GCR, which gained fame by shorting LUNA, has made its first post in a year, warming the hearts of the community after experiencing a crypto bloodbath over the weekend. GCR stated that now is a good time to add positions to trusted tokens; however, if you are already fully invested, stick to spot positions and do not surrender. Because fair wealth comes from leveraged traders being forced to turn to wealthy spot buyers.
TechFlow of Deep Tide also compiled GCR’s core advice on crypto investment over the years. The following is an excerpt from Chain News.
Table of Contents
Toggle
To be a Holder or a Trader?
The greatest advantage of meme coins is “never delivering”
The authenticity of crypto news is not important; the duration of its impact is
Fast in the beginning, but slows down later
Eliminate the weak and keep the strong
Don’t be influenced by others making big money; realizing profits is what matters
To be a Holder or a Trader?
If you have long-term belief in BTC and ETH, simply holding them will outperform continuous trading because they will keep going up, printing more money, and ETH reaching $10,000 is something that will happen sooner or later.
Advertisement – Continue reading below
The greatest advantage of meme coins is “never delivering”
For DOGE, the most optimistic path is that Twitter (now renamed as X) will never truly integrate it into anything. It will be a subject for Musk to ridicule, hint, mock, puzzle, and joke about, allowing people’s imagination to run wild, but it will “never deliver.”
The authenticity of crypto news is not important; the duration of its impact is
When news affects prices, market participants usually focus on whether it is true. But many times, the truthfulness of the headline is not important; what matters more is the market’s reaction to the news and the duration of its impact.
Fast in the beginning, but slows down later
We observed the trading principles of meme coins: In the altcoin cycle, you should increase your consideration of risk when the trend first reverses and gradually protect your capital over time. The reason people fail is that they do the exact opposite.
Eliminate the weak and keep the strong
Imagine the Ponzi scheme as a professional boxer fighting for a prize. In a boxing match, the winner gets the prize, while the loser ends up with nothing. But people often make decisions like this: when an investment performs well, they sell it, and when another investment performs poorly, they add to it.
Don’t be influenced by others making big money; realizing profits is what matters
Wealth is only realized when it is actually cashed in. When trading volume exceeds market capitalization, it often means that price increases are in the final stage. Moreover, never let other people’s news of making big money influence your trading psychology; realizing profits is what matters.
GCR
TechFlow of Deep Tide
Related Reading
ETHTaipei 2024 | Developers compete for a prize of 2.3 million yuan, anonymous socializing and privacy transfer services stand out
What is EIP-3074, the next Ethereum update? How does it achieve account abstraction?