The 9-Year Blood and Tears History of the Cryptocurrency World: 10 Iron Rules to Help You Make a Comeback!

I have been in the cryptocurrency world for 9 years, from the miserable state of selling houses and renting, to making millions from a few thousand borrowed.

I have summarized 10 practical iron rules; if you can follow more than 5 of them, you will be able to leave 90% of the speculators far behind!

If the market crashes but a certain coin does not fall, it is highly likely that there are market makers supporting it. Hold on tight, there will be profits ahead.

Newbies should look at the 15-minute and daily charts for short-term trading. If the price is above the line, hold it; if it breaks, run; for medium-term, focus on the daily chart, and don't get confused by complex indicators.

If a short-term coin has no movement for three days, decisively switch. If you buy and lose 5%, immediately cut your losses; do not hesitate. If a coin is halved from its peak and then falls for nine consecutive days, it is basically at the bottom, and a rebound is imminent, so you can decisively enter. When playing with coins, chase the leaders, those that rise sharply and resist falling.

Don't be greedy and buy coins that are falling; be brave enough to chase rising prices and cut losses. Do not blindly catch the falling knife; coins that are falling have no bottom line, and if you need to cut, then cut. The trend is more important than the price. Don't get complacent with profits; continuous profits show real skill. Reflect after each profit: was it skill or luck? Develop your own trading strategy.

If you are not sure, stay in cash; it's not shameful to be in cash, losing money is what hurts. Trading is about success rate and profit-loss ratio, not just speed. New coins rely on hype to rise initially, but without fundamental support, they can plummet as soon as sentiment changes.

The cryptocurrency world relies on consensus; it's valuable only when everyone agrees. Only when the collective effort pushes the project can wealth be harvested.