A Bit of Experience from Years in Cryptocurrency
1: In the crypto world, everything rises and falls together; the rise in a bull market does not require value support, only a reason to rise.
2: Do not discuss beliefs with altcoins; when it's time to cut losses, just cut them.
3: Time is Bitcoin's friend but the enemy of altcoins.
4: The value foundation of altcoins lies in continuous innovation; once innovation stagnates, value will collapse. Bitcoin's value foundation lies in its immutability; being stuck in Bitcoin will eventually have a way out, but that is not guaranteed for altcoins.
5: The only assets suitable for left-side trading are Bitcoin and Ethereum; the biggest risk with altcoins is going to zero.
6: A healthy bull market begins when only BTC is thriving; hence, build a position in Bitcoin and Ethereum first—if it rises, you won't miss out, and if it falls, you won't fear being stuck.
7: Altcoins have no defensive capabilities.
8: Do not increase your position during a rise; position management is crucial—test with small amounts, and after a successful rise, increase your position significantly; playing this way makes it hard not to lose money.
9: The positions of BTC, ETH, and at least half in BNB should not be less than half.
10: When dealing with altcoins, proactively miss out and actively sell off.
11: If you fall in one place, get up in another—if you lose money here, go somewhere else to earn it back.
12: The biggest cost after being stuck is opportunity cost.
13: The core of dealing with altcoins is knowing how to sell.
14: Only eat until you are 70% full; the fish head and fish tail aren't that tasty, leave those for the big players; wait for the leader to emerge before going for the more certain fish belly.
15: When dealing with altcoins, you must keep your positions light; heavy positions can ruin your mindset, a bad mindset leads to poor operations, and reckless operations lead to losses.