The market, especially the speculative market, must have rules that can be followed!
What newcomers have to do is not to listen to those “teachers”’s nonsense!
Different from traditional markets, speculative markets such as currency circles reflect human nature more.
Because human nature is unchanging.
Therefore, the laws of the speculative market remain unchanged!
The cryptocurrency industry is still in its early stages.
Full of opportunities,
It is also full of scams.
From Luna to various collapsed DeFi to various...king and various dogs,
What can we learn?
1. Do not bring your family, classmates, or childhood friends into the cryptocurrency world.
New traders have no idea about stop-profit and stop-loss. If you talk too much about them, they will think you are preventing them from making money. If they really encounter a callback, they will think you are a bad person with poor skills and bad character.
2. Don’t follow the recommendations of big Vs and kols.
Recently, there are two well-known series recommended by big Vs and KOLs, one is ace and the other is api3. You should know what happened after buying at a high price. If the big V has doubled the price by xxxx times, do you want to buy it? If it is a very good project, will it only rise and not fall? So how do you choose?
3. Have your own analysis framework.
Think about it, if the blogger you follow starts to call for orders, does he want to help you get rich? Or does he want you to take over?
What should you do when you encounter a shouting order? Check the background of the project... Which sector does the project belong to? Are there any investment institutions? Are there any top investment institutions? What is the historical performance of the investment institutions? Can or is it possible to be listed in the top three? What is the transaction volume of the project? What is the real popularity of the project? Is the project owner really working or buying fans?
4. The most suitable method for newcomers to make Guilinggao
Have you ever thought about this question? Everyone knows to buy low and sell high, so why do you always buy at the top of the mountain? Why do you seem to be the only one losing money?
A. When the bear market is at a low point, you think the project party has run away, and then when the bull market is at a high point, you think the project party is doing something.
B. Before the sector rotated to this sector, you had never heard of this sector. Then when it rotated to this sector, it had risen for several rounds, and you began to believe in your own vision and started to go all in.
C. You heard from others that local dogs have a high rate of return, so you buy whatever you see, and end up buying a lot of things that you can only buy but not sell.
D. You see that a certain teacher has a high rate of return, so you use the teacher’s referral code to copy contracts and leverage, and then you cry. The teacher then uses the platform’s rebate for your losses and comes to comfort you, telling you that everything will be fine.
E. You heard that there was an airdrop for on-chain interactions, and you consumed a lot of gas, but the project party took it back.
F. You followed the airdrop sharing post on the Internet and participated in the airdrop by leaving your wallet address in the shared post. Then the project owner sent you the airdrop, you clicked on that airdrop, and then your wallet was empty.
5. Build positions in batches, stop when you are ahead and roll positions
Build positions in batches: Whether you are investing in funds, stocks or crypto VC, if you are really optimistic about something, it is best to buy it in three times: ① current price ② one correction ③ half price crash.
Quit while you're ahead and roll over positions：As long as you enter the market at the bottom of a bear market or the beginning of a bull market, the leaders of reliable sectors can usually get 5x-15x. Why have others improved their lives, but you always lose your principal? 100% because you have become a holder, and the more you increase the price, the more you go all-in, and then... What should you do? For the first doubling, withdraw 30%-60% of the principal, complete the withdrawal within 3x, and withdraw in proportion for each subsequent doubling. If you don't withdraw, then the big callback will withdraw all your principal. After withdrawing, either improve your life, or roll over and invest in more projects, chase hot spots, and make profits.