After nearly 8 years of ups and downs in the cryptocurrency world, I have summarized a lot of operational experience and found that there is only one method to make stable profits: buy in a bear market and sell in a bull market. ⚠️ Make sure to read this completely. It will help anyone!
Here are five key points to help you operate steadily in the cryptocurrency world:
1. Buy new, not old; 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 is impossible to buy at the absolute bottom, aim to buy as close to the bottom as possible.
2. Only buy mainstream coins
1. Recommended coins:
BTC, ETH, BNB, SOL are the long-term kings of the cryptocurrency world, buy in a bear market, sell in a bull market, with stable and considerable gains.
Exchange platform coins: such as BNB, usually have good development prospects.
2. Heavy investment strategy: Always heavily invest in mainstream coins, never heavily invest in altcoins. Altcoins are highly volatile, making it difficult to gauge rises and falls, and carry higher risks.
3. Sell in the mid-bull market, no further operations afterwards
Market phases:
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 rise.
3️⃣ Late bull market: BTC fluctuates downwards, ETH surges, mainstream coins and altcoins skyrocket.
4️⃣ End of the bull market: BTC drops significantly, and the market concludes the bull market.
⚠️ Operation strategy: Sell all coins in the mid-bull market, and do not participate in subsequent operations, to avoid a crash at the end of the bull market.
4. Don't gamble on luck during a bull market
⚠️ Risk warning:
1️⃣ Bull market temptation: In the mid and late bull market, altcoins frequently surge, but heavy investment is not recommended.
2️⃣ Small attempts: If you really can't resist the temptation, you can play with a very small amount of funds, but never heavily invest.
5. Capital is always the most important
1️⃣ Protect capital:
Timely stop-loss: If a mistake is made and you get trapped, promptly execute a stop-loss to protect your capital.
2️⃣ Avoid going down with the ship: When the cryptocurrency market crashes, preserve the majority of your capital and wait for new opportunities, rather than holding on until the end.
3️⃣ Make a comeback: Protect your capital, reposition during the bear market low, and wait 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.
