The ten iron rules of the cryptocurrency world, newcomers should remember!
1. Hot coins in a bull market fall the fastest; those that are heavily speculated drop quickly when the bubble bursts. The more people chase, the more dangerous it is. It's like blowing up a balloon; once it's inflated, it will inevitably pop.
2. The tactics of altcoins are generally similar; the usual approach is to hit hard first and then slowly pull up, changing methods to continue harvesting. This is how altcoins are played, so you must be mentally prepared.
3. The market's long-term trend is upward; if you look over a long period, the cryptocurrency curve is relatively stable. Short-term fluctuations are normal, while the long-term trend is generally a gradual increase.
4. Promising coins are not speculated on; truly promising coins often remain unnoticed at the bottom, with few people mentioning them. Instead, those low-key coins quietly rise.
5. Be cautious with newly listed coins; avoid those that experience extreme rises and falls, as this is usually a trap designed by the market makers, and entering means getting cut.
6. Fluctuations are common; buying often leads to drops, and selling often leads to rises. This is too normal in the cryptocurrency world. If you can't withstand these fluctuations, you really need to practice.
7. The strongest rebounds do not indicate potential; the coins that rebound the most are often not the ones with real potential but rather speculative plays that have been hyped up. Don't be misled by appearances; truly promising coins tend to have more stable fluctuations.
8. Be careful of being cut during sudden pullbacks; if your coin rises after you buy it and suddenly pulls back, it could mean the market makers are starting to offload. Be wary of getting cut.
9. Coins that explode in the second half of the bull market; coins that performed poorly in the early stages may explode several times in the latter half, much like marathon runners who pick up speed in the final stretch.
10. Coins that have been flat for months may explode; some coins can remain flat for months after experiencing several-fold increases, which likely means they are waiting for the next wave of explosion. You need to keep a close eye on these coins. If your operations are not going well and you feel lost, remember two things: first, you need to be proactive and strike decisively; second, stay online and react promptly when news comes in!
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