💥Don't make these mistakes in a bull market!
In this round of the bull market, be sure to avoid these 10 common cryptocurrency mistakes!
1. Do not over-diversify investments: Focus on 5-10 projects with strong fundamentals to reduce risk.
2. Lock in profits early: Set realistic goals, take profits in stages, and avoid losses due to market crashes.
3. Avoid FOMO (Fear of Missing Out): Accumulate assets during corrections or low-activity phases rather than chasing price increases.
4. Pay attention to emerging trends: For example, AI, gaming, or real-world assets (RWA), follow market hotspots.
5. Emotional trading is a big taboo: Stick to a well-researched plan and do not be driven by fear or greed.
6. Develop a clear strategy: Document entry and exit points and profit targets to avoid unplanned trades.
7. Avoid leaving funds on centralized exchanges: Use hardware wallets to protect asset security.
8. Avoid blindly optimistic goals: Analyze market data and set reasonable return expectations.
9. Pay attention to tax issues: Use tools to track gains and losses, and plan taxes in advance.
10. Stick to your own research (DYOR): Understand white papers and tokenomics deeply, and do not follow blindly. ☑ Extra tips:
· Learn about market cycles and allocate time wisely. Use dollar-cost averaging strategies to reduce costs and risks.
· Track the movements of 'whales' and use smart tools to analyze the market.
· Take profits in a timely manner and allocate investment funds reasonably.
Tip: Master these skills, invest wisely, grow steadily, and seize the wealth opportunities of this bull market!
Finally, the recently observed Ethereum chain puppies are performing well, and they can be worth following, with hundredfold potential.