Survival Rules in the Crypto World, A Must-Read for New and Old Investors!
1. Hold Coins First, Less Fuss: Do not frequently switch coins; fortunes ebb and flow, and sooner or later it will be your coin's turn.
2. Stay Away from Public Opinion Trends: When everyone is talking about a particular coin, it often means it is close to its peak. A bull market can return, but a bear market may not.
3. Don't Believe in Hundredfold Myths: The so-called hundredfold or thousandfold coins are either scams or traps. If you do encounter one, you must endure long-term loneliness; otherwise, you might run away after a 20% increase in a day.
4. Be Rational and Restrained, Don't Blindly FOMO: Assess risks and returns; if the risk is greater than the return, decisively give up. Preserving capital is key to having the opportunity to overtake in a curve.
5. Stay Away from Contracts in a Bull Market: Frequent fluctuations can drive you crazy; the so-called 'winning rate indicators' are just tricks by the market makers, and once you reverse positions, you're not far from liquidation.
6. Believe in Quality Coins: As long as you can survive the bear market, the bull market will surely take off. A bull market is when 'all coins fly together'; the key is whether you can hold on.
7. Different Funds, Different Strategies: With funds over 100,000, do not touch contracts; honestly accumulate mainstream leading coins, a tenfold increase is normal. With less than 100,000, you can gamble on altcoins; during the peak of a bull market, it is possible to double in a day.
8. Go with the Flow, Be Patient: 90% of the time in the crypto world is spent falling or consolidating; real surges only happen 10% of the time. Don't fear prolonged declines; it can recover in just one day.
9. The Bull Market's Tail is the Test: Making money in a bull market doesn’t count as real profit; being able to smoothly escape at the end of the bull market is what counts as preserving your gains. Once a bull market ends, assets can be halved in an instant, and a bear market can shrink your wealth by 90%. In the end, only that 10% who can control their greed will make money.
