The ten iron laws of the cryptocurrency circle, newcomers should remember them!
1. Popular coins in the bull market fall the fastest
Those coins that are hyped up, especially those with serious market control, will burst quickly. The more people chase them, the more dangerous they are. Just like blowing a balloon, if it is blown up, it will inevitably burst.
2. The routines of altcoins are similar
The routine is generally to smash it first, then slowly pull it up, and continue to harvest in another way.
This is how altcoins are played, so you must be mentally prepared.
3. The long-term trend of the market is upward
If you look at it for a long time, the curve of the cryptocurrency circle is actually relatively stable. Short-term ups and downs are the norm, and the long-term trend is generally a slow rise.
4. No one hypes up coins with potential
The real potential coins are often unknown at the bottom, and few people mention them. Instead, those low-key coins quietly rise, such as C98 and LEVER.
5. Be careful with newly launched coins
Don’t touch the newly launched coins on the exchange that have skyrocketed or plummeted. This is basically a trap designed by the dealer. If you enter it, you will be cut.
6. Ups and downs are common
It will fall after you buy it, and it will rise after you sell it. This is too normal in the currency circle. If your mentality can’t withstand this fluctuation, you really need to practice hard.
7. The strongest rebound does not represent potential
The coins with the strongest rebound are often not potential, but speculative disks that have been hyped up. Don’t be confused by appearances. The fluctuations of coins with real potential are relatively stable.
8. Be careful of being cut by sudden callbacks
If you buy a coin and it rises a wave, and then suddenly pulls back, it may be that the dealer has started to ship. Be careful not to be cut.
9. Coins that explode in the second half
In the bull market, coins that performed generally in the early stage may explode several times in the second half. They are like marathon runners, who exert their strength in the later stage.
10. Coins that have been trading sideways for months may explode
In the bull market, some coins can still trade sideways for months after experiencing several times of growth. They are likely waiting for the next wave of explosion. You have to keep an eye on such coins.
If the operation is not smooth and you are confused, remember two things:
First, you must be strong in action and act decisively;
Second, stay online and respond to news in time!
If you want to grasp this round of bull market, it is definitely too late to learn and sell now.
It is best to have someone who can help you get started quickly.
I am Sister Hong, welcome to communicate
