These 8 practical rules for speculating in cryptocurrencies are reasonable. I suggest you keep them in mind:
1. Spot investment accounts for the majority
About 70% of the positions should be used for spot investment, and the remaining 30% can be used for new or high-risk, high-return projects.
2. Watch more and do less
Projects are everywhere, but you have to be cautious if the cost is high. If you really want to participate, make sure you win.
3. Buy in a bear market and sell in a bull market
From a bear to a bull, buy when it falls, and buy more when it falls sharply. On the contrary, when the bull turns to a bear, sell when it rises, and sell it little by little.
4. Don't touch leverage
Don't play with contract leverage, and avoid domestic high-risk projects.
5. Look at the group to judge the top
Look at the wind direction in your group. If eight out of ten groups are shouting to buy, the project is probably about to reach the top, and you can consider selling.
6. Get back the cost first when it rises sharply
When you encounter a project that rises particularly sharply, get back the cost and part of the profit first, and keep the rest to feel at ease.
7. If there is a lot of criticism in the group, it may have reached the bottom
When a project is criticized and criticized in the group and online, it may be the stage bottom, so pay attention to opportunities.
8. Only invest in the top two
Whether it is a short-term hype or a long-term story, the project you participate in must be the top or second in this field, so there is a greater chance of being hyped up.
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