litecoin and other mainstreams have not yet reached new highs. In fact, there are still many opportunities. We conduct investment analysis on two types of investors to let everyone understand how to invest and make money in the field of cryptocurrency.

Ordinary investors

Think about it, why did you invest in digital currency in the first place? I believe that most people probably initially thought of investing to make money. I also thought so at the time. When I first experienced the bull and bear markets, most people were inexperienced and ended up not making any money, but losing money. However, those who persisted learned some lessons. After all, every failure is a learning experience.

So are you confident about this bull market? Do you have a goal to make money? What will you do if you achieve it?

Why do you ask this? In fact, in a bull market, it is very important to set your own profit target. The main goal of cryptocurrency trading or investment is to make money, but many investment tycoons have said that those who know how to buy are apprentices, and those who know how to sell are masters, which means that profit-taking is very important.

The setting of stop profit should meet several factors:

The first is to have a certain degree of objectivity and not set vague goals, such as difficult goals such as increasing 100 to 10,000.

The second one must be scientific to a certain extent. For example, you can allow yourself to keep some Bitcoin positions at the end, instead of clearing all positions, to avoid missing out.

Third, ordinary people must prepare for the worst and be able to bear the consequences. For example, the simplest scenario is that if these coins are finally sold out, or if you don’t stop and end up losing money, what should you do next? To leave yourself a way out, you can slightly reduce the investment amount, or adopt a slightly more conservative investment method. After all, the future is still long and there are many opportunities. If you can’t achieve it this time, there will be the next bull market, so it is important to leave a way out to reduce risks.

If you are lucky and make money, what do we need to do? That is to set your own profit target in advance. This is the first one, because only when you set your own goal can you take the next step after reaching the goal.

After setting the profit target, the next step is to strictly implement it. At this time, you must follow the steps and treat yourself as a robot. Sell what you should sell. Never fall in love with altcoins, because falling in love will always cost you money.

Finally, if you strictly implement the above goals and make money, then you must set your own lifestyle. After all, the purpose of making money is to make yourself live a better life, such as buying a house and starting a family, changing to a better car, giving your children a better education, or going out to travel and relax, etc. After all, according to Pinduoduo, people can control their own efforts. I believe everyone will understand the deep meaning behind this sentence. Combining work and rest is the hard truth.

It is actually very simple to make money in a bull market, but because of the 80/20 rule, the final outcome will inevitably be that most people lose money and only a few people make money. The main reason here is that they do not set good goals and strictly implement them, which causes most people to be trapped. Therefore, making money in a bull market is actually a very difficult thing, because most people still cannot cross the most difficult step between floating profit and actual profit.

That means selling!

Blockchain industry practitioners

The above is the basic gameplay. If it is more advanced, it will involve the blockchain industry and field. At this time, investors need to have a relatively rich level of knowledge and foresight, be able to seize opportunities for revolutionary things, not care about short-term losses and profits, and finally maximize benefits.

The most direct example is participating in the investment of Bitcoin and Ethereum. At this time, we can’t simply measure it by buy-in and make money by selling. We must invest at the lowest cost and effort to produce the greatest effect, rather than looking for value in a large number of copycats. For example, investing in Bitcoin or buying mining machines for hosting or cloud computing mining are very easy ways to make money.

Needless to say, Bitcoin is a currency that must be allocated for those who intend to develop in the blockchain field or those who invest for a long time. Regardless of the gains and losses over a few years, the focus is on long-term development. The same is true for Ethereum.

Ethereum's ecosystem will continue to expand in the future, which is something that many people can see. As the leading blockchain currency, Bitcoin plays a key role in the industry. If you want the industry to develop healthily, then you have to allocate Bitcoin. When you work hard in this industry, the industry development will gradually get better, and naturally the price of Bitcoin will be higher, and in the end you will make money.

If you regard the blockchain industry as a company, then Bitcoin, Ethereum and other mainstream currencies are the stocks of this company (based on market capitalization), and you are equivalent to a shareholder of this company. All your efforts are for the development of this company, and in the end you will naturally receive dividends brought by the increase in the company's price.

In other words, if you don’t have Bitcoin or Ethereum, which are currencies with a high market value, then you are not a qualified blockchain practitioner. These Bitcoin and Ethereum, which have a high market value, are worth holding for a long time.

To put it more bluntly, all practitioners in the blockchain and cryptocurrency industry are working for Bitcoin. If you don’t have any money in your hands at this time, then you are not a qualified cryptocurrency worker.

In the long run, Bitcoin does not trap anyone. Most people invest for a better life. This is the best way for you to have the opportunity to break out of the 996 or 007 circle. Why not cherish it?