On the first day of entering the square, I couldn't sleep so late. As a veteran investor, I would like to make a summary of the trading market: First, let's not talk about how much money we can make, but survive in the investment circle. Many people ask why we can't make money by speculating in cryptocurrencies, because no matter how much money you make, as long as you don't cash out, you will be cut back sooner or later. Facing the huge fluctuations in the trading market, you need to have a normal mind. Only by truly overcoming your inner fear and greed can you truly survive and make a profit.
Second: Choose the right fish pond to catch big fish. Every year has its own trend. ICO in 2017, DAPP in 2018, CX model coins in 2019, trading mining, mining machines, trading mining in 2020, liquidity mining, decentralized finance, and later difi, gamfi, nft, metaverse, etc. Basically, there are several hot spots every year. What you need to judge is to choose the right fish pond to lay out while the trend is still there. Some projects are like Internet celebrities. They become popular in a very short time and then disappear in a very short time. On the contrary, some projects were unknown at the beginning and finally stood out. Among the same type of projects, only one or two major leading projects should be selected to participate, because only one or two will survive and stay in the market. For example, I participated in the ICO of dozens of projects such as ADA, BNB, HSR Braised Pork, EOS, VET, omg, zrx, mana, TNT, CDT, GTO, etc. in 2017. Until now, the only surviving project that has risen more than 100 times in the last bull market and stabilized its circulation is ADA.
Third: Seize the opportunity to participate. Today is different from the past. You don’t have to worry about not having high-quality projects. Don’t invest in private projects, don’t play with Tugou community coins, don’t use high leverage, and don’t play with Ponzi-type blockchain projects. Funds will not be created out of thin air, they will only be transferred. Before the bull market comes, you must have projects that earn cash flow and buy low-risk high-quality chips in the secondary market. Many projects are overpriced, with a market value of hundreds of millions as soon as they open. In addition to having enough patience, you also need to pay attention to the project team’s token distribution, lock-up, release and other information.
Fourth: It is important to grasp the project's money-making cycle. In a bear market, if you don't buy at the bottom, buying at any time is equivalent to returning to zero. If it doesn't return to zero, it will shrink by 90%. So if you hold spot positions, you must choose projects with high liquidity and good depth to trade. If you make a profit, you must withdraw the principal. It is best not to hold more than 3 currencies in spot positions. Don't think that you can get the increase of each project, because your funds are too scattered, and one profit and one loss is equivalent to no profit.
Fifth: Develop the habit of cashing out during a big market. When you have overcome fear and greed, you must clearly tell yourself that what you cash out is what you own, because all transactions must be cashed out eventually no matter who is involved.
