1: Many people tend to invest their money in many projects. Although this approach can effectively reduce risks, its profit potential is also relatively limited. You might as well try a more concentrated investment strategy, select the projects you are most confident in, and concentrate your funds on them. This may promote your wealth growth more efficiently.
2: When facing profitable tokens, do not rush to sell rashly. When you observe that the price of a token soars while another lags behind, be patient and let the profitable token continue its growth trajectory. You may get more benefits as a result. Of course, it is wise to set a reasonable selling target to ensure that you do not miss the best selling opportunity.
3: In a bull market environment, it is crucial to deeply understand the importance of "hype". Some projects may quickly rise to prominence due to their compelling storytelling, strong community support or other positive factors. Rather than focusing only on fundamentals, it is more important to have a broad understanding of these driving factors and explore what elements inspire retail investors to buy.
4: When the market turns from a bull market to a bear market, the project's fundamentals, profitability and fit with the market become particularly critical. However, during a bull market, factors such as spiritual leaders in the community and hype on social media may play a more significant role.
5: Given the ever-changing cryptocurrency market, it is particularly important to check your portfolio regularly. Pay close attention to the latest developments of your investment projects, including new developments of the team, changes in on-chain data, community activity, and future plans of the project.
6: Once you find that the fundamentals of the project have changed, or realize that your judgment is wrong, you should take timely measures to stop the loss and prevent further losses. At the same time, you must learn to face and accept your mistakes and draw valuable lessons from them.
7: It is crucial to keep an open mind to new projects and ideas. Be willing to try new things while developing a clear exit strategy to deal with the risks and challenges that may arise.
Recently, I plan to ambush a potential coin that is ready to explode. It is very easy to double it. At the same time, I am also preparing to find some potential coins to hold by the end of the year. The expected space is more than 10 times, and there is no problem. Follow up and eat meat below 999