The bull market is here! How to seize this wave of wealth opportunities? These 6 practical rules will help you easily outperform the market!
Having been in the crypto space for many years, I've seen too many people miss great opportunities during a bull market. Some hesitate and dare not enter the market, some frequently trade and miss out on the big rises, and others panic and sell during pullbacks. Today, I want to share 6 gold rules validated by the market to help you avoid these pitfalls and steadily capture the benefits of the bull market!
1. Don’t wait for the lowest point; dare to get on board when the bull market starts!
Once a bull market starts, the trend cannot be stopped! The initial drop is not a risk, but an opportunity to make money. Many people always want to buy at the very bottom, but end up waiting and waiting, missing the entire opportunity. Remember: when the trend comes, get on board first!
2. A sharp drop is just a money-making opportunity; don’t be scared, go all in!
In a bull market, there are often sudden sharp drops for liquidation, but they quickly rebound violently. At this time, don’t be afraid; if it drops, dare to buy! Those who hesitate often watch the price soar while they miss out and regret it.
3. Don’t go all in on one coin; diversifying your bets ensures a win!
Don’t put all your money into one coin; allocate some to mainstream coins and potential coins. Many people like to chase rising coins and sell falling ones, only to end up losing on everything they buy and missing out on everything they sell. As long as it’s not a junk coin, holding it can yield at least 5-10 times during a bull market!
4. Be greedy when others are fearful, and retreat when others are crazy!
When everyone is criticizing a certain coin, it’s often a bottom-buying opportunity; when everyone is crazily shouting “to the moon,” it’s time to be cautious. Profits are always made by a minority, so learn to think reversely!
5. Don’t fumble around; long-term holding is the most rewarding!
Playing short-term in a bull market can easily lead to selling off great coins! Those who really make big money are the ones who hold onto quality coins. Frequent trading equals working for the exchanges, while long-term holding equals a lazy profit of 10 times or more!
6. Don’t panic during pullbacks; a sharp drop is an opportunity to add to your position!
A bull market cannot rise continuously; there will be at least 3-4 major pullbacks in between. Every time there is a sharp drop, someone shouts “the bull market is over,” but in the end, it goes even higher. Hold onto good coins; don’t get shaken out, and turning spot investments into dozens of times is not a dream!
The bull market doesn’t wait for anyone; if you don’t position yourself now, you can only watch helplessly during the surge!
