Six truths of the cryptocurrency world:
1. Wealth accumulation: The wealth of the cryptocurrency world is often concentrated in a short peak period. Most of the time, it is waiting for opportunities, and it is not wise to operate with a full position. Newbies tend to rush to enter the market, afraid of missing the market, but remember that waiting itself is an investment strategy.
2. Stop profit and stop loss: The key in trading is not to buy, but when to sell. Strictly set the stop profit and stop loss points, and only those who can sell are real masters.
3. Beware of following the trend: When you hear that others have made money with a certain coin, don't blindly follow the trend. When the news reaches your ears, it is often at a high level, and the risk of rash entry is huge.
4. Rational investment: Don't have blind faith in any coin, and leave the market in time when you make money. Recognize the trend and wait quietly for the next opportunity. The cryptocurrency world is about who can live longer.
5. Treat it rationally: Don't fantasize about getting rich overnight. The probability of this is extremely low. What you can earn is always the money within your cognitive range.
6. Risk management: Investment is risky, so be cautious. Don't bet everything on it. Leave yourself a way out before entering this circle.