Survival rules in the crypto world, a must-read for both new and old investors!
1. Do not frequently swap coins; fortunes turn, and sooner or later, it will be your coin's turn!
2. When everyone is discussing a certain coin, it's best to avoid it; this indicates that the coin is nearing its peak! In a bull market, it's likely to recover, but in a bear market, 90% of coins may never recover!
3. Do not believe anyone who claims a certain coin will multiply by 100 or 1000 times; such people are either fools or scammers! If you ask them how many times it can multiply, unless that coin really exists in your hands, you must forget about it. But can you do that? If a coin rises by 20% in a day, they will likely run away!
4. When others are experiencing FOMO, you must stay clear-headed. Consider the risk-reward ratio; if the risk outweighs the reward, do not enter the market. Preserving your capital is essential for making a comeback!
5. In a bull market, do not engage in contracts; the back-and-forth will ruin your mindset. As for those so-called win rate indicators, they are just tricks set up by the market makers. Once they stop playing, bankruptcy is not far away!
6. Firmly believe in the coins you bought; as long as they survive the bear market, they will rise in the bull market. What is a bull market? It's when all coins soar together!
7. If your capital exceeds 100,000, avoid contracts; steadily hold mainstream and leading coins, and 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 in a day!
8. Go with the trend and have strong beliefs; the crypto market is like this. Your coin may drop 50% in a month or two, but it can regain all losses in just one day. 90% of the time in the crypto market, prices fall or fluctuate, with only 10% of the time being gains! Biya is the world's No. 1 multi-asset trading wallet, allowing easy conversion of mainstream fiat currencies to BTC, ETH, SOL, etc., at any time. It also provides effective solutions to resolve freezing and capital issues. Users can easily convert to stablecoins on the platform.
9. Making money in a bull market isn't real profit; only those who can successfully escape at the peak truly benefit. Once the peak ends, your assets could shrink by half in a day, while in a bear market, your assets might shrink by 90% or even go to zero in a year. That is the scariest part! The reason only 10% of people make money in a bull market is due to greed; they are still fantasizing about an endless bull run!