Accurate summary of the experience and insights of two rounds of bull and bear markets !!! !!!
Get rich quickly by copycats, don’t be picky in a bull market, don’t believe in a bear market, don’t build positions on the left side,
Start with the mainstream first, and change to copycats with the trend,
Don’t increase your position when it rises, don’t hold it when it falls, and don’t hesitate when you break your arm,
The layout is small and meticulous, don’t do anything, only eat three-quarters full, clear the warehouse to create miracles, make money in three steps, and revenge is as steady as a dog.
1. In the currency circle, the rise and fall together, the rise in the bull market does not need value support, only a reason for the rise.
2. Don’t talk about faith with copycats, cut your meat when you should.
3. Time is a friend of Bitcoin and an enemy of copycat coins.
4. The value foundation of copycats lies in continuous innovation. Once innovation stagnates, the value will collapse. The value foundation of Bitcoin lies in its immutability. If you are trapped by Bitcoin, there will definitely be a day to get rid of it, but copycats may not.
5. The only ones suitable for left-side trading are Bitcoin and Ethereum. The biggest risk of altcoins is zeroing out, which is also the beginning of a bull market. Only Bitcoin and Ethereum are healthy.
6. First build a position. Bitcoin and Ethereum are not afraid of being short when they rise, and they are not afraid of being trapped when they fall.
7. Altcoins have no defensive capabilities.
8. Do not increase positions when the price rises. Position management is very important. After clearing the position to test the increase, you will increase the position significantly. It is difficult to play without losing money. Bitcoin and Ethereum positions cannot be less than half.
9. When playing altcoins, you must take the initiative to miss the opportunity and sell it. Fall in one place, climb in another place, lose money here, and earn it back in another place.
10. The biggest cost after being trapped is the opportunity cost. The core of playing altcoins is to know how to sell, only eat three-quarters full, the head and tail of the fish are not so delicious, leave them to the dealer, and wait for the leader to come out before eating the fish belly with high certainty.
If you always chase the rise and fall, are frequently trapped, lack the latest news, and can't find the direction, then you might as well follow me, Zhuye, learn the knowledge of the currency circle, improve your basic skills, and lay a good foundation to go further.
