Several Advices for the Cryptocurrency World!
First Advice
The cryptocurrency market has passed the period of barbaric growth, and the next phase is a battle of capital; do not fantasize about easily making dozens of times your investment.
Second Advice
The primary market offers high returns, but 99% of projects will go to zero. Those recommending new investments may not tell you this truth.
Third Advice
Going all in can yield big profits, but it can also lead to total loss. The real essence lies in 'rolling over' your investments, not in how much you make on a single trade.
Fourth Advice
When a certain coin is being wildly promoted, it is often nearing its end. Those who already hold it may consider exiting, while those who do not hold it should best stay out.
Fifth Advice
Young people should prioritize their studies, self-improvement, and stable income, with cryptocurrency trading as a secondary focus. Trading is a long-term battle, and stable off-market income can help you go further.
Sixth Advice
"Fortune does not enter a house without virtue, and wealth does not come to a hasty door." Do not be complacent when making money, and do not blame yourself when losing money. Summarize the successes and failures of each trade; being emotional is the enemy of trading.
Seventh Advice
If someone tells you that a certain coin can make you big money, be wary that they may want you to take on their losses.
Eighth Advice
Do not blindly trust those who show profit charts; they only display partial profits, and many may actually show losses.
Ninth Advice
99% of those who trade contracts will eventually go to zero. Desire is limitless; lose control once, and both your previous gains and principal will disappear.
Tenth Advice
Follow bloggers who share experiences, and stay away from those who promote profits; what you can learn from the former is far more valuable.
Eleventh Advice
To excel in trading, you must have your own insights and not blindly follow the crowd. Establish your own trading theory; others' experiences should only serve as reference.
Twelfth Advice
Engage more with 'veterans' in the crypto world, learn from their losses to avoid making the same mistakes, and perhaps you can make money by doing the opposite.
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