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Iron rules for survival in the cryptocurrency world: 15 iron rules that 99% of people ignore!

1. In the cryptocurrency world, everything rises and falls together; in a bull market, the rise does not need value support, just a reason to rise.

2. Don’t discuss beliefs with altcoins; if you need to cut losses, then cut losses.

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, the value will collapse. The value foundation of Bitcoin lies in its invariability; if you get trapped by Bitcoin, there will be a day when you can break free, but not necessarily for altcoins.

5. The only assets suitable for left-side trading are Bitcoin and Ethereum; the biggest risk for altcoins is going to zero.

6. The start of a bull market is healthy only when BTC stands out alone, so first build a position in Bitcoin and Ethereum; if it rises, you won’t miss out, and if it falls, you won’t fear being trapped.

7. Altcoins have no defensive capability.

8. Do not increase your position during a rise; position management is very important. Test with a light position, then significantly increase your position 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 playing with altcoins, you must actively miss out and actively sell.

11. If you fall in one place, get up in another; if you lose money here, go to another place to earn it back.

12. The biggest cost after being trapped is the opportunity cost.

13. The core of playing altcoins is knowing when to sell.

14. Only eat until you are 70% full; fish heads and fish tails aren’t that tasty, leave them for the big players, and wait until the leading stocks emerge before eating the more certain fish body.

15. When playing with altcoins, you must keep a light position; a heavy position will ruin your mindset, a bad mindset will ruin your operations, and reckless actions will lead to losses.