14 key points to know when trading in cryptocurrencies to help you get through the cryptocurrencies smoothly!

I have been in the cryptocurrencies for a long time and have accumulated some experience!

1. Blind confidence and hesitation: Blind confidence is the culprit of risk, and hesitation will miss precious opportunities.

2. If long-term holding is the cornerstone and short-term operation is the wave, then wave control is the bright pearl.

3. Never invest in full positions easily at any time, which will help you maintain a calm state of mind, and allow you to take the initiative to attack and retreat safely during operation.

4. Take the middle for profit, and let others take the lead.

5. If the operation is too frequent, it will inevitably cause heavy losses, indecision, and slowly lose the principal.

6. The mentality of trading cryptocurrencies ranks first, strategy second, and technology can only rank third.

7. The market is born in despair, grows in hesitation, and ends in madness.

8. Greed is an obstacle to profit. Greed and fear are taboos in investment.

9. Opportunities emerge from the decline. Cryptocurrency speculation focuses on the future, and cash dominates.

10. Buying relies on confidence, holding relies on patience, and selling requires determination.

11. There is no absolutely accurate indicator, only retail investors who have a half-understanding. Indicators are beneficial to those who are good at using them, but harmful to those who are ignorant.

12. If you don’t stop loss in cryptocurrency speculation, you will definitely lose a lot of money.

13. When others are afraid, we should be brave; when others are greedy, we should be vigilant.

14. Novices pay attention to prices, veterans pay attention to trading volume, and masters have insight into trends.

The current situation in the cryptocurrency circle is changeable, with opportunities and challenges coexisting.

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