Cryptocurrency's iron rules, keep them in mind, and wealth will naturally come!
First, for those cryptocurrencies with complex situations and unclear prospects, do not easily get involved. Trading cryptocurrencies is like picking persimmons; the soft ones are easier to squeeze. Only by choosing clear cryptocurrencies can one progress steadily.
Second, do not invest all your funds in a single cryptocurrency at once, even if you are full of confidence in it. The market changes rapidly, and the future is hard to predict. Buying in batches can reduce risk and ensure steady profits.
Third, for cryptocurrencies that are not in an upward trajectory, it is advisable to pay less attention. Do not follow the main force to build positions; retail investors have limited time and energy and should focus on valuable investments.
Fourth, do not fantasize about making big money through frequent short-term operations. Frequent buying and selling will only lead to heavy losses, while the exchanges will happily accept the profits. Also, do not purchase too many cryptocurrencies; it is best to keep it within 10, or you will find it hard to manage. Remember, too much chewing leads to a lack of focus, and concentration is the key to victory.
Fifth, a low price or significant drop is not a reason to buy. The price may continue to fall, so it is essential to remain calm and not be deceived by low prices.
Sixth, a high price or significant increase is also not a reason to refuse to buy or sell. The market is always full of uncertainties, and the price may continue to rise.