Having been in the cryptocurrency trading field for 5 to 6 years, while I do not dare to boast about other things, I have indeed accumulated a wealth of experience, encountering all sorts of situations along the way. Throughout this process, I have deeply understood the extraordinary significance of learning; one could say that learning continues throughout life. I am sharing my insights in hopes of assisting fellow cryptocurrency enthusiasts.
1. Once a rising market starts, it usually won't stop easily. Therefore, when encountering a significant pullback in the early stages, do not be fearful; instead, be bold to enter the market. The most troublesome situation is to miss the opportunity by trying to wait for a lower price, only to watch the price rise continuously and ultimately miss out on the entire bull market.
2. Price spike phenomena often occur during a bull market. If your position is not yet fully allocated, it is advisable to wait for a pullback and then decisively invest to fill your position. After all, frequent price spike fluctuations can be difficult for most investors to handle psychologically, making it easy to make wrong decisions.
3. Position management is crucial. The ideal strategy is to allocate across several key sectors. If all funds are concentrated in a single sector, and that sector stagnates while others continue to rise, it can be very torturous. If one chooses to chase other sectors during this time, it is often easy to get stuck in a losing position; conversely, if one sells off non-performing sectors, they might soon see a significant rise. Many investors have found themselves in such predicaments. Therefore, either refrain from investing altogether or once you buy, hold firmly to your belief; with patience, there will always be opportunities for the coins you hold to rise. It is important to remember that even the relatively poor-performing coins can achieve fivefold or tenfold increases during a bull market.
4. Market trends continuously rise amidst disagreements. When everyone criticizes a certain coin or sector, there are often hidden investment opportunities; conversely, when the market uniformly favors a certain direction, it may conceal risks, as the saying goes, 'prosperity leads to decline.'
5. Do not always attempt to achieve high sell-low buy through short-term trading. Practice has shown that once you exit midway, it is often difficult to re-enter at the right price. Frequent short-term operations may ultimately yield far less profit than those who hold their positions steady.
6. Whenever the market pulls back, panic emotions will spread, and everyone will scream that the bull market has ended. In fact, a bull market usually goes through at least three or four major pullbacks before it truly comes to an end. Thus, there is no need to panic in the face of a pullback; one should have a long-term investment perspective. As long as the coins you hold are not worthless junk and you can hold them firmly, the next coin that experiences explosive growth may very well be the one in your hands.
