Ten Maxims from a Decade-Long Veteran in the Crypto Space
1. Don’t chase popular coins too much: Those popular coins everyone is rushing to buy are actually quite risky. Just like things that are too hot in the market, their prices can be driven up easily, and once the excitement fades, the prices will plummet.
2. Don’t easily touch altcoins: Altcoins often play tricks, spiking suddenly and then crashing down hard, specifically targeting novice investors. Don’t be blinded by those little sweet gains.
3. Keep a long-term perspective: In the crypto space, looking at it long-term is relatively stable, don’t get confused by short-term fluctuations. You need to look at it over a longer period to see the patterns.
4. Potential coins are low-key: Coins that truly have potential are usually quiet at first. You need to find those that may be low-key but have solid technology and development prospects.
5. Be cautious with new coins: Newly launched coins have high risks, with prices fluctuating like a roller coaster. You need to be careful and not rush in blindly.
6. Fluctuations are normal: It’s very common for prices to drop after buying and rise after selling, don’t be too startled. Stay calm, and don’t let these fluctuations disrupt your mindset.
7. A quick rebound isn’t necessarily good: Coins that rebound quickly are often driven by speculation. Good coins tend to rise slowly but steadily.
8. A pullback could be a trap: If the coin you bought has risen for a while and suddenly drops back, it might be that someone is offloading. Act quickly to cut your losses.
9. Keep an eye on rising stars: When a bull market is about to end, those coins that haven't risen much initially might start to gain momentum. You need to keep an eye on them.
10. Long-term consolidation might have big moves: Some coins might rise for a while during a bull market and then remain stagnant for several months. You should pay attention to such coins; they could shine in the next bull market.
If you don’t know how to operate in a bull market, click on my profile, find me, and I will share market spot planning, contract password, and insights for free. I need followers, and you need references. It's better to follow than to guess.
