What does it mean to bottom out in cryptocurrency (the underlying logic of buying and selling cryptocurrency)

What does it mean to bottom out in cryptocurrency? According to official sources, there are two specific ways to do this. The first is to buy directly and sell when the price is lower than the target price. The second is to buy at higher prices because the project is not yet profitable, so no one can guarantee that the profits will exceed expectations or if any profits have been made. If these investment concepts are understood thoroughly, it can be understood as buying and holding some Bitcoin, Ethereum, etc. This way, it is easy to cash out from somewhere and engage in small trading activities.

This approach is generally referred to as “speculation,” using various means to invest and profit. However, since this is a relatively new form of investment, many investors do not blindly follow the trend as before. Therefore, this behavior is not actually illegal, but rather used leverage trading, etc., to make money.

The underlying logic of buying and selling cryptocurrency

Buying and selling cryptocurrency requires the following fundamental knowledge: 1. Fundamental analysis. 2. Technical analysis. 3. Risk control (portfolio management). 4. Investment strategies, including judging whether the market is suitable for one’s trading habits and preferences. 5. Psychological temperament. 6. Holding period, expected return rate. 7. Trading methods. 8. Setting profit-taking and stop-loss levels. 9. Timing of entering the market. 10. Analyzing and summarizing the phase one is in.