Keep in mind the three iron laws of the cryptocurrency world:
Always protect the principal and avoid full position betting
Remember, never go all-in at any time. Maintaining a sufficient margin of safety is the basis for success.
Don't rely on news to speculate in cryptocurrencies, the result is often a loss
Based on short-term news and market rumors, you may eventually be swallowed by market fluctuations. Information may lead you to short-term profits, but in the long run, this method is not reliable.
After making a profit, prioritize transferring funds to BTC instead of altcoins
After making a profit, transfer funds to mainstream Bitcoin (BTC) in a timely manner instead of continuing to bet on altcoins. As the dominant currency in the market, BTC can better resist most market risks.
The market changes in the cryptocurrency world are far more drastic than you think. Although the market has cycles and rules, the most fundamental rule is that everything is full of disorder, and it is this disorder that truly dominates the direction of the market.
