In a bull market, you must know the steps of speculating in cryptocurrencies;
First, get to know them first
For new cryptocurrencies that have just been launched, whether you buy them or not, I will look at the fundamentals.
Second, understand how much they are worth
This is the most important and most difficult thing in speculating in cryptocurrencies. Because cryptocurrencies are a special commodity, they are always fluctuating in price and value. Unlike things in supermarkets, they rarely change in a few years.
Third, buy and sell at the right time
The best time to buy must be when others are unwilling, afraid, or don’t know how to buy. If it doesn’t appear, then go play ball, read a book, or drink coffee.
The best opportunity to sell must be when everyone is rushing to buy. If you don’t know this opportunity, you can start selling after the rise, and lighten your position when the rise is more than three points. Be sure not to buy immediately after selling, but wait until the next best buying opportunity appears before buying.