For post-2000 university graduates, let me share some 'hidden rules' of the cryptocurrency world from the years of trading, helping you avoid ten years of detours!
First, do not call the top in a bull market, nor the bottom in a bear market.
The volatility in the cryptocurrency market far exceeds your imagination. You might think you've reached the top, but it could multiply several times; you might think you've hit the bottom, but it could still be cut in half. So, don't easily predict the market; going with the flow is the way to go!
Second, never go all in; diversify your investments.
The risks in the cryptocurrency market are extremely high; never put all your funds into one coin. Diversifying your investments will reduce risk so you can sleep soundly. Remember, as long as you keep the green mountains, you don't have to worry about firewood!
Third, news is very important, but don't follow the crowd blindly.
There is a lot of news in the cryptocurrency world, and it's hard to distinguish truth from falsehood. Don't rush in when you see good news, and don't panic and run when you see bad news. Research the project's fundamentals more, and rational judgment is key.
Fourth, make sure to learn to take profits and cut losses.
Don't be greedy once you make a profit; take profits in time. If you're losing money, don't stubbornly hold on, cut losses in time. The cryptocurrency market is highly volatile; maintain a stable mindset and don't let emotions dictate your actions.
Fifth, hold for the long term and wait patiently.
The cryptocurrency market experiences severe short-term fluctuations, but in the long run, quality projects will always stand out.
If you have confidence in a project, it might be worth holding patiently and waiting for time to yield returns.
Sixth, do not borrow Dai to trade cryptocurrencies.
The risks in the cryptocurrency market are extremely high; borrowing to trade is akin to gambling. Once the market declines, you will face enormous repayment pressure, and you may even face liquidation. Remember, investments should be made with spare money; don't risk your necessities for life.
Seventh, keep learning and continuously improve.
The cryptocurrency market changes rapidly, with new technologies and projects emerging constantly. Only by continuously learning can you keep up with the market pace and seize new opportunities.
Lastly, remember this: the cryptocurrency market has risks, and you must be cautious when entering! I hope everyone can find their own wealth code in the crypto world.