Only invest in what you understand well. Currently, knowledge and experience about research have been widely shared. Take the time to learn. Only invest after thorough research.
Volume, liquidity, Tokenomics, and who is behind the coin are the most important factors you need to research.
Basic crypto has high volatility, it can divide by 2 today but may triple or quadruple tomorrow. If you have decided to hold, prepare your mindset and be patient.
Timing is very important in crypto. If you choose the right time to invest, it's easy to multiply your account. It's like starting with crypto when BTC hit 16k at the market bottom before the bull run returns; all investments will be profitable.
Most tokens in crypto projects are useless or just illusions; only a few tokens have actual applications. These tokens are often controlled by whales or large organizations. Coins are often manipulated in price a lot.
Two times you should not enter a position are during a long losing streak or a long winning streak. Take a break; when you are calm, you will be able to start again.
Lower your expectations. Don't hope that you can buy at the bottom and sell at the top. Very few people change their lives from a single trade; if they do, without knowledge, you will return to the market.
In the past, there was an Altcoin Season, now there is a Memecoin Season. The market changes continuously.
Therefore, we also need to continuously improve our knowledge. What we knew yesterday may no longer be true in the market today; if we want to survive and grow, we must learn and update every day.
When holding, understanding Tokenomics and Token Release is very important. Statistical apps may not be accurate. The most accurate information comes directly from the coin's website. Tracking wallets is the most reliable.
Always leave yourself an escape route. This escape route is Stablecoin. No one can be sure whether a coin will rise or fall; therefore, always keep 20-30% in Stablecoin so that if the market drops suddenly, you can still DCA.
