15 Iron Rules for Survival in the Cryptocurrency World That 99% of People Ignore!
1. Cryptocurrencies rise and fall together; in a bull market, the rise doesn't need value support, just a reason to rise.
2. Don't talk about faith with altcoins; if you need to cut losses, do it.
3. Time is a friend of Bitcoin but an enemy of altcoins.
4. The value foundation of altcoins lies in continuous innovation; once innovation stagnates, value will collapse. Bitcoin's value foundation lies in its invariability; if you get trapped by Bitcoin, there will eventually be a way out, but the same isn't guaranteed for altcoins.
5. The only cryptocurrencies suitable for left-side trading are Bitcoin and Ethereum; the biggest risk with altcoins is going to zero.
6. The start of a bull market is healthy only when BTC stands out alone; therefore, first build a position in Bitcoin and Ethereum—if it rises, you won’t miss out, and if it falls, you won’t be afraid of being trapped.
7. Altcoins have no defensive capability.
8. Do not increase positions during a rise; position management is crucial. Test with light positions and significantly increase after a rise; playing this way makes it hard not to lose money.
9. The position in Bitcoin and Ethereum should not be less than half.
10. When trading altcoins, be proactive in taking profits and selling off.
11. If you fall in one place, get up in another; if you lose money here, earn it back somewhere else.
12. The biggest cost after being trapped is the opportunity cost.
13. The core of trading altcoins is knowing how to sell.
14. Only eat until you're 70% full; fish heads and tails aren’t that tasty—leave them for the big players; wait for the leading coins to emerge before going for the more reliable parts.
15. When trading altcoins, always keep your positions light; heavy positions can ruin your mindset, a bad mindset leads to poor operations, and reckless actions result in losses.
