After years of trading cryptocurrencies, I share the experience gained through real investment with you who are still on the journey:
1. Once the market starts, it won't easily end. The early severe pullbacks have only one purpose—to shake off the long leverage. Don't panic, keep your mindset steady.
2. You must do a good job in position allocation! It's best to diversify across several core sectors. If you put all your eggs in one basket and it remains stagnant while other sectors surge, it’s easy to lose your balance—buying in will trap you, selling will make you miss out. Either don’t buy, or if you do, hold on tight. In a bull market, even the worst coins have a 5-10 times opportunity, and it will eventually come around to you.
3. The market always rises amidst disagreements. When everyone is complaining, it might be an opportunity; when everyone is shouting to get on board, it often signals risk.
4. Don’t always think about short-term trading, constantly buying high and selling low. Once you get off the ride, it’s likely you won’t be able to get back on. After all the fuss, the returns might not even match those who held from the beginning to the end.
5. Every major drop, the market will shout 'the bull is gone.' But in fact, for a bull market to truly end, it must experience at least three or four major pullbacks. So don’t panic, keep a big picture perspective. As long as you can hold on (assuming it’s not a worthless coin), the worst case is still a 5-10 times return. After a full bull market cycle, achieving a 20-30 times increase really isn’t difficult.
