Advice on Trading Cryptocurrencies: Newbies Shouldn't Rush into Contracts,

I entered the cryptocurrency space in 2017, and back then, I went through ups and downs with altcoins and contracts, but now I've made some money with my assets increasing by tens of thousands of times. In 2019 alone, I made over ten million. I'm not here to show off; I want to share some valuable insights to help you avoid unnecessary detours and achieve financial freedom sooner.

First, you need to understand that trading cryptocurrencies is not a get-rich-quick game. Many people come in thinking they can invest a few thousand and make millions in a few months. This mindset will ultimately lead to significant losses. You must realize that trading cryptocurrencies is a long-term battle that requires maintaining rationality and awareness of risks.

You need to research projects to know what you're investing in, use CoinMarketCap and CoinGecko to check market capitalization and circulation, and use Messari and Glassnode to look up on-chain data. You should also read white papers to understand the project's technology and application scenarios. The team's background is also very important; projects backed by top institutions generally perform well. Don't forget to check the community and development activity, which can be found on GitHub.

Adopt a single strategy and build your position in batches to avoid risk. The market is highly volatile, so you need patience and wait to add to your position during pullbacks or sideways movements. Also, don't forget to set stop-loss points; don't let a single failure eliminate you. Trading cryptocurrencies also requires understanding the trend and using technical analysis to identify rebound points while paying attention to market sentiment. When a certain cryptocurrency starts gaining popularity, it may be about to rise.

The most important thing is taking profits; you need to set profit targets and sell in batches. Don't miss opportunities due to greed. Trading cryptocurrencies requires strategy, knowledge, and patience. Don't expect to get rich overnight; you need to build steadily. Most importantly, learn from your failures so you can seize the next opportunity that comes along.

Opportunities are something you wait for; don't rush to make decisions and seize your own opportunities. Don't be tempted by opportunities that don't belong to you. Trading is not about getting rich from a single transaction, but about sustainable earnings. Professionalism creates value, and details determine success or failure. If you feel helpless or confused in the cryptocurrency space, I hope my sharing can bring you some inspiration and help!

As for the upcoming layout direction, I will lead everyone to aim for profitable opportunities with altcoins, with an expected upside of over ten times being perfectly reasonable. Like and comment, and I'll guide you through the entire bull market!