What is the best way to get 10x or 100x coins in a bull market?
Without further ado, let me first talk about the conclusion: the best way to get 10x or even 100x coins in a bull market is to transfer the coins to your wallet.
Why? If you put it in an exchange, it is easy to buy and sell. You may sell it when it rises by 20%. I don’t know if you have ever sold a 100x coin. Anyway, I have sold a lot of coins. My 7-year investment career in the currency circle tells me that transferring the coins to your wallet is really a good way.
Transferring the coins to your wallet is a very beneficial way to fight against human nature. Normal people do transactions when they rise-they will run away, and when they lose, they will hold on to it, pretending that they want to hold it for a long time, and then continue to lose and find a reason to say no.
In fact, they don’t understand stop loss. Good transactions should be done in the opposite way. If you lose, you must stop loss, and if you rise, you hold it, and then sell it in the middle and late stages of the bull market.
From tomorrow, there is at least half a year. When you can’t hold the coin, think about this sentence, maybe you can hold it.
500,000, you can choose 5 coins that you can understand according to your energy. If you can't understand any of them, don't buy any of them.
Buy 10 coins if you understand them. Before buying, set a stop loss price for each one, such as stop loss for link if it loses 20%, stop loss for uni if it loses 30%, stop loss for wld° if it loses 50%, etc. Once the stop loss is set, it means you have made the worst plan.
In this way, when you really lose money, you are mentally balanced and have psychological expectations. The most feared thing is that you only want to make money and never think that you will lose money. You always think that you are better than Buffett and your transactions can be 100% profitable.