🗣In my eight years of experience in the cryptocurrency market, I've learned several valuable lessons:
1. Avoid succumbing to the fear of missing out (FOMO).
2. Refrain from purchasing newly listed coins immediately; I experienced a rug pull with DODO.
3. Technical analysis may not always be reliable; market movements are often influenced by large investors (whales), while smaller investors (shrimps) have limited impact.
4. Maintain emotional control when making investment decisions.
5. Avoid locking assets into long-term commitments.
6. Diversify your portfolio, allocating 70% to top 20 coins and the remaining 30% to other altcoins and meme coins.
7. Focus on one trusted influencer for signals and avoid following multiple sources to prevent confusion.
8. Always reserve USDT for buying opportunities during market dips; avoid spending all USDT at once.
9. Seek coins with strong community distribution and teams holding less than 10% of total coins to mitigate the risk of price manipulation.
10. Lastly, refrain from investing your life savings in cryptocurrency, as its value can fluctuate drastically, lacking intrinsic backing.
