After nearly 8 years of ups and downs in the cryptocurrency market, I have summarized a lot of operational experience and found that there is only one method to make steady profits: buy in bear markets, sell in bull markets. ⚠️ Be sure to read it all. It will help anyone!
Here are five key points to help you stabilize in the cryptocurrency market:
One, buy new not old, try to layout at the bottom.
1. Strategy: Patiently wait for new valuable cryptocurrencies to emerge and layout when prices are relatively low, waiting for the market to rebound. While it's impossible to buy at the true bottom, aim to get as close as possible.
Two, only buy mainstream coins.
1. Recommended coins:
BTC, ETH, BNB, SOL are long-term kings in the cryptocurrency market, buy in bear markets, sell in bull markets, with stable and considerable gains.
Exchange platform tokens: Such as BNB, which usually have better development prospects.
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Strong consensus coins: Such as Dogecoin (DOGE), SHIB.
2. Heavy Investment Strategy: Always only heavily invest in mainstream coins, never in altcoins. Altcoins are highly volatile, making it difficult to predict rises and falls, thus carrying higher risks.
Three, sell during the mid-bull market, and do not operate afterwards.
Market Stages:
1️⃣ Early Bull Market: BTC slowly rises, driving ETH and some mainstream coins.
2️⃣ Mid Bull Market: BTC and ETH fluctuate upwards, mainstream coins gain momentum, and altcoins begin to start.
3️⃣ Late Bull Market: BTC fluctuates downwards, ETH peaks, mainstream coins and altcoins surge.
4️⃣ End of Bull Market: BTC declines sharply, the market ends the bull market.
⚠️ Operation Strategy: Sell all cryptocurrencies during the mid-bull market, no longer participate in subsequent operations, to avoid a crash at the end of the bull market.
Four, don't gamble during the bull market.
⚠️ Risk Warning:
1️⃣ Bull Market Temptation: In the mid and late bull market, altcoins often surge, but heavy investment is not recommended.
2️⃣ Small-scale Experimentation: If you can't resist the temptation, you can play with a very small amount of funds, but never invest heavily.
3️⃣ Avoid Gambling: Heavily investing in altcoins is gambling, luck is not sustainable, and it can lead to significant losses.
Five, principal is always the most important.
1️⃣ Protect Principal:
Timely Stop Loss: If you make a mistake and get stuck, stop loss promptly to preserve your principal.
2️⃣ Avoid Accompanying Death: When the cryptocurrency market crashes, preserve most of your principal and wait for new opportunities, rather than holding on until the end.
3️⃣ Make a Comeback: Preserve your principal, restructure during the bear market low, and wait for the next bull market.
Summary: Through these five key points, you can operate more steadily in the cryptocurrency market, avoid unnecessary losses, and gradually accumulate wealth.
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