The world of virtual currency trading is full of temptations and risks. In order to move forward steadily in this complex and ever-changing field, we must clearly know which people we should stay away from and which people we should make friends with and get to know.
First of all, you must stay away from those people and bloggers who have high leverage and high returns. They post hundreds of percentages of returns on online forums every day, and the leverage is set to more than ten, dozens or even hundreds of times. There is no doubt that they are most likely to attract your attention and then defraud your money. If you have basic knowledge of stocks and financial transactions, you will understand that leverage of more than three times or five times is no longer a technical transaction, but a pure "banker and player" game. Let me ask, with such a high multiple, do they really understand technical transactions and market analysis? Behind this seemingly tempting high return, there are often huge traps, and if you are not careful, you will lose all your money.
What we should make friends with and get to know are those who remain rational in financial transactions. Just like my friends, they basically control the leverage of 1-3 times when conducting contract venture capital, and have 100% risk control reserve funds to deal with extreme situations. Maybe you think that such returns are very low, but in the field of financial venture capital, losing the principal is equivalent to losing all opportunities. How can people who don’t even have opportunities talk about the "future"? Since we started trading in 2020, we have experienced the rise and fall of the market, and those so-called high-leverage masters are nothing but passing clouds and smoke. The friends around us always maintain simple trading habits, buying when the price is low and selling when the price is high. They do not pursue short-term profits, but focus on long-term investment plans.
Stay away from people who speculate with high leverage in the short term. This is the answer given to us by past history. Make friends with people who have long-term investment plans, because they are patient, have rich experience and knowledge, and have absolute risk control capabilities. As Buffett said, investment is like a marathon, not a 100-meter sprint. In this long journey of virtual currency trading, we need to walk with those who can accompany us to go further and more steadily.
Let us keep a clear head, stay away from dangerous temptations, make the right partners, move forward steadily on the road of virtual currency trading, and create our own future🎉.
