The Ten Iron Rules of the Cryptocurrency World, Newcomers Remember!
1. In a bull market, popular coins drop the fastest. Those coins that are highly speculated, especially those with significant control, will burst the fastest; the more people chase, the more dangerous it is. Like inflating a balloon, once it's too big, it will inevitably pop.
2. The tactics of altcoins are generally similar. The usual approach is to hit hard first, then slowly raise prices, changing methods to continue harvesting. This is how altcoins operate, so be mentally prepared.
3. The long-term trend of the market 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 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 with newly listed coins. New coins on exchanges that experience wild fluctuations should be avoided; this is basically a trap designed by the market makers, and entering means getting cut.
6. Price fluctuations are common. Buying leads to drops, selling leads to rises; this is too normal in the cryptocurrency world. If you can't handle this level of volatility, you really need to practice more.
7. The most vigorous 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 fooled by appearances; truly potential coins tend to have smoother fluctuations.
8. Be careful of being cut if there is a sudden pullback. If you buy a coin and it rises, then suddenly pulls back, it may mean the market maker is starting to offload; be careful not to get cut.
9. Coins that explode in the second half. In a bull market, coins that performed generally in the early stages may explode several times in the second half; they are like marathon runners, gaining strength in the later stages.
10. Coins that have been flat for months may explode. In a bull market, some coins can experience several times increases and still stay flat for months; they are likely waiting for the next wave of explosion, and you need to keep a close eye on them. If your operations are not smooth and you feel confused, remember two things: first, be proactive and decisive; second, stay online and respond promptly to news!
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