Navigating the cryptocurrency world, what insights can be shared?
1. Don’t exchange coins easily: The coin in your hand will eventually have its chance, don’t keep swapping.
2. Don’t touch coins that everyone is hyping: When everyone is discussing a certain coin, it’s usually close to its peak. It might bounce back in a bull market, but it’s hard to say in a bear market.
3. Don’t believe others about coins that will skyrocket: Whoever claims a coin can increase a hundred or a thousand times is either a fool or a scammer. Even if it exists, can you resist selling it?
4. Avoid contracts in a bull market: The chances of surviving until the end of a bull market when playing with contracts are slim.
5. Stay calm when others are crazy: During FOMO (Fear Of Missing Out), you need to assess risks and rewards clearly; protecting your principal is crucial.
6. Contract indicators are unreliable: Technical indicators often fail in bull and bear markets; so-called win rate indicators are just traps set by market makers.
7. Trust your choices: Coins that survive in a bear market will definitely see an increase in a bull market.
8. Fund management: If your funds exceed 100,000, avoid contracts; holding mainstream coins is safer. If your funds are limited, you can take risks on altcoins.
9. Go with the trend: The cryptocurrency market is mostly in decline or consolidation, only a small portion of the time is it rising, so you need to be patient.
10. Making money in a bull market is not guaranteed: Real profit comes from successfully escaping at the end of a bull market. When the bull market ends, assets can shrink significantly; bear markets are even scarier, and assets may go to zero. Only 10% of people make money, and it’s all due to greed.
Remember these, and your days in the cryptocurrency world will be a bit easier!
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