If you are experiencing a bull market for the first time, these points are especially important:
1. Every significant drop in a bull market is an opportunity to get in, especially around the New Year, when there is usually a pullback, which is a great time to increase your position.
2. Do not frequently switch cryptocurrencies, especially when the coins you hold have not yet risen. Just hold them patiently.
3. Do not overly diversify your investments; focus on different popular sectors and prioritize selecting leading cryptocurrencies for heavy investment. Don’t buy a bunch of useless ones in the same sector!
4. Timely lock in some profits and let the rest ride for further gains. After a crash, increase your position to seize low-level opportunities and lower your average cost.
Most importantly, avoid leverage and excessive enthusiasm; in the current market, the fastest way to lose is through leverage and excessive enthusiasm.
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