Three major taboos of cryptocurrency speculation: avoid misunderstandings and make steady profits!

1. Chasing the rise is not advisable

Do not blindly follow the trend and buy when the price of the currency continues to rise. When the market is frenzy, there are often hidden potential risks, and it is easy to get stuck if you chase the high. Learn to think in reverse: buy in fear, leave in greed, lurk in depression, and take profits in time when it is frenzy.

2. Avoid all-out bets

Never put all your funds on one currency. The risk of a single currency is extremely high, and problems with the project may cause the funds to shrink significantly or even return to zero. Diversify your investments and allocate funds to different tracks or currencies to find a balance between risk and return.

3. Eliminate full-position operations

Do not invest all your funds in the market at once, and always keep a portion of spare funds. Full positions will make you unable to cope with market adjustments or new opportunities, and fall into passivity. Only by leaving enough liquidity and flexibly adjusting strategies can you reduce risks and seize more opportunities.

Summary: You need to be rational when trading cryptocurrencies and avoid the misunderstandings of chasing increases, betting everything on one throw, and operating with a full position, so that you can move forward steadily and achieve long-term profits!