Common Discussions in the Crypto World
After trading cryptocurrencies for 8 years, here are 16 lessons I've summarized!
1. Choose altcoins during bull markets and buy BTC during bear markets; this is my secret recipe!
2. Pay close attention to coins that show increased volume at the bottom; this is a signal for a potential breakout, don't miss it!
3. For coins on an upward trend, when they retrace to important moving averages, it's the best time to buy; remember to seize the opportunity!
4. Don't trade too frequently; making a few correct big moves in a year is enough. Greed can lead to significant losses!
5. Always control your position size; never go all in, leave yourself some room to adapt to market changes!
6. Don't average down on losing junk coins; cutting losses in time is the wise choice, don’t let yourself fall deeper!
7. News can only serve as a reference; don’t blindly follow the crowd, otherwise, you bear the consequences yourself!
8. Never touch unfamiliar coins; focus on the areas you know well to ensure a higher chance of success!
9. Don't be swayed by market emotions; stay calm and rational to make the right decisions!
10. Altcoins that rise too much will definitely fall; those that fall too much won't necessarily rise. Choice is crucial, keep your eyes sharp!
11. When most people are optimistic, it's often when risks emerge. Remember this, don't let yourself become a bag holder!
12. Learn to stay in cash and wait for clear market signals before entering; this way you can avoid unnecessary losses!
13. Don't chase hot trends; they often come and go quickly. Don't let yourself get stuck in a bad position!
14. Have your own trading system and stick to it strictly; this way you can maintain stable returns!
15. Investing is a marathon; maintaining a good mindset is key to finishing strong, don’t let yourself give up halfway!
16. Investing doesn’t guarantee profits; it’s more likely to incur losses. Therefore, invest only with spare money, which will help maintain a good attitude and increase your chances of winning. Remember this, don't let yourself get into trouble because of investing.
