Remember these 6 iron rules, financial freedom is not a dream!
The crypto world is both heaven and hell. With 10 years of trading experience and having gone through three cycles of bull and bear markets, I've seen too many people get rich overnight, as well as too many people go bankrupt to zero. To survive and make money in this bloody market relies not on cleverness, but on common sense + execution ability.
🎯 Want to make money? Remember one thing:
Boldly buy in a bear market, sell gracefully in a bull market!
A bull market is like summer, passionate and lasting for 6 months to 1 year;
A bear market is like a cold winter, long and hard to endure, it may drag on for 12 years;
A full cycle of bull and bear markets lasts about 34 years. You only need to capture that 50%+ profit in a bull market to outperform the vast majority, easily surpassing wealth management, stocks, and funds!
① Buy 'new' not 'old', the bottom is the treasure
Don't be anxious; truly valuable projects will slowly emerge in a bear market. What you need to do is to train your eyesight and lay out your plans at the bottom. You may not be able to buy at the lowest, but as long as the direction is right, once the market starts, the returns will be like riding a rocket.
📝 Small suggestion: pay more attention to new public chains, new protocols, new narratives. History won't repeat, but it will always bet on new directions.
② Mainstream coins are the ballast, don't randomly touch altcoins
BTC and ETH are the anchors of the crypto world; buy in a bear market, sell in a bull market, you can at least achieve over 50% profit, very stable!
In addition, there are some mainstream coins with strong consensus or practical application support worth considering for allocation:
🔷 Platform coin: BNB
🔶 Strong public chains: SOL, AVAX
🔷 Infrastructure: MATIC
🐶 Community consensus: DOGE, SHIB (participate in small quantities)
❗Beware of altcoins!
Don't touch without insider news; they may soar enticingly in a bull market, but once the bull market ends, these coins often directly halve or go to zero, you can't even hold them, and ultimately you end up cutting losses to exit.
③ The mid-cycle of the bull market is the best selling point, don't be greedy!
In the early stage of the bull market, BTC rises steadily, and ETH and mainstream coins dance along;
In the mid-cycle, altcoins start to stir, and the market is the most lively;
The later stage is when the bubble is at its largest, and also the most dangerous time!
✳️ Remember:
"Getting rich relies on selling, not holding to the very peak!"
When BTC starts to plunge continuously, it's a signal of the end of the bull market. Don't fantasize about selling when it rises a bit more; most people die in the last wave of greed!
④ Don't gamble! There are too many opportunities in a bull market; it's about rhythm, not luck
In a bull market, various altcoins take turns dancing, soaring several times or even dozens of times, which is tempting. But you can't let FOMO (fear of missing out) control your emotions!
❌ Don't heavily bet on an explosion
✅ Small position trial and error, even if profitable, don't go all in
This is not investing, it's gambling. The crypto world never lacks 'hundredfold coins', but the key is whether you can get off the bus!
⑤ Patience is golden; impulse is the devil
Buy in a bear market, sell in a bull market, don't mess around in between. These six words seem simple, but 90% of people can't do it.
After buying, I'm afraid it will drop; I'll run if it rises a bit;
After selling, I'm afraid of missing out, looking to see who has risen and chasing high;
Want to catch the bottom, but always buy halfway up the mountain.
The core of trading coins is: earn patient money, be friends with time.
⑥ Principal first, never accompany coins to the grave
You can lose profits, but you can't lose your principal! This is the bottom line for surviving in the crypto world.
The bear market has come; it's better to cut losses than to resist to the end. Protect your principal to have a chance to make a comeback. Otherwise, the hundreds of thousands earned in a bull market may be completely given back in one pullback!
🚨 Remember: if you sell at a 50% drop, you can still turn around; if you stubbornly hold on at a 90% drop, you've already turned from an investor into a believer.
✅ Final summary:
To establish yourself in the crypto world, it's not about watching the K-line three meals a day, nor about getting rich by luck, but rather -
Will wait: patiently lurk in a bear market
Will choose: only select mainstream and valuable coins
Will sell: decisively take profits in the mid-cycle of the bull market
Will endure: not chasing highs, not greedy, not betting life
Will guard: protect your principal, control drawdown
Will play: participate in hot narratives with small positions, earn a bit of extra money
Time will reward those who think carefully and operate cautiously. The crypto world doesn't lack opportunities to get rich, but getting rich is just a coincidence for a few; steady and steady can turn wealth into certainty.
