How to survive in the currency circle. Novices who have just entered the currency circle recommend that you must read it:

1: Only invest in currency assets that you understand

When we invest in a currency, we must first look at the commercial value of the currency. In the blockchain world, most people are immature investors and need risk education and code of conduct education. The so-called understanding does not necessarily mean understanding the principles and algorithms of the program, but examining the currency you are about to invest from several other dimensions:

What is its commercial value?

Take the most familiar Bitcoin as an example. It has solved the security problem of currency transmission very well and has become an asset that everyone is increasingly recognizing. At the same time, it has also become a universal currency and value target in the field of digital currency. Another example is Ethereum, which added smart contracts and achieved a complete spiritual map. Many subsequent tokens and applications were built on the Ethereum blockchain.

Its subsequent development stages and risk profile?

Whether a project is worth investing in, its development stage and risks are also factors that must be carefully considered.

2: Learn to control positions.

My understanding is don’t take the full position when you first come up, always keep a part of it.

Cash replenishment is the top priority. Many people in the market lose money because of this. You must know that no matter how good the token is, it will not only rise but never fall. No matter how good the long-term growth is, there will be short-term fluctuations.

3: Try your best to improve your ability to make money off-site and ensure continuous cash input.

4: Don’t chase the rise and kill the fall.

Don't start thinking about switching positions as soon as you see other tokens rising rapidly. I have tried several times and never made any money.

5: Split positions.

No matter how optimistic you are about a certain target, don’t hold a full position on one

Tokens.

6: Be patient.

Don't think that you are making a mistake if you don't buy it. The most lacking thing in the market is always money and not opportunities. Please remember this sentence! Don't think about making a lot of money at once, patience is a very precious thing both in the currency circle and in life.

7: Learn to quit.

You must mention it if you make it. If you don't mention it, it doesn't belong to you now. The money earned by luck will be lost sooner or later based on strength. #BTC #ETH