Experience Sharing on Cryptocurrency Speculation

After reflection and summary, 8 iron laws are given to newcomers.
1. Don't panic and just get on board:
When you hear that others are making money, you may feel itchy in your heart, but don't rush in. You need to understand some basic things first, understand what Cryptocurrency Speculation is all about, and then consider investing money.
2. Be careful not to chase falling prices when investing:
Don't follow others blindly and don't blindly buy what others buy. By the time you know what others have bought, it might already be too late. It's better to wait patiently for a good opportunity before taking action.
3. Don't put all your money in one thing:
Don't put all your eggs in one basket. Invest in a diversified portfolio, buy several different ones, so that the risk is spread out.
4. You have to set a bottom line for yourself:
Think about the long-term losses you can bear, don't throw all your money in just to take a gamble. Set a stop loss point and stop quickly when you reach a certain level of loss to protect your principal.
5. long study, don't mess around:
Do you want to learn about the knowledge of the crypto world, such as checking the basic situation of a certain coin and listening to what professional players say? Don't just listen to those baseless rumors and gossip.
6. Don't be too greedy:
When you see some profits, you may want to go long again and earn more, but you may end up losing everything, not even a penny left. Take out a portion of the profits in time, don't always think about going even longer.
7. Don't be led by emotions:
The market Fluctuation is big, don't panic like an ant on a hot pot because others are anxious, don't rush to sell, and don't blindly chase rising prices just because others are buying.
8. Time is your fren:
Don't worry, time will help you. Don't think about getting rich all at once. Be patient, take it slow and steady, and slowly make money.