🏆 GOLDEN RULES IN #CRYPTO📷 Part 2
(Rules to win in Crypto) 🏆📈💰
1-Start from small numbers:
In fact, in the first year, the majority of people participating in the cryptocurrency market will face difficulties and even lose money.
(Let's start and accept losing the least amount of money possible because at first you will lose everything)
So instead of starting with a large amount, start small. This helps you learn and gain experience without having to face huge risks from the beginning.
2-Learn about finances yourself:
Never completely trust financial advice online. The cryptocurrency market never stops, and even project operators can change their thinking or actions at any time. Doing your own research and understanding is the best way to make informed financial decisions.
3-Dividing the ratio of investment in and out:
Avoid investing the entire amount at once and do not sell the entire asset when it reaches the target price. Instead, apply the dollar cost averaging (DCA - Dollar Cost Averaging) investment strategy to minimize risk.
4-Prevent fraud:
Be wary of messages or contacts from unknown sources, as most are scams. Don't share personal information or offer money to unknown people.
5-Master technical knowledge and risk management:
Before you start investing, study technical analysis (TA) and develop a specific money and risk management plan. This helps you have a specific strategy and understand the risks you are facing.
6-Smart capital management:
Do not invest all your money in the market, even if there is an opportunity to buy at a low price. Always keep a portion of your funds in a stable cryptocurrency wallet like USDT to ensure you have cash available when needed.
7-Do your own research and be careful with information sources:
Do your own research and do not completely rely on advice from experts or KOLs (Key Opinion Leaders).
Any source of information may be subjective or may not reflect reality.
8-Diversify investment:
Avoid focusing too much on one cryptocurrency. Diversification helps reduce risk by spreading investments across many different assets.
9-Limit the number of investment projects:
Don't invest in too many projects, as this requires a lot of time and energy to track and manage. Focus on a few projects that you truly believe in.
10-Take advantage of opportunities even when the market drops:
Not only make money when the market goes up, but also when the market goes down. There are opportunities arising from market fluctuations.
11-Avoid leveraged and futures trading:
Margin trading and futures are often very risky, and it can lead to large losses. For newbies, this type of trading should be avoided.
12-Focus on long-term holding:
Short-term trading often requires in-depth knowledge and skills. Focus on long-term holding, but don't forget to monitor the market and project situation regularly.
13-Monitor project progress:
When you invest in a specific project, always monitor its progress, including changes in the team and development plans.
14-Evaluate yourself objectively:
Don't rate yourself too low or too high. Go through your decisions rationally and don't let your emotions take over.
15-Diversify your investment portfolio:
Invest in various cryptocurrencies to minimize risks. Consider allocating money across different asset classes.
16-Avoid community market news:
Do not rely too much on information from the community or be influenced by media information. Markets are often volatile and have natural fluctuations.
17-Control your emotions:
Don't let emotions influence your investment decisions. Always remain calm and rational while investing.
18-No need to buy expensive courses:
On the#internetthere are many free learning resources about cryptocurrency trading and investing.
Take advantage of these resources and resources before investing in expensive courses.
In short, newbies should read this article carefully!
The crypto market is still there, don't win or lose with it.
Dear
