$LUNA Trading cryptocurrencies for many years, from 1000U to 20 million, these insights are earned through experience. Understanding a bit can save you from many detours.
1. The easiest place to get scammed in a bull market
Popular coins are actually high-risk areas. The faster they rise, the more likely they are to be controlled by market makers. Jumping in after a significant rise is basically just catching the last wave.
New coins are even more so. Exchanges love those that skyrocket upon listing and then immediately crash. Ninety percent of retail investors will get harvested.
$PIPPIN The advice is not to chase coins that have already skyrocketed. Observe new coins for a while; wait for sentiment to cool down before acting.
2. The tricks of altcoins are quite simple
Violent washing, step-wise increases, and skin-swapping harvesting are basically the same old tricks. Most altcoins have a pitifully short lifecycle, so treat altcoins as small bets. Take profits when you earn, and don't get too attached.
Don't rush into coins that are rising rapidly; they are usually speculative plays, not long-term opportunities.
3. The real money is still in long-term investments
BTC and ETH have outrageous returns when viewed over the long term, but you need to be able to withstand pullbacks. Mainstream coins are best suited for regular investments and storing in cold wallets.
Real dark horses often accumulate silently when there is little volume. Pay attention to on-chain activity and project progress, not just market noise.
In the latter half of the bull market, many mainstream coins will catch up, so be sure to leave some position for the right side.
4. Trading mindset
The market always moves against human nature. To overcome this, use a fixed rhythm for buying and selling. Add a bit when it drops, and reduce a bit when it rises.
If you see a sudden drop after breaking a previous high with low volume, that’s a selling signal; it’s time to exit.
After a prolonged sideways movement, it often prepares for a big move. Once the volume breaks out, it’s easy to see a significant trend.
$AXL Finally, remember that surviving in the crypto space is more important than making quick money.
As long as you don’t blow up, don’t gamble everything, and don’t rush recklessly, you’ve already outperformed most people.
