This wave of bull market this year may be the strongest in recent years! Friends who have just entered the crypto world, don't panic, read this before taking action.
The blockchain industry is booming in 2024. With Bitcoin halving, the Federal Reserve lowering interest rates, and Bitcoin ETFs approved, all these great news coming together makes it hard not to rise!
Let's take a look at the pitfalls that newcomers are most likely to encounter!!
Following the trend and buying randomly, rushing in just because someone says a certain coin is good, without even understanding what it does.
Listening to bloggers' recommendations to go all in, without knowing how to buy in batches, not knowing when to sell when it rises, and holding on stubbornly when it falls.
Chasing after prices when they rise and rushing to cut losses when they fall, it's not much different from gambling.
Don't always think about getting rich overnight; the real skill is being able to earn continuously without losing money.
In a bull market, accumulate coins and avoid too much fuss; the crypto market operates in cycles every four years, and real big surges only happen for a few days.
Hold onto mainstream coins like Bitcoin and Ethereum, avoid frequent trading, and holding on is better than anything else!
If the market is not good, play short-term; at the end of last year, the bull market had just started, we accumulated ORDI and SOL and made quite a bit; at the beginning of this year, AI coins and Meme coins were booming, and we made a lot again.
By March and April, when the market was fluctuating, I started teaching everyone how to make short-term trades.
Even in a bear market, as long as you control your investments well and find the right methods, you can still make money.
In September and October last year, many of my followers who followed me made ten times their money with FLOKI, and some successfully bottomed out when Bitcoin was at $59,000!
The strategies in the crypto world need to be studied in advance, combining policy news, market sentiment, and technical analysis.
If you want to make money in the crypto world, don’t blindly follow the crowd; follow reliable ideas to steadily reap profits!
I am Uncle Jie, skilled in medium and short-term contracts and medium to long-term spot layout. For detailed strategy teaching, contact @Uncle Jie
