Must-read for beginners! 15 Golden Rules for Cryptocurrency Investment
Rule 1: Protect your principal, this is the top priority in investing. Important things should be repeated three times, don’t just focus on making money and forget about the risks, or you might end up losing everything.
Rule 2: Don’t be greedy, earn steadily. Small profits with high sales is the long-term strategy.
Rule 3: Focus on one coin, don’t diversify your investments. Avoid going all-in, follow the trend.
Rule 4: Heavy investment is a big taboo, don’t force yourself into a dead end.
Rule 5: Don’t rush into buying, take your time. Be decisive when selling, and don’t procrastinate on stop-losses.
Rule 6: Money can never be earned endlessly, but losses can be complete. Take it easy, don’t get overly excited.
Rule 7: If you’ve exceeded your stop-loss, withdraw quickly. Stop-loss is always right, don’t be afraid.
Rule 8: Short-term and long-term strategies are not as good as securing profits. Safety first, profit second.
Rule 9: There’s a rule in the market, extremes will reverse. Don’t chase highs, and don’t bottom-fish.
Rule 10: Don’t join the frenzy if there’s no market. Missing opportunities is common, just capturing a few is enough.
Rule 11: Waiting for opportunities is a hundred times better than seeking them. Patience pays off; opportunities will come.
Rule 12: Earn a little every day and leave, don’t get too attached. Your energy is limited, don’t wear yourself out.
Rule 13: Stop-loss depends on yourself, profits depend on the market. Don’t complain, don’t fantasize.
Rule 14: Making money comes from waiting, not frequent trading. Patience, patience, and more patience.
Rule 15: Mindset determines success or failure, don’t let desire cloud your judgment. Stick to your strategy and follow through.
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