Hello everyone, I am Lao Xu

In this cryptocurrency space full of opportunities and risks, we need to stay vigilant at all times in order to survive and thrive. The following are ten guidelines designed to help us navigate this ever-changing market successfully. From avoiding altcoins to sticking to our beliefs, these guidelines will guide us to achieve results in the cryptocurrency world.

1. Keep your faith and hold on for the long term

In the cryptocurrency world, there are countless stories of people getting rich overnight. However, to become one of them, it is essential to hold high-quality cryptocurrencies for a long time. As long as the currency we choose has enough value, we must have enough confidence and patience and not sell it easily.

2. Learn blockchain knowledge in depth

Blockchain technology is the cornerstone of cryptocurrency, and understanding its principles is essential to making accurate judgments about digital currencies. Before investing, we should study blockchain technology in depth and fully understand its advantages and disadvantages so that we can make wise decisions during the investment process.

3. Actively promote and support the development of digital currency and blockchain technology

In addition to investment, we can also actively participate in the promotion and development of digital currency and blockchain technology. With the widespread application of these technologies, we will jointly shape a better future. At the same time, attracting more investors to enter this field will also help the prosperity and stability of the market.

4. Stay away from junk altcoins and junk platforms

As the name suggests, altcoins are virtual currencies that use high returns as bait but are actually of unknown origin and low quality. Junk platforms are trading venues that are poorly managed and have poor security. They are often targeted by hackers and may be shut down at any time, causing irreparable losses to investors. Therefore, before investing in digital currencies, it is important to fully investigate the project and platform to avoid unnecessary losses.

5. Protect your own capital and don’t chase the rise

In any investment market, chasing ups and downs is a taboo. In the cryptocurrency circle, there are many stories of being stuck at the top of the mountain and eating dirt every day. When prices rise rapidly, investors should remain calm and not chase the rise easily, so as not to be stuck at the top of the mountain. Patiently waiting for the right opportunity is the wisest way to survive in the cryptocurrency circle.

6. Use your spare money to trade cryptocurrencies, without loans or leverage

The price of cryptocurrencies fluctuates wildly and can soar or plummet at any time. If you use loans or leverage to invest, once the price drops, it may cause investors to lose everything. Therefore, you must use your spare money to speculate in cryptocurrencies and never borrow money. There is no shortage of opportunities to get rich quickly in the cryptocurrency world, so we must stay sober and not bet everything on the sake of temporary benefits.

7. Don’t read bad news or negative news in the group

In the cryptocurrency world, all kinds of news are flying around, including some negative news released by dog ​​dealers to scare investors. In the face of such news, we must remain vigilant and not be easily influenced by it. Trusting your own judgment and focusing on studying currencies and blockchain technology is the key to long-term survival.

8. There are many beautiful things in life that are worth spending time learning

While working hard in the cryptocurrency world, we should not ignore other good things in life. Only by constantly learning, growing, and enriching our lives can we keep a clear mind in the cryptocurrency world and avoid being overly addicted to it.

9. If you are stuck at a high position, please keep your faith and hold for a long time

In the cryptocurrency world, being stuck at a high position is a common phenomenon. When encountering this situation, we need to stick to our beliefs and believe in the long-term value of the currency we hold. At the same time, we need to continue to learn and improve our knowledge to deal with market fluctuations with a calmer attitude. Only by continuous learning and adaptation can we better face the ups and downs of the market.

10. Remember the first 9 rules

Finally, no matter when, we must keep in mind the following 10 principles and keep a clear head to cope with the challenges and opportunities in this cryptocurrency field full of opportunities and pitfalls, and achieve the goal of survival and development.

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