8 iron laws of cryptocurrency trading are summarized:

Don't rush to get on board: Hearing that others have made money may make you excited, but don't rush to join. Before investing money, first understand some basic knowledge and figure out what cryptocurrency trading is.

Be careful to chase ups and downs: Don't blindly follow the trend. You may hear that others have made a profit by buying coins, but when you follow up, the opportunity may have passed. Instead of chasing ups, it is better to wait patiently for the right opportunity.

Don't bet all your money on one target: Don't put all your eggs in one basket. Diversify your investments and buy different currencies to reduce risks.

Have a bottom line: Set your own loss tolerance, and don't invest all your money for a gamble. Set a stop loss point, and when the loss reaches a certain level, stop the loss in time to protect the principal.

Learn more, be less blind: Learn more about the knowledge of the currency circle, such as the basic situation of the target, and listen to the opinions of experts. Don't be swayed by rumors and wind.

Don't be greedy: When you see that you have made money, don't think about continuing to increase your stake. Take out part of the profit in time to avoid losing everything due to greed.

Don’t be swayed by emotions: The market is very volatile, don’t be led by emotions. Don’t follow the trend just because others are in a hurry to sell, and don’t chase the rise just because everyone is buying.

Time is your friend: Don’t rush for success. Remember, cryptocurrency trading is not a shortcut to getting rich overnight. Patience is the key, take your time, and take steady steps.