If you want to win in the currency market, remember these 5 tips.
1. Buy low and sell high, patience is the key. Simply put, buy in a bear market and sell in a bull market. The bull market lasts about half a year to a year, while the bear market may last one to two years. There is a cycle of bull and bear replacement about every three to four years. Grasp the opportunity and it is possible to earn at least 50% profit in each bull market, which is much higher than other investments.
2. Select value coins, wait patiently, select truly promising coins, and then enter the market when the price is the lowest, waiting for the value to rise.
3. Focus on the mainstream Bitcoin and Ethereum are evergreens in the currency circle. Start in the bull market and sell in the bear market, and you can get at least 50% profit. In addition, some trading platform coins and strong basic chains, as well as coins with strong consensus, are all worthy investment options.
4. Sell 50% in the middle of the bull market, set a moving stop profit at the end of the bull market, and once the market starts to decline, you must sell it, don't have unrealistic expectations.
5. Keep a clear head and avoid following the crowd. Although there are many opportunities in the bull market, especially when the altcoins are soaring, it is important to stay calm and not have the fantasy of getting rich overnight. For altcoins, heavy investment is extremely risky. It is okay to play with small funds, but don't bet everything on one throw. The most important point is to always protect your principal. Stop loss in time when the market is unstable and wait patiently for the next opportunity. Remember, in the currency market, the safety of funds is the most important.
As an investor who has been working in the currency circle for many years, I am willing to share my experience and insights with you. If you are interested in the currency circle, but don't know how to start, you might as well follow me and we will explore the mysteries of the currency circle and the possibilities of the future.
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