Don't be a victim in the crypto space anymore! 8 Immutable Rules of the Crypto World, if newcomers don’t understand them, it's like giving away money!
Don't say no one warned you, in this fast-money-making game, every bit of profit comes from someone else's 'lesson fee'. If you want to survive in the crypto world, live long, and still make money, you must understand these 8 immutable rules:
1. Give up the 'get-rich-quick dream', you are not the next Satoshi Nakamoto!
Every day, someone fantasizes about hitting it big to achieve financial freedom, but the reality is that if you go all-in, you end up completely free—totally free. Those who make money never rely on a single bet for their fate, but rather on recognizing 'stability'.
2. Small amounts, multiple times, diversify your investments, don’t be an all-in gambler!
Don’t fantasize about changing your fate with a single move; real experts are stable 'ants moving houses'. Diversifying risk means surviving to have the next opportunity.
3. Even if you earn 20,000 a month, don't get carried away; every transaction should be approached with caution!
Many people get carried away after making a little profit, only to find the market teaches them a lesson. Be low-key when making money; it’s only when you’re losing that you can endure.
4. Operations must include stop-loss orders, not setting stop-loss is equivalent to risking your life!
Don’t tell yourself stories; 'if it drops, I’ll average down' is self-destructive behavior. Setting a stop-loss is telling yourself: I’m not gambling with my life; I’m trading.
5. Want to see a surge right after buying? You need to set a good foundation first.
Good coins rely on time to settle. Constantly watching the markets with an anxious heart will only lead to buying high and selling low, ultimately leading to your own demise.
6. Behind every profit, there’s a version of you that got liquidated.
This is a zero-sum market; every cent you earn is someone else’s loss. Understanding this will prevent you from being soft-hearted or greedy.
7. Use 'spare money' to enter the market, then your mindset can be strong.
Using living expenses to gamble? That’s not investing; that’s going to the gallows. Playing with spare money means that losing hurts, but winning gives you the chance to increase your position.
8. Coins that have dropped so low that even your mother wouldn't recognize them, don’t touch them; there’s no miracle.
Coins that have plummeted three or four times usually have rotten fundamentals; continuing to hope for a turnaround means waiting to be harvested again.