1. Look at the people behind the project, not just the graphics
No matter how good-looking the white paper is or how flashy the charts and data are, if the founder's background is unclear, you can basically pass! In this day and age, capable people can't hide — the project team's resumes, past records, and even their public statements are key to distinguishing truth from falsehood.
The hardest trick? See if they are active on LinkedIn or in the tech circle. Because truly great teams either come from a technical background or have solid resources; if you can't find any reliable information, the faster you leave, the better!
2. Those who know how to sell are the masters
Many newcomers have a common problem: they only think about buying, fantasizing about 'rising and getting rich' once they buy, but when the price really doubles, they don't sell and end up dumbfounded when it drops back. Real experts think clearly at the moment of buying — how to sell, how much to sell, to ensure a profitable exit?
Key skills:
• Set two points: Profit-taking point (at this point, you must sell a portion to lock in profits) and stop-loss point (if it drops to this level, don't cling to it; leave when you should).
• Sell in batches: Don't expect to sell at the highest point; taking profits when you can is the way to survive.
3. Cold wallet = a tool for survival in the crypto world
Here's a true story: My friend deposited several million USDT on a major exchange last year, only to encounter the platform's 'explosion,' with all assets frozen, and he hasn't recovered a single penny to this day! If he had transferred his assets to a cold wallet earlier, the losses wouldn't have been so tragic.
In simple terms, a cold wallet = your own safe. No matter how good the exchange wallet is, it's still someone else's key, and if something goes wrong, you have no say. A cold wallet is stored offline, and you have complete control over your private keys; even if the exchange collapses, your assets remain unaffected.
4. The 'community detective method' for obscure tokens
Do you often encounter obscure coin projects that seem impressive in description but you can't tell if they're real or fake? Don't just listen to the white paper bragging! Go check their community groups (Telegram/Discord/Twitter), and you can see the clues in a second:
• Fake project group: All messages are sent by bots, and few people ask questions; when they do, the answers are perfunctory.
• Real project group: Members discuss enthusiastically, with real user feedback, and the team will patiently explain.
The community can truly reflect the project's audience; don't overlook this detail.
5. Sell coins in a bull market, hoard 'gold' in a bear market
Many people know about the alternation of bull and bear markets, but their operational direction is completely opposite! When the bull market is soaring, they 'go all in,' thinking 'it can fly again,' only to get trapped up high. The real strategy is simple:
• In a bear market, hoard quality coins: Focus on long-term projects with reliable technology and solid teams; in a bear market, no one pays attention to them, and the price is your opportunity.
• Cash out decisively in a bull market: When everyone is buying frantically, you need to calmly sell to lock in profits; otherwise, wealth is just talk.
6. DYOR (Do Your Own Research) is always the iron rule in the crypto circle
No matter who is blowing smoke at you, no matter how explosive the news is, don't blindly follow the trend! **Never trust the calls of big names in the crypto circle,** because most are using information asymmetry to cut you.
The key to DYOR:
1. Look at the project's strength, how is the technology? Is there any fluff in the white paper?
2. Analyze the community support: Is it real heat or artificially generated?
3. Look for details! Is the contract code open source? Has it been security audited? These are the fundamentals that determine a project's vitality.
7. Beware of FOMO emotions
Do you know what is the most effective way to cut leeks? **Utilize FOMO emotions.** FOMO means 'Fear of Missing Out'; when a project suddenly takes off, and your social circle is buzzing with 'it has increased fivefold!', does that greedy string in your heart get tugged? Stay calm, brother! Nine times out of ten, behind these skyrocketing coins is capital manipulation, waiting for you to step in and take the bait.
My experience: It's better to make a little less profit than to enter the market and pick the last wave of the 'fireworks.'
Oh, there's a secret I forgot to tell you: I've heard that likes, comments, support, and rewards can prompt institutions to pump the market, so hurry up and give it a try; the next one to get rich might just be you.