"Cryptocurrency Survival Rules: Understand 'Rapid Rise and Slow Fall', and You Can Avoid 90% of the Pitfalls!
Why do prices rise sharply and fall slowly?
The big players pump the market like fireworks, it goes up with a 'bang'. For example, Bitcoin can rise from 60,000 to 70,000 in two days, and some small coins can double in a day. This is not a natural market rise; it’s the big players forcing it up with money.
Why do they rush to pump?
It’s to make you anxious! Watching the price soar, you’ll fear missing out, and in a moment of excitement, you jump in to buy. Once you’ve bought, the big players start selling slowly.
Why does it take so long to fall?
The big players need to unload their holdings; they can't sell everything at once, or the price will collapse.
So they:
1. Let it drop a bit first, making you think it's a normal correction
2. Then create a small rebound, giving you hope
3. Then slowly let it decline for months
This way, you always feel like you can break even, but end up getting stuck deeper.
How to avoid being cut?
When prices rise:
Don’t rush to chase, wait for a correction
Take profits when you have them, don’t be greedy
When prices fall:
Run if it breaks important support lines
Don’t cling to altcoins with bad trends
Remember:
The big players exploit human greed and fear. They make you greedy when prices rise, and fearful when they fall. See through this, and you can lose less money. In this market, surviving longer makes you the winner!
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