To practice "buy low and sell high", you need to follow these key points:
• Find price differences: The core is to discover the price differences of the same cryptocurrency across different exchanges.
• Cost Calculation: It is essential to ensure that the price difference still has a profit margin after deducting trading fees, withdrawal fees, and other costs.
• Quick Operations: Market prices change rapidly, and price differences can disappear quickly, so it is necessary to execute buy and sell orders swiftly.
• Understand the essence: There is a viewpoint that the deeper level of "buy low, sell high" is not merely chasing price fluctuations, but is based on your "cognitive gap" regarding the future value of a project—that is, buying when its value is not yet widely recognized (low price) and selling when consensus is formed (high price).
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To practice "buy low and sell high", you need to follow these key points:
• Find price differences: The core is to discover the price differences of the same cryptocurrency across different exchanges.
• Cost Calculation: It is essential to ensure that the price difference still has a profit margin after deducting trading fees, withdrawal fees, and other costs.
• Quick Operations: Market prices change rapidly, and price differences can disappear quickly, so it is necessary to execute buy and sell orders swiftly.
• Understand the essence: There is a viewpoint that the deeper level of "buy low, sell high" is not merely chasing price fluctuations, but is based on your "cognitive gap" regarding the future value of a project—that is, buying when its value is not yet widely recognized (low price) and selling when consensus is formed (high price).