Post-00s Male Graduates Brave the Crypto World: In the few years since graduating from college, post-00s students share some "unwritten rules" of the crypto world to help you avoid ten years of detours!
First, never call the top in a bull market, and never call the bottom in a bear market.
The volatility in the crypto world far exceeds your imagination. You might think the market has peaked, but it can still multiply a few more times; you might think it has bottomed out, but it can still be halved. So, don't easily predict the market; going with the trend is the way to go!
Second, never go all in; diversify your investments.
The risks in the crypto world are extremely high; never put all your funds on a single coin. Diversify to reduce risk, so you can sleep soundly. Remember, as long as the green mountains remain, there’s no fear of running out of firewood!
Third, news is very important, but don’t follow the crowd blindly.
Crypto news is everywhere, with truth and falsehood difficult to distinguish. Don’t rush in when you see good news, and don’t panic when you see bad news. Study the fundamentals of the projects; rational judgment is key.
Fourth, make sure to learn to take profits and cut losses.
When you make money, don’t be greedy; take profits in time; when you lose money, don’t stubbornly hold on; cut losses promptly. The crypto world is highly volatile; maintain a stable mindset; don’t let emotions dictate your actions.
Fifth, hold long-term and wait patiently.
The short-term volatility in the crypto world is intense, but in the long run, quality projects will stand out. If you believe in a project, consider holding it patiently for the returns over time.
Sixth, don’t borrow funds to trade cryptocurrencies.
The risks in the crypto world are extremely high; borrowing to trade cryptocurrencies is akin to gambling. Once the market declines, you will face immense repayment pressure and may even face liquidation. Remember, invest with spare cash; don’t risk your essential living expenses.
Seventh, keep learning and continuously improve.
The crypto world changes rapidly, with new technologies and projects emerging constantly. Only by continuously learning can you keep pace with the market and seize new opportunities.
Finally, remember a saying: there are risks in the crypto world, and one must be cautious when entering the market! I hope everyone can find their own wealth code in the crypto world.
