1. The upward trend begins, don’t panic or be afraid: Once the price starts to rush up, this momentum usually won’t disappear all at once. So when you encounter a big price drop in the early stage, don’t scare yourself, you must have the courage to enter the market. But don’t be too greedy and always think about waiting for the price to be lower, otherwise you may watch the opportunity slip away and miss it all the way.
2. Bull market volatility, position control: In a bull market, the market is like a roller coaster, up and down and changing rapidly. If you have room in your position, then wait patiently for a good time for the price to fall back, and add to your position as soon as you see it. However, don't trade frequently in a hurry, otherwise your mentality will collapse and your profits will be gone.
3. Diversify investment and avoid risks: When trading cryptocurrencies, don’t put all your eggs in one basket, but spread your money to several important sectors. In this way, even if a certain sector does not move for a while, it will not drag down the overall returns. Of course, how to divide it specifically depends on how much risk you can bear and the market situation.
4. Choose a currency and stick to it: Once you buy a currency you like, you must be patient and don’t be scared by short-term price fluctuations and sell it quickly. You must know that in a bull market, every currency has its time to shine, as long as you can hold on to it firmly, the opportunity to make money will come sooner or later.
5. Disagreements emerge, opportunities hide: When people in the market have different opinions, opportunities may quietly emerge. A coin that many people are criticizing may have a big surprise hidden behind it. On the other hand, if everyone unanimously applauds, risks may be coming.
6. Short-term investment is better than long-term investment: When trading cryptocurrencies, try not to always think about buying low and selling high in a short period of time to make a profit. Why? Because it is very likely that you will find that the price will rise as soon as you sell it, and you will never have a chance to buy it again. Therefore, long-term holding can often make the income more stable.
7. Keep calm and wait for good news: In a bull market, price corrections are common. But as long as you don’t hold worthless coins and have enough patience, even ordinary coins may bring you five or ten times the return in this bull market. Therefore, you must be patient and wait for the market wave to bring wealth to you. #比特币冲向11万? #BTC再创新高 #币安HODLer空投CAT、PENGU