If Bitcoin’s market share decreases and its price increases, altcoin prices will rise.
- If Bitcoin’s market share decreases and its price decreases, altcoin prices will either stagnate or rise.
- If Bitcoin’s market share decreases and its price stagnates, altcoin prices will rise.
You may already know how the market works, but without a system, you cannot effectively manage emotions. Here are some trading rules to remember:
- Treat market gains as a salary, not lottery winnings.- Respect your money and do not squander it. There is no such thing as getting rich overnight. Only consistent and consistent efforts can lead to victory.- Buy on expectations, sell on news.- Don’t show up after the party is over. When the news comes out, it’s time to sell, not buy. If you buy too late, you will only be pleasing those who bought too early and are now laughing in their new Lamborghinis. If you didn’t already own a token, would you buy it right away from your wallet? Even if the investment was bad, people are often reluctant to accept losses or realize that they made a bad investment. They often come up with endless reasons to explain why they are holding onto those tokens. When losses occur, if you ask yourself the question above, you may be surprised at the amount of excess assets you have.