Sharing of experience in the cryptocurrency circle:

1. The cryptocurrency circle rises and falls together. The rise in the bull market does not need value support, but only a reason for the rise;

2. Don’t talk about faith with the copycat, just cut your losses when you should;

3. Time is a friend of Bitcoin, but an enemy of copycat coins;

4. The value foundation of copycat coins lies in continuous innovation. Once innovation stagnates, the value will collapse. The value foundation of Bitcoin lies in its immutability. If you are trapped by Bitcoin, there will definitely be a day to get out of the trap, but the copycat coins may not;

5. The only ones suitable for left-side trading are Bitcoin and Ethereum. The biggest risk of copycat coins is zeroing out;

6. At the beginning of a bull market, only BTC is healthy if it stands out, so first build a position in Ethereum, so that you will not miss the opportunity if it rises, and you will not be afraid of being trapped if it falls;

7. There is no defensive ability;

8. Do not increase the position when the price rises. Position management is very important - try with a light position, and then increase the position significantly after the price rises. It is difficult to play without losing money;

9. The position of Bitcoin and Ethereum cannot be less than half;

10. When playing with copycats, you must take the initiative to miss the opportunity and sell it at a loss;

11. Fall in one place and get up in another place - lose money here and make it back in another place;

12. The biggest cost after being trapped is the opportunity cost;

13. The core of playing with copycats is to know how to sell;

14. Only eat three-quarters full. The fish head and tail are not so delicious. Leave them to the dealer. Wait until the leader comes out before eating the fish belly with high certainty;

15. When playing with copycats, you must have a light position. A heavy position will ruin your mentality, and your mentality will ruin your operation. The operation will lead to losses.

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