The Ten Commandments for Surviving in the Crypto World, let's encourage each other.

1. Do not easily be deceived by low-priced chips, stay firm in your belief, and prevent the dealer from hammering and dumping.
2. Chasing after rising prices and selling when prices fall is always a taboo. The major trend is favorable. It is better to build a position in stages when prices fall, which has lower risks, lower costs, and higher profits.
3. Reasonably allocate profits, maximize the release of funds, instead of constantly increasing the position and depositing funds
4. Sell quickly when the price rises sharply, hold onto your coins when the price drops sharply. Maintain a positive mindset at all times, avoid speculation, impatience, greed, fear, and unprepared actions.
5. The front ambush or private placement of low-priced coins relies on experience and the speculation of the future of this coin by the institutions. The later secondary market game relies on technical and news aspects to follow the institutions. Do not reverse the primary and secondary, and end up in a mess.
6. Build a Position, dump, must be layered and segmented, gradually widen the price range, effectively control the ratio points of risk and profit;
7. Familiarize yourself with the spillover effect, pay attention to the market when transferring coins, and also keep an eye on the movements of other coins. Each coin does not exist in isolation in the overall market trading. Although it seems to have no connection, in fact, there are intricate interconnections. It's important to understand the spillover effect for coins.
8. The allocation of positions should be reasonable, and the allocation of hot coins and value coins should be reasonable. Pay attention to the ratio of resistance ability and profit intake. Being too conservative may miss opportunities, while being too aggressive may face high risks! The biggest characteristic of value coins is stability, while the biggest characteristic of hot coins is high volatility. They could either skyrocket or go to zero with just one battle.
9, there are coins on the market, money in the account, and cash in the pocket, which is the safest and most reassuring standard configuration. You can't go all in; going all in will lead to death. The key to controlling risks and reasonable fund allocation determines your mentality and success or failure. Investing spare money is the foundation.
10. Master the basic operations, learn to apply the knowledge to other situations, grasp the basic trading strategies, observation is crucial, remember the highs and lows of each time as reference data, learn to keep records, learn to summarize materials on your own, develop reading habits, cultivate the ability to filter and select information.