New to the cryptocurrency world? Beware! Seven invisible traps, a little carelessness will make you lose all your money!
The cryptocurrency world, this mysterious place that seems to be full of endless wealth, actually hides many traps. The following are seven deadly pitfalls, be sure to avoid them carefully!
The first pitfall: domestic coins and domestic disks, traps in traps!
Don't be fooled by the gorgeous appearance and tempting promises, they often hide unknown secrets. If you step into these traps, you will suffer heavy losses!
The second pitfall: contract trading, a high-risk game!
Unless you have superhuman insight, don't easily get involved in contract trading. This is more like a gamble. Once you fail, your principal will be gone.
The third pitfall: local dogs and golden dogs, gorgeous appearance but hidden murderous intent!
In the cryptocurrency world, many projects seem to be infinitely prosperous, but they are actually hidden risks. To identify their true colors, you need to have a deep understanding of the narrative of the team, community, and project. But remember, this requires you to have excellent English skills and rich network experience. Otherwise, it is easy to be fooled by these "local dogs" with bright appearances!
The fourth pitfall: blindly following orders and buying is equivalent to falling into a trap!
Don't think that following the so-called "great god" can make a steady profit. They often take advantage of your greed and make money from your losses through "following orders" and other methods. Keep independent thinking, invest carefully, and don't let your wallet become someone else's ATM!
The fifth pitfall: groping alone, inefficient and risky!
As a newcomer, groping alone in the currency circle is tantamount to a blind man touching an elephant. Find an experienced mentor who can help you avoid many detours and save precious time and energy.
The sixth pitfall: Only layout when the bull market comes? The best time has been missed!
Real investment masters always make layouts before the bull market comes. When the bull market really comes, they have already enjoyed the fruits of their labor. So, don't wait until the bull market comes to think of layout, it will be too late!
The seventh pitfall: Over-superstition of technical indicators and neglect of mentality training!
Technical indicators are important, but more important is your mentality. A successful investor must be able to calmly face market fluctuations, whether it is floating profit or floating loss. Otherwise, even if you master all the technical indicators, it will be difficult to gain a foothold in the currency circle.
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