Ten Iron Rules of the Crypto World, Newcomers Must Remember!
1. In a bull market, the popular coins that drop the fastest are those that have been hyped up, especially those with serious control over the supply. The bubble bursts quickly; the more people chase, the more dangerous it is. It's like blowing up a balloon; if you blow it too big, it will inevitably pop.
2. The tactics of altcoins are generally similar; the pattern is usually to hit hard first, then slowly raise the price, and continue to harvest in a different way. This is how altcoins work; you must be mentally prepared.
3. The long-term trend of the market is upward. If you look over a long period, the curve in the crypto world is actually relatively stable. Short-term ups and downs are normal; the long-term trend is generally a slow rise.
4. Potential coins are not hyped. Truly potential coins often remain unnoticed at the bottom, rarely mentioned, while those low-profile coins quietly rise.
5. Be cautious of newly listed coins. Don't touch those that surge and plunge violently; this is basically a trap designed by the market makers, and entering means getting cut.
6. Price fluctuations are common. When you buy, it drops; when you sell, it rises. This is very normal in the crypto world. If you can't handle this level of volatility, you really need to practice.
7. The strongest rebounds do not represent potential. The coins that rebound the hardest are often not the ones with potential, but rather speculative plays that have been hyped up. Don't be misled by appearances; truly potential coins have relatively stable fluctuations.
8. Be careful of being cut on sudden pullbacks. If you buy a coin and it spikes, then suddenly pulls back, it may mean the market makers are starting to unload. Be careful not to get cut.
9. Coins that explode in the second half. In a bull market, coins that performed average in the early stages may explode several times in the second half; they are like marathon runners who pick up speed later.
10. Coins that have been flat for months may explode. In a bull market, some coins may go through several times the increase and then stay flat for months, which means they are likely waiting for the next wave of explosion. You need to keep an eye on these coins. If your operations are not smooth and you're confused, remember two things: first, be proactive and strike decisively; second, stay online and respond promptly when news comes!
If you are currently losing and don't know what to do, you can click to follow me, click my avatar to find me anytime, and I share all contract and spot trading strategies. Just to gain followers.
