Having experienced nearly 8 years of ups and downs in the cryptocurrency space, I have summarized many operational experiences and found that there is only one method to make steady profits: Buy during a bear market, sell during a bull market. ⚠️ Be sure to read this. It's helpful for everyone!
Here are five key points to help you operate steadily in the cryptocurrency space:
1. Buy new, not old, and try to position at the bottom
1. Strategy: Patiently wait for new valuable coins to emerge and position yourself when prices are relatively low, waiting for the market to recover. Although it's impossible to buy at the absolute bottom, try to get as close as possible.
2. Only buy mainstream coins
1. Recommended coins:
BTC, ETH, BNB, SOL are the long-term kings in the cryptocurrency space. Buy during bear markets, sell during bull markets, with stable and substantial gains.
Exchange platform coins: Such as BNB, which usually have good growth prospects.
Meme sector: bome, floki, pepe, people,
Strong consensus coins: Such as Dogecoin (DOGE), SHIB.
2. Heavy investment strategy: Always invest heavily in mainstream coins, not in altcoins. Altcoins have large fluctuations and are hard to predict, posing higher risks.
3. Sell during the mid-bull market and do not operate further
Market phases:
1️⃣ Early bull market: BTC gradually rises, driving ETH and some mainstream coins.
2️⃣ Mid bull market: BTC and ETH fluctuate upwards, mainstream coins gain momentum, and altcoins begin to take off.
3️⃣ Late bull market: BTC fluctuates downwards, ETH peaks, and mainstream coins and altcoins surge.
4️⃣ End of the bull market: BTC drops sharply, signaling the end of the bull market.
⚠️ Operating strategy: Sell all coins in the mid-bull market, do not participate in subsequent operations, to avoid the sharp decline at the end of the bull market.
4. Don't gamble during a bull market
⚠️ Risk warning:
1️⃣ Bull market temptation: In the mid and late stages of a bull market, altcoins frequently surge, but heavy investments are not recommended.
2️⃣ Small trials: If you can't resist the temptation, you can play with a very small amount of capital, but never invest heavily.
3️⃣ Avoid gambling: Heavily investing in altcoins is akin to gambling, luck is not sustainable and can lead to significant losses.
5. Capital is always the most important
1️⃣ Protect your capital:
Timely stop-loss: If you make a mistake and get stuck, stop-loss in time to protect your capital.
2️⃣ Avoid being buried: During a market crash, preserve the majority of your capital and wait for new opportunities instead of holding on until the end.
3️⃣ Make a comeback: Preserve your capital, re-strategize during the bear market's low point, and wait for the next bull market.
Summary: Through these five key points, you can operate more steadily in the cryptocurrency space, avoid unnecessary losses, and gradually accumulate wealth.
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