Survival Rules in the Crypto World, a Must-Read for New and Old Investors!
1. Do not frequently change coins; the tide will turn, and sooner or later, the coin in your hand will come back!
2. When various people discuss a certain coin, it's best not to touch it; this indicates that the coin is about to peak! In a bull market, it is likely to rise again, but in a bear market, 90% of coins may never recover!
3. Do not believe anyone who claims a coin will increase a hundredfold or a thousandfold; such people are either fools or scammers! If you ask them how many times it can multiply, unless you actually have such a coin in your hand, you must forget about it. Can you do that? If it rises 20% in a day, they will probably run away.
4. When others are FOMOing (Fear Of Missing Out), you need to stay clear-headed. Consider your risk-reward ratio; if the risk is greater than the reward, do not invest. Preserving your principal gives you a chance to catch up later!
5. In a bull market, do not engage in contracts; back and forth trading can ruin your mindset. As for those so-called success rate indicators, they are just for show by the manipulators. Once they stop playing, you won't be far from liquidation!
6. Firmly believe in the coins you buy; as long as they survive a bear market, they will rise in a bull market. What is a bull market? It's when all coins soar!
7. If your capital exceeds 100,000, do not engage in contracts; stabilize your holdings in mainstream leading coins, a tenfold increase is possible! If your capital is below 100,000, focus on altcoins; in the altcoin market, even the lesser coins can double in value within a day!
8. Go with the trend and hold firm beliefs. This is how the crypto market works; your coin may drop 50% in one or two months, but it can regain that in just one day. The crypto market is down 90% of the time, fluctuating, and only 10% of the time is it rising!
9. Making money in a bull market is not true profit; only those who can escape at the bull's peak truly win. Once the bull market ends, your assets can shrink by half in a day. In a bear market, your assets may shrink by 90% or even go to zero in a year, which is the most terrifying! Why do only 10% of people make money in the bull market? It's due to greed and the illusion that the bull market will continue indefinitely!
