Cryptocurrency Operation Experience: Buy in Bear Market, Sell in Bull Market. After nearly 8 years of ups and downs in the cryptocurrency space, I have summarized a lot of operational experience and found that there is only one method to steadily make money: Buy in bear markets, sell in bull markets. Be sure to read to the end. This is helpful for anyone!
Here are five key points to help you navigate the cryptocurrency space steadily:
1. Buy new coins, not old ones, and try to position at the bottom.
1. Strategy: Patiently wait for new valuable coins to emerge and position when prices are relatively low, waiting for the market to recover. While it's impossible to buy at the true bottom, getting as close as possible is ideal.
2. Only buy mainstream coins.
1. Recommended coins:
BTC, ETH, BNB, SOL - the long-term kings of the cryptocurrency space. Buy in bear markets, sell in bull markets, with stable and considerable price increases.
Exchange platform coins: such as BNB, usually have good development prospects.
Meme coins: 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, making it difficult to grasp their rises and falls, and carry higher risks.
3. Sell during the mid-bull market, and do not operate afterwards.
Market phases:
1️⃣ Early Bull Market: BTC slowly rises, driving ETH and some mainstream coins.
2️⃣ Mid Bull Market: BTC and ETH fluctuate upwards, mainstream coins gain momentum, and altcoins start to activate.
3️⃣ Late Bull Market: BTC fluctuates downwards, ETH peaks, mainstream coins and altcoins surge.
4️⃣ End of Bull Market: BTC drops sharply, ending the bull market.
Operational strategy: Sell all coins in the mid-bull market and do not participate in subsequent operations, avoiding the sharp decline at the end of the bull market.
4. Do not gamble during the bull market.
Risk Warning:
1️⃣ Bull Market Temptation: In the mid and late bull market, altcoins frequently surge, but heavy investment is not recommended.
2️⃣ Small-scale attempts: If you really can't resist the temptation, you can play with a very small amount of money, but never invest heavily.
3️⃣ Avoid gambling: Heavily investing in altcoins is akin to gambling, luck is not sustainable and can easily lead to huge losses.
5. Capital is always the most important.
1️⃣ Protect capital:
Timely stop-loss: If an operation goes wrong and you are trapped, stop-loss in time to protect your capital.
2️⃣ Avoid being buried: During a collapse in the cryptocurrency space, protect most of your capital and wait for new opportunities instead of holding on until the end.
