Livermore's Eight Trading Principles are equally applicable in the cryptocurrency market:

1. Reverse Thinking: Negative news (FUD) often hides opportunities;

2. Go with the Trend: Lurking in a bear market, actively operating in a bull market;

3. Focus on Leaders: Prioritize investments in top market cryptocurrencies;

4. Build Positions Gradually: Can moderately increase positions in an upward trend;

5. Rational Restraint: Avoid emotional and gambling-like trading;

6. Patient Waiting: Only act on quality opportunities;

7. Trend Judgement: Make decisions based on the direction of least resistance;

8. Decisive Stop Loss: Identify trend reversals and promptly take profits or cut losses to preserve capital.