🚀 After 8 years in the crypto world, I've learned 16 painful lessons!
Brothers, after 8 years of struggles in the crypto space, I've paid countless tuition fees to understand these principles. I'm sharing them with you to help you avoid detours:
1️⃣ In a bull market, dare to invest in altcoins, while in a bear market, stick with BTC; this is the safest combination.
2️⃣ When the price suddenly surges at the bottom, it’s mostly the main players entering the market, so keep a close watch and don’t miss the entry point.
3️⃣ Coins on an upward trend present opportunities to buy low every time they hit crucial moving averages.
4️⃣ Don’t stare at your trades every day; capturing a few major market movements in a year is enough to reap benefits.
5️⃣ Never go all in; keep some cash on hand for emergencies, as this is the prerequisite for survival.
6️⃣ For losing coins, don’t stubbornly hold on; don’t average down either; cutting losses gives you a chance to recover.
7️⃣ Just check the news; don’t rush in at the first sign of movement and wait for someone else to take over your position.
8️⃣ Don’t randomly play in unfamiliar markets; stick to what you know to understand how to act.
9️⃣ The market deceives people every day; if it rises, you panic; if it falls, you fear. Stay calm to make the right choices.
🔟 If there are too many altcoin pumps, it’s time to run; don’t think it will rise endlessly; the market never spoils you.
1️⃣1️⃣ When everyone is bragging, it’s when risks are at their peak; remember: avoid crowded places.
1️⃣2️⃣ Learn to stay in cash; if there are no opportunities, wait patiently; don’t make random trades and pay more tuition.
1️⃣3️⃣ By the time a hot trend appears, it’s usually too late; entering then often means becoming a bag holder.
1️⃣4️⃣ Establish your own trading rules; don’t trade based on emotions; sticking to your plan is key to consistent profits.
1️⃣5️⃣ Investing is not a sprint; it’s a marathon; with a steady mindset, you can laugh until the end.
1️⃣6️⃣ Most people in the crypto space lose money, so always use spare cash; this way, your mentality won’t collapse.
These experiences were bought with real money, not just theories, but hard-learned lessons. There are many opportunities in the crypto space, but remember: only by surviving can you qualify to talk about making money.
Daily Focus: RED SOMI HFI HIFI ALPINE
