After experiencing years of ups and downs in the cryptocurrency world, I have summarized many operational experiences and found that there is only one method to steadily make money: Buy in bear markets, sell in bull markets.
1. Buy new coins, not old ones; try to position at the bottom.
1. Strategy: Patiently wait for new valuable coins to appear and position when the price is relatively low, waiting for the market to recover. While it's impossible to buy at the absolute bottom, getting as close to it as possible is key.
2. Only buy mainstream coins.
1. Recommended coins:
BTC, ETH, BNB, SOL - the long-term kings of the cryptocurrency world, buy in bear markets, sell in bull markets, with stable and considerable gains.
Exchange platform coins: such as BNB, which usually have good development prospects.
Meme sector: bome, floki, pepe, people.
Strong consensus coins: such as Dogecoin (DOGE), SHIB.
2. Heavy investment strategy: Always only heavily invest in mainstream coins, not in altcoins. Altcoins are highly volatile, making it difficult to grasp their ups and downs, resulting in higher risks.
3. Sell in the middle of the bull market, and do not operate afterwards.
Market phases:
1️⃣ Early bull market: BTC gradually rises, driving ETH and some mainstream coins.
2️⃣ Mid-bull market: BTC and ETH fluctuate upwards, mainstream coins gain momentum, and altcoins begin to activate.
3️⃣ Late bull market: BTC fluctuates downwards, ETH peaks, mainstream and altcoins surge.
4️⃣ End of the bull market: BTC drops sharply, ending the bull market.
⚠️ Operational strategy: Sell all coins in the middle of the bull market and do not participate in subsequent operations to avoid a sharp drop at the end of the bull market.
4. Do not gamble during a bull market.
⚠️ Risk warning:
1️⃣ Temptation of bull markets: In the mid to late bull market, altcoins frequently surge, but heavy investment is not recommended.
2️⃣ Small-scale attempts: If you really can't resist temptation, you can play with a very small amount of funds, but never heavily invest.
3️⃣ Avoid gambling: Heavily investing in altcoins is akin to gambling; luck is not sustainable and can lead to significant losses.
5. Capital is always the most important.
1️⃣ Protecting capital:
Timely stop-loss: If operational mistakes trap you, stop-loss in time to protect your capital.
2️⃣ Avoiding being buried: When the cryptocurrency market crashes, preserve most of your capital and wait for new opportunities instead of holding on until the end.
3️⃣ Comeback: Protect your capital and reallocate during the lows of the bear market, waiting for the next bull market.
Summary: By following these five key points, you can operate more steadily in the cryptocurrency world, avoid unnecessary losses, and gradually accumulate wealth.
