If you want to make a profit in the cryptocurrency circle, remember these 5 tips.
1. Buy low and sell high, patience is the key. Simply put, buy in a bear market and sell in a bull market. A bull market lasts about half a year to a year, while a bear market may last one to two years. There is a bull-bear cycle every three to four years. Grasp the opportunity and it is possible to earn at least 50% profit in each bull market, which is much higher than other investments.
2. Select value coins, wait patiently, select coins with real prospects, and then enter the market when the price is the lowest, waiting for the value to rise.
3. Focus on the mainstream Bitcoin and Ethereum are evergreens in the cryptocurrency circle. Start in the bull market and sell in the bear market, and you can get at least 50% profit. In addition, some trading platform coins and strong basic chains, as well as coins with strong consensus, are all worthy investment options.
4. Sell 50% in the middle of the bull market, set a moving stop profit at the end of the bull market, and sell when the market starts to decline. Don't have unrealistic expectations.
5. Keep a clear head and avoid following the crowd. Although there are many opportunities in the bull market, especially when the altcoins are soaring, it is important to stay calm and not have the fantasy of getting rich overnight. For altcoins, heavy investment is extremely risky. It is okay to play with small funds, but don't bet everything on one throw. The most important point is to always protect your principal. Stop loss in time when the market is unstable and wait patiently for the next opportunity. Remember, in the currency circle, fund security is the most important.
The big bull market is coming soon. I plan to layout some tokens that are about to usher in good news, and also look for some currencies with long-term potential to hold until the end of the year. Friends who have positions can join my chat room to get my latest strategies and detailed points! Chat room entrance → 暴富之路
You can also click the three dots in the upper right corner of the contract → Chat room → Search room ID (33765558) to enter the chat room.
