After 10 years of trading, I have compiled the 'Five Major Investment Rules + Ten Trading Guidelines + Stable Investment Plan' in the crypto space through real money and experience. Whether you are a novice or an experienced trader, understanding the essence of these rules will surely help you in your future trading. Five Major Investment Rules:
1. Consider and observe projects from multiple perspectives. Do not follow the crowd blindly. There have been many fraudulent projects in the crypto space, and if the founder runs away, it is impossible to hold them legally accountable.
2. Understand blockchain-related knowledge and know the industry pain points that blockchain solves before entering the crypto space.
3. For any project you wish to invest in, make sure to understand it comprehensively. Determine whether the project truly uses blockchain technology, whether the founder has disclosed their identity and verified background, whether the project's business logic is closely linked to the token, and whether there are similar projects in the same industry that are addressing industry pain points. If the project is successfully implemented, evaluate its potential for profitability in real life.
4. If you cannot accurately assess the future prospects of a cryptocurrency, do not invest more than 20% of your assets in blockchain investments, and do not put all your eggs in one basket.
5. Quality projects will also experience fluctuations. Maintain a calm mindset. For the projects you believe in, do not worry too much about the price in the short term. Pay attention to whether the team's development progress aligns with the white paper. Additionally, only holding for the long term will ultimately yield greater returns.
