Five key points to help you make steady progress in the cryptocurrency circle

I have been working in the cryptocurrency circle for almost 10 years. I have made money and lost money during this period. I have done ICO, dog coins, mining, etc., and have experienced three rounds of bull and bear markets. After summarizing my countless operations, I finally found that there is only one way to make money steadily. That is simple and crude, and everyone understands it:

Buy in a bear market, sell in a bull market, and make a steady profit.

A bull market generally lasts for 6 months to 1 year, and a bear market generally lasts for 1 to 2 years. A bull and bear cycle lasts for 3 to 4 years. Seize the opportunity and earn at least 50%+ in each bull market, which is enough to outperform the returns of various financial management, stocks, and funds. Because this 50%+ return is certain to be earned, there is no suspense.

1. Buy new instead of old, and try to layout at the bottom

Be patient and wait for new valuable coins, and then try to layout at the bottom (although it is impossible to buy at the real bottom), and wait for the market to rise.

2. Only buy mainstream coins

BTC and ETH will always be the kings of the cryptocurrency circle, and it is absolutely right to buy in a bear market. Although it cannot double, if you buy in a bear market and hold until you sell in a bull market, you will definitely get a 50% increase. It is the first choice for large funds.

Exchange platform coins: such as BNB

Stronger basic chains: such as SOL, AVAX

Good infrastructure coins: such as MATIC

Strong consensus coins: Dogecoin, SHIB

You can only hold mainstream coins, never hold altcoins. The logic of altcoins is to cut leeks. Many altcoins will be born in each bull market. The altcoins that are booming in this bull market may be completely silent in the next bull market. They will be covered by the highlights of new altcoins. Without internal channels and news, it is almost impossible to bet on an altcoin and buy it before it explodes. Generally, you only know that there is such a coin after seeing a certain altcoin soar. At this time, it is too late to follow up. Maybe if you are lucky, this coin will continue to rise, but it is likely to fluctuate and fall. The altcoin fluctuates too much, and most people can't hold it regardless of whether it rises or falls. It is often a small profit and a big loss. In the end, it's all a loss.

3. Sell in the middle of the bull market and stop trading later

In the early stage of the bull market, BTC will rise slowly, and it will be the only one to rise, driving ETH up. At this time, some good mainstream coins will rise, other coins will rise slowly, and a few altcoins will soar, while most altcoins will not move.

In the middle of the bull market, BTC and ETH fluctuated and rose, mainstream coins rose vigorously, and altcoins began to start.

In the late bull market, BTC fluctuated and fell, ETH may continue to rise, mainstream coins rose one after another, and the highlight altcoins of the second round of bull market soared several times, even dozens or hundreds of times.

At the end of the bull market, BTC fell by thousands or even tens of thousands of points, and then recovered slightly. The first plunge recovered quickly, giving people the illusion that it was just an adjustment. After two or three such declines, the bull market was declared over. If you are trapped at this time, please don’t have illusions anymore and stop losses in time. Otherwise, the principal will be dragged into the bottomless abyss.

3. Don’t gamble on luck in the bull market

There are many opportunities in the bull market, especially in the middle and late stages of the bull market, when altcoins are flying around, and many altcoins have soared many times, which makes people jealous. People are eager to follow up or choose some promising but not yet explosive altcoins to start with, and they are still confident in waiting for their surge. It is best not to have such a mentality. This is completely a gamble on luck, which is no different from gambling and has nothing to do with investment.

In every round of bull market, many altcoins that cut leeks will be born. These altcoins are very gimmicky, the background looks very strong, and the rise is very fierce. Please resist the temptation. You will know who is swimming naked after the tide recedes. When BTC plummets and the bear market comes, these altcoins are cut in half, cut in feet, and even close to zero.

If you really can't resist the temptation, you can only follow up with very small funds to play. Even if you make a small profit, don't bet heavily on the hot head. Don't, don't, don't. This is gambling, and gambling can't always be lucky. I'm not afraid of you making a hundred times, I'm afraid that you will lose all the capital to start over if you lose only once. Don't fantasize about holding a large altcoin and getting rich. This is the same as buying a lottery ticket and fantasizing about winning the jackpot. It is a super super low probability event. It's okay to play with small funds as entertainment, but it's wrong to treat it as an investment.

4. Be more patient and less impulsive

After buying in a bear market, you need to wait patiently until the bull market is sold. Do not operate during the rise and fall. Waiting during this period requires patience.

After selling in a bull market, wait patiently for the bull market to collapse and enter a bear market. It may take one or two years. Don't be impulsive to buy at the bottom of the mountainside or foot of the mountain, and wait patiently for the moment of falling to the bottom.

After selling in the bull market and making money, don't be tempted to play with altcoins. If you really want to gamble, you can only use up to 10% of your funds.

5. The principal is always the most important

If you are trapped by careless operations, it is most important to keep the principal as much as possible. When the currency circle collapses, you are willing to cut your losses in time to keep most of the principal and the basic market. There is still hope for a comeback. Patiently wait for the currency circle to fall into the abyss, and then use the remaining principal to buy the bottom. Don't be trapped and accompany the currency circle to collapse and be buried. Many times, if you buy a trapped coin and sell it before the currency circle collapses, you will lose up to 50% of the principal. If you don't care, let it fall, and stick to it to the end. When this coin falls to the bottom with the currency circle, there is almost no possibility of regaining the remaining principal. (See comments for communication)