A very good article I read in 2021 by Mr. N.H.Hung on FB, I would like to share it again on this platform for you to read!

EXPERIENCE IN INVESTING IN CRYPTO

1) In investing, your biggest opponent is yourself. You must overcome greed and fear.

2) When everyone is greedy, that is when the market is about to correct down. Take profit immediately, because only when you take profit, the money is your money.

3) When the market is afraid, panic sell, it is an opportunity to consider buying. When a crypto drops 30%, you can buy slowly, divided into 2 or 3 batches.

4) Never buy in the middle of a price increase if it has increased by more than 30%.

5) When the market drops in price, transfer money to core coins like Bitcoin, ETH. Core coins usually decrease in price slightly, the market will return to protect these coins, less likely to die.

6) To invest effectively, HOLD to die or switch continuously is not good. The important thing is to enter and exit at the right time and depending on the coin. Only hold good coins (reputation, influence, usage value, strong community). With bad coins, be ready to cut losses if you see that it is at a high price, unstable, and has entered because of a previous strong price increase.

7) Listen to everyone but trust your judgment and follow the decision from your judgment. You will be confused if you do not have your own opinion, it will lead to a big loss of money. If you are wrong, you may lose money but you will avoid that mistake next time.