If you plan to trade in the cryptocurrency market for a long time and make money, you must remember the following eight principles, or you will eventually be consumed by the market.

1. Always stay calm and be a rational investor

The volatility in the cryptocurrency market is exceptionally intense, with daily fluctuations of 10% not being uncommon. If you cannot remain calm, you can easily be swayed by short-term fluctuations, ultimately leading to losses. Whether in a bull market or a bear market, rational investing is absolutely the cornerstone of success.

Remember: every significant rise and fall could be the market's "touchstone"; those who can remain rational and not follow their emotions will go further.

2. Set stop-losses, never gamble on fleeting luck

Many people want to make a fortune from the cryptocurrency market's gains, but investors who do not set stop-losses often end up suffering heavy losses. Stop-losses are not only a means to protect profits but also a strategy to avoid significant losses.

It is recommended to set a reasonable stop-loss point before opening a position. Regardless of the outcome, control your maximum acceptable loss risk so that you can stand firm in long-term operations.

3. Diversify investments to reduce single risks

Investing in the cryptocurrency market is full of uncertainty, and the failure of any single project can lead to total loss. Therefore, never put all your funds into one project. Diversify your investment portfolio reasonably, preferably choosing several promising mainstream coins and innovative projects, so that even if one project temporarily underperforms, you still have other "insurance"!

4. Follow the trend, do not go against it

The trend is your strongest ally. Market conditions cannot remain unchanged; periodic fluctuations will inevitably affect market sentiment. Familiarize yourself with and recognize the trend; going with the flow will allow you to accelerate. When you see a general bullish sentiment in the market, you can appropriately increase your position; when the market shows a clear downtrend, decisively reduce your position to control risks.

5. Focus on long-term value, do less short-term speculation

Although short-term fluctuations may seem profitable, most people who engage in short-term speculation are losers rather than winners. You must fundamentally recognize that both Bitcoin and other mainstream cryptocurrencies possess strong long-term value. When investing, keep your sights set on the long term, not just for short-term profits, but rather focus on projects that have significant advantages in technology, application, team, and other aspects.