The summary of 10 years of experience will help you ride the waves in the bull market!
Bull markets are the best time for investors to build wealth, but to make big money, you need to master some key strategies. Here are some suggestions based on my 10 years of experience:
1. Don’t change positions frequently
Frequent switching of positions is one of the most common mistakes in the bull market. Investors often operate frequently because they chase the rise and kill the fall, which ultimately leads to lower-than-expected returns.
2. Don’t panic if it falls, and don’t sell to get your money back.
In a bull market, currency prices will experience short-term fluctuations, but as long as the general trend is improving, don’t panic sell easily. After the capital is returned, you must hold on firmly to obtain greater returns.
3. Distinguish priorities, Bitcoin ≠ altcoins
As a leader, Bitcoin often rises first in a bull market, but altcoins/potential coins may not necessarily follow the decline immediately after Bitcoin falls. Therefore, investors need to learn to distinguish the trends of different currencies and seize opportunities in different sectors.
4. In the early stages of the bull market, deploy potential coins
In the early stages of the bull market, investors can exchange part of their Bitcoins for high-quality potential coins to gain greater profit potential.
5. Find coins with 10x potential
To earn more than 10 times the income, investors need to focus on potential coins. Due to the scattered chips of Bitcoin and old altcoins, the space for more than 10 times is relatively small.
6. Diversify investments and reduce risks
Do not bet all your funds on one currency. It is recommended to spread your funds among 5-10 potential coins to reduce risks and increase returns.
Keep the above strategies in mind to help you reap the rewards in the bull market!
Here are some additional suggestions:
Don’t blindly chase highs, learn to invest rationally. Manage your risk well and don’t invest all your money in one currency. Continuously learn and accumulate experience to improve investment capabilities.
Hopefully these tips will help you succeed in a bull market!
