Do you know the survival rules of the cryptocurrency world? A must-read for beginners!!!
Only those who can survive are the true champions.
Next, I will share the 10 most important rules for survival in the cryptocurrency world.
Rule 1: Protect your capital first! Always remember, preserving your capital is the key to surviving in this market. Saying it three times is still not enough! Many people only think about making money, but ignore the risks, resulting in being taught a lesson by the market.
Rule 2: Don't be greedy, earn steadily. Slow is fast. In fact, as long as you are not greedy, making money is not difficult; stable small profits are more reliable.
Rule 3: Diversify investments, combine investments, and leave room for your positions, acting according to the trend. Never go all in; once the market reverses, you will have no way out.
Rule 4: Avoid heavy positions, never buy coins in a downtrend, do not operate frequently, and do not chase after rising or falling prices. These are all good habits that leave you with an exit strategy.
Rule 5: Buy slowly, accumulate during sideways movements, and gradually enter the market. Sell decisively; once your target price is reached, sell immediately.
Rule 6: Money can never be earned completely, but it can be lost entirely. Don't think about consuming all the profits; the market can slap you back at any time.
Rule 7: Opportunities are always there. If there are significant changes in the fundamentals of a coin that are detrimental to its development, you should stop loss immediately; not doing so may bring you back to square one overnight.
Rule 8: If you are investing for the long term, view it on a weekly basis; for ultra-long-term investments, view it on a monthly basis. If the trend reverses and enters a downtrend, you should secure your profits. What you have in hand is the most stable; don't be greedy thinking the market will keep going.
Rule 9: The market will always have extremes followed by reversals. This will never change; don't fantasize that the trend won't reverse.
Rule 10: Don't trade without an opportunity. Missing an opportunity is normal; capturing part of it is enough, don't think you can get everything.
These rules may seem simple, but they are not easy to execute. Only those who can truly implement them will become the ultimate winners! If you want to follow Sister Bingbing's strategy, feel free to follow me!
