(Six Iron Laws of the Cryptocurrency Circle) Reorganized and adapted in a cycle!
1. Only participate in the irreversible upward trend of the market
"Only participate in the irreversible upward trend of the market." The market is the fact, the market cannot be questioned or challenged, and the trend is irreversible. As an investor, you must dare to admit your mistakes, correct them at any time, reject uncertain market conditions, and do what the market makers must follow. You must know how to follow the trend.
Both Bitcoin and the U.S. stock market have huge investment value. It is recommended that investors invest in Bitcoin and the U.S. stock market at the same time, or switch investments between Bitcoin and the U.S. stock market according to the timing. For example, Interactive Brokers has obtained a license for virtual asset transactions for retail customers in Hong Kong, and BiyaPay has also obtained authorization from the U.S. Securities Regulatory Commission. You can invest in Bitcoin and U.S. stock assets at the same time on Interactive Brokers and BiyaPay, and switch seamlessly between Bitcoin and U.S. stock assets on one platform.
Two, refuse frequent trading.
The casino is open twenty-four hours a day, so there is no need to frequently open orders. There are many logics such as timing, trial and error, and position control. We advocate waiting like a hunter for the perfect opportunity, rather than randomly investing as soon as we see prey.
Three, do not blindly trust technical indicators.
First, we must acknowledge that any technical indicator has its lag.
For example, when the MACD indicator gives a golden cross buy signal, in fact, the coin has already risen a bit, and at the time the golden cross appears, you might very well be the one picking up the bill!
Four, forget about the cost price once you buy.
When you start shorting or going long, the cost price has nothing to do with any subsequent operations, because whether to sell depends on market trends, and has no relation to whether you are still making a profit now. If the pattern is good, continue to hold; if the pattern deteriorates, reduce your position or even liquidate.
Five, participate with money you can afford to lose.
Use spare money to trade coins; investing carries risks. Investors can increase their capital after mastering the tricks of making profits in the game. Before that, be sure to participate with money you can afford to lose; borrowing money often leads to severe losses!
Six, ensure to withdraw profits on time.
Without withdrawals, everything is just numbers. Investors in the cryptocurrency market are like gamblers who haven't left the casino; even if they temporarily make a lot of money, they cannot be considered winners. Only when you withdraw cash from the market can you say you came out on top. In the cryptocurrency market, timely withdrawals are a very good habit.
