Some experience from years of cryptocurrency trading
1: The cryptocurrency world rises and falls together. The rise in the bull market does not need value support, but only a reason for the rise
2: Don’t talk about faith with the copycats. Cut your losses when you should
3: Time is a friend of Bitcoin, but an enemy of copycat coins
4: The value foundation of copycat coins lies in continuous innovation. Once innovation stagnates, the value will collapse. The value foundation of Bitcoin lies in its immutability. If you are trapped by Bitcoin, there will definitely be a day to get out of it, but copycat coins may not
5: The only ones suitable for left-side trading are Bitcoin and Ethereum. The biggest risk of copycat coins is zero
6: At the beginning of a bull market, only BTC is healthy if it stands out. Therefore, first build a position in Ethereum. If it rises, you will not miss it, and if it falls, you will not be afraid of being trapped
7: Copycat coins are useless Have defensive capabilities
8: Do not increase positions when the price goes up, position management is very important - try with a light position, and then increase positions significantly after the price goes up. It is difficult to play without losing money in this way
9: BTC and ETH can barely add a BNB position that is not less than half
10: When playing with copycats, you must take the initiative to miss opportunities and sell them at a loss
11: Fall in one place and get up in another place - lose money here and make it back in another place
12: The biggest cost after being trapped is the opportunity cost
13: The core of playing with copycats is to know how to sell
14: Only eat three-tenths full, the fish head and tail are not so delicious, leave them to the dealer, and wait for the leader to come out before eating the fish belly with high certainty
15: When playing with copycats, you must have a light position, a heavy position will ruin your mentality, your mentality will ruin your operation, and your operation will lead to losses
