better miss than err. Safety first

Cryptocurrency Bull Market Survival Guide: 12 Golden Rules

1. Restrain FOMO: The bull market is very likely to give rise to blind pursuit of rising prices, which makes people take over at high prices. Be sure to formulate an investment plan and strictly implement it, and don't be swayed by emotions.
2. Reasonable stop-profit and stop-loss: Greed will make profits vanish. You can adopt batch stop-profit, such as step-by-step exit at a ratio of 20%, 30%, and 50%, and the stop-loss point is set according to your own risk tolerance.
3. Diversify investment: Over-concentration in a single currency will cause heavy losses once the project explodes. Reasonably allocate mainstream currencies, such as BTC and ETH, and match them with potential track projects, such as Layer2 and DeFi, and then hold a small amount of high-risk assets, such as Meme coins.
4. Stay away from "dog projects" and scams: Fake projects and runaways are emerging in the bull market. Carefully verify the team background, contract audits, and community authenticity, and don't believe the tempting promise of "hundred-fold coins".
5. Focus on the fundamentals of the project: Air coins may soar in the short term, but their value will return to zero in the long run.
6. Use leverage with caution: High leverage can easily lead to liquidation when the market fluctuates violently. It is best for novices not to touch leverage, and veterans should also control their positions, such as not exceeding 10%, and give priority to spot trading.
7. Adhere to regular and fixed investment: The bull market correction may reach 30%-50%, and the risk of a one-time all-in is extremely high. Buying in batches can effectively reduce the pressure of average price costs.
8. Stay calm and don't blindly follow the trend: market rumors and celebrity calls often induce irrational decisions. Be sure to analyze independently and don't blindly believe in "insider information".
9. Reserve emergency funds: Full position operations may miss the opportunity to buy at the bottom, or even be forced to sell. Keep at least 20% of cash to deal with sudden plunges or new investment opportunities.
10. Pay attention to the macro environment and policies: factors such as interest rate hikes and regulatory policies may reverse market trends.
11. Pay attention to asset security: Hacker attacks and phishing scams frequently occur in bull markets. Use hardware wallets to store large assets, enable 2FA verification, and be wary of false links.
12. Understand the cycle rules and exit at the right time: The peak of the bull market is difficult to accurately predict, and excessive optimism will lead to being stuck.
The bull market is a key stage for wealth redistribution, but most people end up losing money. Keep in mind that "others are greedy and I am afraid", and strictly abide by discipline, so that you can win in market fluctuations.