Eight key points to avoid losing money in the cryptocurrency bull market
1. Learn the basics: Master the basic knowledge of cryptocurrency and blockchain to make smarter investment decisions.
2. Independent thinking: Don't blindly follow the trend, and do your own research before each investment.
3. Be cautious with leverage: Use leverage reasonably to ensure that you can withstand potential risks.
4. Reduce transactions: Avoid frequent transactions to increase costs and focus on long-term value growth.
5. Control emotions: Stay calm, follow the established strategy, and don't be swayed by market sentiment.
6. Diversify investments: Don't invest all your funds in one basket to spread risks.
7. Pay attention to security: Use security measures to protect funds and personal information to prevent theft.
8. Be patient: Investing takes time, don't give up because there is no return in the short term.