I am in the cryptocurrency circle and share some experiences.
There are a few suggestions in the cryptocurrency circle that you should remember:
1. Don't change coins easily: the coins in your hands will have a chance sooner or later, so don't keep changing them.
2. Don't touch the coins that everyone is hyping: when everyone is talking about a certain coin, it is usually close to the peak. The bull market can still turn around, but the bear market is hard to say.
3. Don't believe others' skyrocketing coins: whoever says that there are coins that can increase by a hundred times or a thousand times is either a fool or a liar. Even if there is, can you bear not to sell it?
4. Don't touch contracts in a bull market: playing contracts, the probability of surviving until the end of the bull market is not high.
5. Stay calm when others are crazy: when FOMO (Fear Of Missing Out) occurs, you have to soberly assess the risks and benefits, and protecting the principal is important.
6. Contract indicators are unreliable: in bull and bear markets, technical indicators often fail, and the so-called winning rate indicators are just traps set by dealers.
7. Believe in your choice: the coins that survived the bear market will definitely rise in the bull market.
8. Fund management: If your funds exceed 300,000, don't touch the contract, it is safer to hold mainstream coins; if you have less funds, you can take the risk of investing in altcoins.
9. Go with the flow: the currency circle is falling or fluctuating most of the time, and only a small part of the time is rising, so be patient.
10. It is not safe to make money in the bull market: the real money is to successfully escape the top at the end of the bull market. When the bull market ends, assets may shrink significantly, and the bear market is even more terrifying, and assets may return to zero. Only 10% of people make money, all because of greed.
Remember these, your life in the currency circle will be better!
How much do you plan to make in this round of bull market?
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