Survival Guide in the Cryptocurrency Circle: 11 Key Rules for Newcomers

In the world of cryptocurrencies full of temptations and risks, countless people have entered the world with the dream of wealth, but most of them have returned empty-handed or even lost everything.

However, newcomers to the cryptocurrencies are not destined to repeat the same mistakes.

The following 11 key rules will reveal the truth and the way to success in the cryptocurrencies.

First of all, abandon the fantasy of getting rich overnight.

Although there are legends of getting rich overnight in the cryptocurrencies, they are rare. Don't let this unrealistic idea dominate your decision-making.

Small-scale multiple trial transactions are a safe way for novices to accumulate experience.

Through multiple small-scale transactions, you can gradually become familiar with the market rules and reduce risks.

Those bloggers who claim to make money for you may not really want to make you rich even if they earn more than 20,000 yuan a month.

Their purpose may not be your profit, but other plots.

Contract trading is like an abyss, be sure to stay away!

It is extremely risky. Once you make a mistake, the consequences will be disastrous.

The coins purchased on the exchange need to wait patiently for time to settle. If you are eager to make quick money, you may try your hand in the primary market, but be cautious.

You must be aware of the profitable nature of the currency circle. Every bit of your gain means someone else's loss.

If the funds invested in the currency circle are idle money, you have already surpassed most players in mentality and have an advantage.

For coins that have fallen too much, especially those that have fallen by dozens of times, they are worthless and should not be touched.

For coins that have fallen by about 10 times, you may boldly try to buy them and wait for the opportunity to turn around in the next bull market.

If your goal is only a few times of profit, mainstream currencies such as BTC, ETH, BNB are enough to meet your needs, and other currencies can be ignored.

If you are eager for a hundred or even a thousand times of huge profits, you must study a certain currency in depth, enter the warehouse in batches and hold it firmly.

It is crucial to have a big picture, otherwise you will eventually get lost in the ups and downs of the currency circle and exhaust your energy and wealth.

No matter how tempting the profits in the cryptocurrency world are, it can only be a side job.

Giving up your job to join the cryptocurrency world often means that the nightmare of losing money is about to begin.

For those who are new to the cryptocurrency world, keep these 11 rules in mind, and you may be able to find your own wealth in this turbulent ocean of the cryptocurrency world.#Meme板块普涨 $BTC