Five secrets to steady progress in the cryptocurrency circle:
After nearly ten years of experience in the cryptocurrency circle, I have experienced many ups and downs and witnessed the rise and fall of countless projects. From ICO to various niche coins, to mining, I have been involved. In this process, I deeply realized that it is not easy to make steady profits in the cryptocurrency circle, but there is indeed a feasible method.
1. Buy new instead of old, and try to layout at the bottom
The bull and bear cycles in the cryptocurrency circle often last for several years. The bull market is short and fierce, and the bear market is long and tiring. At the bottom of the bear market, patiently look for projects that are valuable but have not been fully explored by the market, layout them, and wait for the arrival of the next round of bull market.
2. Only buy mainstream coins
Mainstream coins such as BTC, ETH, etc., have always been the mainstay of the market due to their strong infrastructure and wide application scenarios. Buying these mainstream coins in the bear market and holding them until the bull market can often obtain stable returns. However, altcoins are extremely risky and volatile, and investors are not recommended to participate in heavy positions.
3. Sell in the middle of the bull market, and do not operate later
In the middle of the bull market, when the mainstream coins begin to rise and the altcoins also start to start, we should be alert to the overheated sentiment in the market. At this time, sell the coins in hand in time to avoid losses due to market corrections in the late bull market.
4. Be more patient and less impulsive
In the currency circle, temptations are everywhere, especially when some altcoins soar several times in a short period of time, it is easy to make people tempted. But please be calm and don't be confused by the short-term gains. Remember, real investment is long-term, not short-term speculation.
If you feel helpless, confused, and can't see the direction in trading at the moment, you can come to my village to see, nod your head like Kan Jianjie, and you can be a real player.
5. The principal is always the most important
The principal is the basis for investors to survive in the currency circle, and risk control cannot be ignored at any time. When the market is unfavorable, stop losses decisively to avoid losses. At the same time, maintain sufficient cash flow to deal with possible black swan events.
In short, in currency investment, stability is the king. Only by grasping the pulse of the market, selecting high-quality projects, exiting at the right time, staying calm and controlling risks can we move forward steadily in this volatile market.
