1. Don’t touch high leverage
In a bull market, when the market is good, many people like to use leverage, hoping to double, double, and double again. The result? A callback will blow up the position faster than the rise. In a bull market, the market fluctuates greatly. It is better to earn slowly than to use high leverage, otherwise you will be giving away money.
2. Don’t chase after the high-priced altcoins
Many people rush in when they see a small coin soaring dozens of times, and end up buying at a high point. Remember, the most likely to be hyped in a bull market are those air coins with no technology and value. The dealer will run away after pulling the price, and you will be a leek if you chase them. If you see a coin that has been rising for several days in a row, resist the urge to chase it.
3. Don’t hold on to your stocks, as the bull market won’t last long
In the bull market, many people hold on to their coins, always hoping that they will rise to the sky. As a result, when the market turns bearish, the profits are converted back to the principal, or even the principal is gone. My experience is that if you make 2-3 times the profit, you should stop profit in batches and put the money in your pocket. Don't wait for the crash to regret it.
4. Don’t keep a bottom position of small coins
Once the bull market ends, many small coins will go directly to zero. Don’t think “wait for the next bull market to go back up”, because you can’t wait. So when you speculate in small coins, make a profit and leave, never leave a bottom position, the transition between bull and bear markets is so fast that you will doubt your life.
5. Old projects are safer
In the bull market, new projects emerge in endlessly, but only a few can really survive. Old projects like Bitcoin and Ethereum, although they don’t rise as fast, at least they won’t return to zero. If you don’t know how to choose coins, buy old projects, at least it’s safe.
6. Look at the data on the chain, not the bragging in the circle of friends
In a bull market, on-chain data is the real weather vane, such as the number of active addresses and transaction volume. If these data start to decline, it means that the market is at risk. Don't be fooled by those screenshots of getting rich in the circle of friends. Look at the on-chain indicators more and make calm judgments.
7. Don’t believe in the saying “the bull market has just begun”
In a bull market, there are always people saying "this is the starting point, the ceiling is still far away", which sounds reasonable, but in fact it is just to trick you into buying. Real big guys never predict the top and bottom, they just leave when they make enough money. The bull market will not rise forever, the risk will increase as time goes by, so don't be greedy.
8. Diversify your funds and don’t bet on just one coin
There are many opportunities in the bull market, but it is too dangerous to bet on just one coin. At least 3-5 currencies should be allocated, with stable ones such as Bitcoin and Ethereum accounting for the majority and small coins accounting for a small part. Even if you step on a landmine, you will not return to the pre-liberation era overnight.
9. Don’t ignore policy risks
The most fearful thing in a bull market is sudden policy changes, especially when some countries suddenly tighten their cryptocurrency regulations. In the previous bull market, many people were trapped because of the sudden tightening of policies. Therefore, always pay attention to policy trends and sell decisively at the first sign of trouble.
10. Don’t ignore the withdrawal issue
No matter how much you earn in a bull market, it is useless if you cannot cash it out. At the end of the bull market, the exchange will slow down the withdrawal speed or even restrict withdrawals. Therefore, after making money, regularly withdraw part of it to a bank card or cold wallet to ensure the safety of funds, and don't wait for the exchange to run away.
