Warning for Altcoin Investment in Bull Market

When investing in Altcoins in a bull market, be sure to follow the rules and avoid blindness to avoid traps and losses.

Do not chase other people's rising coins and sell your own coins. Even if you chase, you should withdraw as soon as you make a profit. Other people's coins have risen several times, and their "belief" is strong because they have huge profits. If you chase them, the profit is small, and you are easily confused by the rising trend, believing that it will not stop, and then become a buyer.

Previously, doge, ACT, etc. rose with BTC, and one fan sold TIA to chase ACT, trapped in ACT's short-term high, and TIA rose sharply afterwards, which was not worth the loss.

In this case, investors' mentality is prone to collapse. If you are trapped at the top and reluctantly sell ACT, it may rise again in the future, and you will only regret it.

Therefore, when investing in Altcoins in a bull market, you should "wait for the flowers to bloom" and choose leading coins. They have stable prospects, strong support, high liquidity, and low risk. Don't buy marginal unknown coins that make up for the rise. Although there may be short-term gains, the trend is unstable and it is easy to fall into a big correction.

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