Why do we say that those who buy cryptocurrencies are apprentices, those who sell are masters, and those who hold cash are the grandmasters!
Based on experience in the cryptocurrency world, here are some summarized buying and selling methods, organized as follows, hoping to help you!
1. Those who can buy are apprentices
Regardless of a bull or bear market, 50% of the positions should be in BTC and ETH, while the remaining 50% should be used to seize big opportunities.
When the market turns bullish, many altcoins are available at a 90% discount, or even 99% off. At this time, it's a good chance to buy some promising altcoins with strong consensus and wait for the bull market to arrive.
During a bull market, various hotspots emerge, such as artificial intelligence, GameFi, RWA, public chains, and platform token sectors. You can participate in the hype with a small amount of capital, and after making several times your investment, take profits in time and convert everything into BTC and ETH. It's crucial to distinguish between what it means to 'get by' and what it means to 'just play around'.
2. Those who can sell are masters
Never think that you can sell at the highest point; only in hindsight do we know where the highest point is. Two reliable selling methods are: target profit-taking method and technical indicators method.