9 Major Rules for Long-Term Profit in the Crypto Space

Simplicity is key, focus on your area

In a bull market, information can be overwhelming. Stick to areas you are good at, avoid blindly following trends, and focus on familiar assets and sectors.

Pay attention to trending topics

Market sentiment drives prices. Stay updated on hot sectors like Layer2, AI, and DeFi, and seize speculative opportunities.

Identify leading sectors

Leading coins have low risk and high potential. Once you identify them, decisively increase your holdings and follow mainstream trends.

Experiment with new coins and new strategies

New concepts can always ignite the market. Keep an eye on new projects in GameFi, SocialFi, etc., and participate with a reasonable distribution of assets.

Market corrections are opportunities

Corrections are common in bull markets. Don’t panic and sell at a loss; hold quality assets long-term and consider averaging down if necessary.

Change positions less, have more patience

Frequent trading can lead to losses. Once you select your targets, stick to your strategy and give it time to realize its value.

Filter reliable information

Information is key. Establish authoritative sources, and pay attention to official announcements and mainstream media.

Take profits in batches

It's easy to make money in a bull market but hard to keep it. Set targets and take profits in batches to secure your gains.

Leave some room for maneuver

After taking profits, leave a portion of your position to capitalize on a potential second surge in the market, avoiding missed opportunities.

Summary:

Focus on your sector, follow the trends, plan wisely, and seize the bull market.