Why is it said that 'Bull Market is the easiest way to lose money'? 15 survival rules from the veterans of the crypto world for you

Crypto World has a saying that Bull Market is the easiest to lose money. So how do you properly survive and earn money in the Bull Market? This article originated from an article written by the author Based Money Lich King, and was compiled, organized and written by Deep Tide TechFlow. (Synopsis: The importance of Bull Markettrap now: To improve life, but also to continue investing) (Background added: Investing in Newbie Trap: Bull Market exit is difficult, but keeping profits is king) In the last market cycle, whether it was Bear Market or Bull Market, I made a lot of mistakes due to lack of experience. However, these mistakes were valuable lessons for me. I paid expensive "market tuition", but also avoided many of the pitfalls that caused me to lose almost all of my earnings. I summed up these lessons into a trap rule and strictly followed them. Today, I want to share these rules with you. The purpose of these rules is not to make you rich, that's your own business. The real point of these rules is to help you survive in this high-risk market. Know that even in the Bull Market, the risk is still there, and you can "Get Liquidated" due to operational errors. Of course, the following rules are not absolute, but they can help you drop risk in this uncertain market. Rule 1: Never be the first participant in a highly anticipated blockchain event If a blockchain event triggers a widespread follow, the first participants are usually punished. For example, Sushiswap's early investors suffered losses, as did the Otherside deeds project, and there are many similar examples. Those who bought Sushi too early ended up paying a heavy price. The right strategy is to wait patiently and wait until market sentiment stabilizes and panic dumping (FUD) or hype subsides, and then evaluate whether the risk and reward are worth it. If the entire encryption community (Crypto Twitter, CT) is buzzing about something, early engagement often fails. Rule 2: Never rush into Perptual Futures (Perps) Perptual Futures is for "whales" (giga whales), not regular retail investor's tools. Most people aren't GCR, Hsaka, Andrew Kang, or Nexus. You shouldn't trade Perptual Futures. This tool is usually used by Whale to replenish positions or make small bets with low leverage. Leverage of 10x and above is like putting yourself in the hands of the devil, don't try. Perptual Futures is one of the fastest ways to clear your funds. Rule 3: Always assume that others have malicious intent You're in the "Wild West" of finance. There is no real fren here, even if someone behaves like your fren. There are countless stories of being scammed in the market, and many people have been betrayed, attacked or even scammed by someone they trusted. You should assume that these people may be malicious strangers or even potential scammers. Don't trust anyone easily, assuming everyone will dump your assets in the market. Rule 4: Don't blindly worship founders In this market, founders are the most vigilant category. They tend to leave investors and tokenholders at a loss. For example, Do Kwon, Dani Sesta, Andre Cronje and others have repeatedly disappointed investors, as well as Chef Nomi, the Starknet team, the founder of Celsius, etc. Don't think of the founders as heroes, assuming they'll cheat on you, because they probably will. Rule 5: If the team behaves suspiciously, it must "create panic" and "pretend to care" This rule complements Rule 4. If you notice a problem with the behavior of a founder or team, you should actively "create FUD" and "concern troll" for your assets. By questioning the project's behavior, encourage more people to join the questioning team until the team abandons its suspicious behavior. Those who blindly support the team may lose everything, and you need to protect your interests. Rule 6: Never Lock-up Position Your Tokens Will TokenLock-up Position for months is one of the biggest mistakes I've ever made. Remember, don't do that! Lock-up Position's tokens may be at risk of Smart Contract being hacked. In addition, when the team knows that an investor's token is locked, they tend to do some disgraceful behavior. TempleDAO's Opening Ceremony, for example, is a case in point. Don't Lock-up Position your token so you don't fall into passivity. Rule 7: Stay away from Sisyphus Sisyphus has made a rug pull worth up to $60 million and has been at large. If possible, avoid him and the projects he worked on as "Angel Investor." In this circle, Sisyphus is the most notorious dumper. His actions can be described as "marauders" and "saboteurs" on the chain. Be vigilant and take responsibility for your assets. Rule 8: Don't Buy Big Pump Assets Don't chase assets with a parabolic big pump price. While success is occasionally possible, the probability of failure is much higher than success. Instead of taking risks, wait patiently for the market to correct. Rule 9: Follow Market Cap, Not Unit Price Many people fall into the unit price myth, especially if proponents like XRP think that XRP can go up to $10,000 or Shib can go up to $0.01. But in reality, these goals are impossible to achieve. We should judge based on whether the Market Cap is achievable, rather than simply following the price. However, if others are willing to believe in unrealistic price targets, you can also go with them. Rule 10: Remember to take profit If you currently have financial difficulties in your life, it makes perfect sense to sell some of your assets to solve them. This market will always exist, and there will always be opportunities. Many people experience gain-taking because they pursue a target number (e.g., 50,000, 100,000, 200,000). If these numbers can change your life, take profit decisively. As Foo says, the goal is to earn the equivalent of two years' salary from the market. Such financial security will make you a better trader and at the same time make your life easier. In the long run, this mindset adjustment will help you a lot. Rule 11: Don't connect unfamiliar apps Always be careful before using any new app as this could lead to theft of your assets. It is recommended to test with a smaller amount of Wallet first to ensure that it is safe before using the main Wallet. Rule 12: Don't Trust the Concept of a "Super Cycle" A "super cycle" is the idea that the market will continue to rise. Is this really a supercycle? I can't be sure. But if not, I don't want to make any more mistakes by believing in this concept. Rule 13: Don't give up in the Bear Market When we enter the Bear Market again, hopefully you've followed Rule 10 and taken profit in due time. Bear Market isn't scary, don't give up on it. In fact, the biggest gains tend to come at the end of the Bear Market. I am a living example. In Bear Market, you should focus on improving your abilities, honing your trading skills and preparing for the next round of Bull Market. Rule 14: Don't buy substitutes on topics related to "mysticism"...