Tell beginners: The 28 most profitable secrets in the cryptocurrency world!
Better miss than err. Safety first.
The main reason most cryptocurrency enthusiasts lose money is that they don't know how to play with certain coins. Altcoins, 'chives' coins, and 'pig slaughter' coins are primarily for shorting, while mainstream coins like Bitcoin, Ethereum, XRP, and BNB are primarily for going long. The money made from shorting altcoins can be reinvested in Bitcoin, creating a cycle of ups and downs. This is the principle of the stock market and the cryptocurrency market, reflecting the 80/20 rule in any industry. Valuable assets will become more valuable, while worthless ones will drop to zero. Money flows to those who already have it, and coins flow to those who already have them. The hardship is left to those who can endure it, while liquidation often happens to those who frequently face liquidation.
Short altcoins, go long on mainstream coins, and the path becomes clearer.
