Having experienced nearly 8 years of ups and downs in the cryptocurrency world, I have summarized a lot of operational experience and found that there is only one method to make steady profits: Buy during bear markets and sell during bull markets. ⚠️ Be sure to read this to the end. It will help anyone!
Here are five key points to help you navigate the cryptocurrency market steadily:
1. Buy new coins, not old ones, and try to position at the bottom.
1. Strategy: Patiently wait for new valuable coins to emerge and position yourself when prices are relatively low, waiting for the market to recover. While it's impossible to buy at the absolute bottom, try to get as close as possible.
2. Only buy mainstream coins.
1. Recommended coins:
BTC, ETH, BNB, SOL - the long-term kings of the cryptocurrency world; buy during bear markets and sell during bull markets for stable and considerable returns.
Exchange platform tokens: such as BNB, usually have good development prospects.
Meme coins: Bome, Floki, Pepe, People.
Strong consensus coins: such as Dogecoin (DOGE), SHIB.
2. Heavy investment strategy: Always invest heavily in mainstream coins, not in altcoins. Altcoins are highly volatile, making it difficult to grasp price movements and carry higher risks.
3. Sell in the mid-bull market, and do not operate afterward.
Market stages:
1️⃣ Early bull market: BTC slowly rises, driving ETH and some mainstream coins.
2️⃣ Mid-bull market: BTC and ETH fluctuate upward, mainstream coins gain strength, and altcoins begin to rally.
3️⃣ Late bull market: BTC fluctuates downward, ETH peaks, and both mainstream and altcoins surge.
4️⃣ End of the bull market: BTC drops significantly, and the market ends the bull run.
4. Do not gamble during a bull market.
1️⃣ Bull market temptation: In the mid and late bull market, altcoins frequently surge, but heavy investment is not recommended.
2️⃣ Small attempts: If you can't resist the temptation, you can play around with a very small amount of money, but never invest heavily.
3️⃣ Avoid gambling: Heavily investing in altcoins is like gambling; luck is not sustainable and can lead to significant losses.
5. Capital is always the most important.
1️⃣ Protect your capital:
Timely stop-loss: If you make a mistake and get caught, stop-loss promptly to preserve your capital.
2️⃣ Avoid being buried: When the cryptocurrency market crashes, preserve most of your capital and wait for new opportunities rather than holding on until the end.
3️⃣ Make a comeback: Protect your capital and reposition yourself during the lows of a bear market, waiting for the next bull market.
