Newcomers to the cryptocurrency circle, remember! Newcomers, remember the ten iron laws of the cryptocurrency circle!
1. Popular coins in the bull market fall the fastest. Those coins that are hyped up, especially those with serious market control, have bubbles that burst quickly. The more people chase them, the more dangerous it is. Just like blowing a balloon, if you blow it up, it will inevitably burst.
2. The routines of altcoins are similar. The routines are generally to smash it first, then slowly pull it up, and then continue to harvest in another way. This is how altcoins are played, so you must be mentally prepared.
3. The long-term trend of the market is upward. If you look at it for a long time, the curve of the cryptocurrency circle is actually relatively stable. Short-term ups and downs are the norm, and the long-term trend is generally a slow rise.
4. No one hypes up coins with potential. Coins with real potential are often unknown at the bottom, and few people mention them. Instead, those low-key coins quietly rise, such as C98 and LEVER.
5. Be careful with newly launched coins on the exchange. Don't touch those that rise and fall sharply. This is basically a trap designed by the dealer. If you enter it, you will be cut.
6. Rise and fall are common. If you buy, it will fall, and if you sell, it will rise. This is too normal in the currency circle. If your mentality can't withstand this fluctuation, you really need to practice hard.
7. The most violent rebound does not mean that the currency with the most potential rebound is often not potential, but speculation that has been hyped up. Don't be confused by appearances. The fluctuation of the currency with real potential is relatively stable.
8. Be careful of being cut in sudden callbacks. If you buy a coin and it rises a wave, and suddenly it falls back, it may be that the dealer has started to ship. Be careful not to be cut.
9. In the second half of the currency bull market, the currency that performed generally in the early stage may explode several times in the second half. They are like marathon runners, and they exert their strength in the later stage.
10. Coins that have been trading sideways for several months may explode in the bull market. Some coins can still trade sideways for several months after experiencing several times of increase. They are likely waiting for the next wave of explosion. You have to keep an eye on such coins. If the operation is not smooth and you are confused, remember two things: one is to be strong in action and act decisively; the other is to stay online and respond promptly to news!
