How to judge the potential of a coin?
Exclusion screening:
1. Founder background: avoid Chinese projects, founders with insufficient financial strength, bad records or a history of cutting leeks.
2. Project authenticity: eliminate exaggerations, copycat projects or frequently changing concepts, especially those that claim to surpass ETH and BTC but have no actual progress.
3. Community atmosphere: be wary of currencies that are fanatically praised in the group and frequently distribute small returns. It is usually wiser to operate in the opposite direction of retail investors.
4. Long-term performance: avoid buying currencies that have been falling for a long time and have no signs of rebound. Such currencies often have lost the support of the dealers, and retail investors are killing each other.
Probability investment:
1. Platform recognition: give priority to currencies that have been listed on well-known exchanges such as Binance, Oui, and Coinbase. These projects have been screened and are relatively reliable with high costs.
2. Price and market value: focus on currencies with prices at the 0.0000 level and market values between tens of millions and 500 million, which may have great potential.
3. Nationality of founders: prefer projects with foreign founders to reduce the risks brought by regional bias.
4. Market heat: choose currencies that have not been hyped and promoted in the early stage to avoid bubbles.
5. Diversified investment: select a few in the Binance market value ranking, invest a small amount, and you may get rich returns in the bull market
Strategy for selecting coins in a falling market:
1. Anti-falling: Prefer coins that are resistant to falling in callbacks. Such coins usually have strong fundamentals.
2. Grand narrative theme: In the mid-term of the bull market, pay attention to coins with grand narrative themes, such as the second-layer network, Sol ecology, Atom ecology, AI sector, etc., which can often lead the market to pull up.
Investment mentality suggestions:
Spot and long-term: For spot, especially long-term, callbacks should be regarded as opportunities to increase positions and remain optimistic.
Buy in batches: Whether it is left-side trading or right-side trading, buying in batches is an effective strategy to reduce risks. The key lies in courage and patience.
Want to make money!
First of all, we must recognize the situation and ourselves.
The purpose of coming to this circle is to change your life. Please build a complete plan for yourself. When to buy? When to sell? What to buy, what is the strategy? How to do risk control?