The easiest way to make money in cryptocurrency trading is like drinking water once you understand it! The easiest way to make money in cryptocurrency trading! Once you realize it, it's like drinking water! Remember the rules for making money in a bull market!
1. Once the rise begins, it won’t easily end, so don’t be afraid of the big corrections that occur in the early stages. Boldly enter the market; the most troublesome thing is to wait for a lower point, as the longer you wait, the higher it goes, and you miss the opportunity.
2. In a bull market, there are many spikes. If your position isn’t full, try to wait for a pullback and go all in directly. Otherwise, you might get a spike at any moment, which most people can't handle.
3. You must manage your position well; it's best to have layouts in several key sectors. If you put all your funds in one sector and it doesn’t move in the short term while others are rising, it’s very frustrating. If you chase after it, you might get stuck, and after clearing out, it could take off again in just a few days. Many people have encountered this, so either don’t buy, or if you do, hold on firmly. Your coins will eventually rotate, and even the worst coins in a bull market can see five to ten times their value.
4. The market always rises amid divergences; what many people criticize is often an opportunity, and when everyone is optimistic, it can actually imply risk.
5. Don’t always think about making short-term high sales and low purchases. If you exit midway, you will find it hard to return. Playing short-term isn't as profitable as simply holding and letting it grow.
6. Every time there’s a pullback, the market will panic, and people say the bull has run away. The fact is, a bull market must go through at least three to four major pullbacks before it can end. So don’t be afraid; you must have a broader perspective. As long as you hold onto good coins and not garbage ones, even the worst can yield five to ten times. In a complete bull market, making two to three times on spot transactions is nothing unusual.