Survival rules in the cryptocurrency circle!
In Baiyi's opinion, the following 5 points are some rules that newcomers and even experts can benefit from all the time.
1. Keep the principal to seize the opportunity
It is recommended to play with spare money without affecting your life. The principal is your root. No matter how good the market is, you must control the risk and don't easily go all in and touch the contract. The market is very volatile and you can't play without the principal. When the bull market comes, you can only stare blankly.
2. Refuse to follow the trend and learn more to judge
The market changes quickly. Sometimes a piece of news will make the currency soar. You should learn more and study more to understand it yourself and don't follow blindly. Only when you truly understand the currency will you not be washed out in the turmoil.
3 Don't be greedy, stop when you see the profit
When the profit reaches your expectation, sell it decisively and put it in the bag. Don't be greedy. Many people wait for a while, but what they wait for is a halving and a retracement. The survival way of masters is to stop when you see the profit.
4. Control your position and invest steadily
Don't put all your eggs in one basket. Only by diversifying risks can you go long-term. Reasonable positions can cope with many changes in the market.
5 Patience is king, don't be led by the nose by the rise and fall
Don't be impatient because of the temporary rise and fall. The currency circle is volatile. Layout in the bear market and harvest in the bull market. If you want to live long in the currency circle, don't always think about getting rich. Steady progress is the kingly way.
Remember these 5 survival rules, and you can go further, more steadily and longer in this world.
