Making money in the cryptocurrency world is as easy as drinking water!
1. Once the upward trend begins, it won't easily stop, so don't panic in the face of significant corrections. Boldly enter the market. The worst choice is to continue waiting for lower prices; the longer you wait, the higher the prices will rise, ultimately causing you to miss the opportunity.
2. In a bull market, there are often spike phenomena. If your position is not full, try to wait for a pullback to invest everything at once; otherwise, frequent short-term fluctuations can be difficult for most people to bear.
3. Be sure to pay attention to position management; it's best to diversify across multiple key sectors. If all your capital is concentrated in one sector, and that sector does not move in the short term while others are rising, it can be very frustrating.
Once you chase the high, you may get trapped, and after clearing your position, it may rebound within a few days. Many people have experienced this. Therefore, either don’t buy, or once you buy, hold firmly; there will always be rotation among cryptocurrencies. In a bull market, even poorly performing cryptocurrencies can achieve five to ten times returns.
4. The market always rises amidst disagreements; often, when everyone is complaining, that's the opportunity; conversely, when everyone is optimistic about a certain direction, it may pose risks.
5. Don't be too attached to short-term trading; once you choose to exit midway, you may find it impossible to return to previous prices. Instead of frequent trading, it's better to hold calmly, as the returns will be more substantial.
6. Each time the market pulls back, it is usually accompanied by panic, and everyone says the bull market is over. In fact, a bull market typically needs to undergo three to four major adjustments before it ends.
So don't be afraid, keep a broad perspective. As long as the cryptocurrencies you hold are not worthless, even the worst ones can achieve five to ten times returns. In one bull market cycle, achieving 20 to 30 times returns in spot trading is not difficult.
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