If you want to buy Bitcoin, I have some advice for you. First, don't enter the market when the market is the most enthusiastic and everyone is talking about it. Avoid being tempted by other people's stories of getting rich quickly. A little greed may make you fall into it and eventually lead to heavy losses.
Remember, the volatility of the currency circle will greatly magnify people's greed, which is often difficult to control. Before investing, please be sure to recognize your greed and learn to overcome it. Don't say that you can control everything lightly. True cognition comes from practice.
In terms of mentality, it is crucial to stay calm. Cryptocurrency speculation should not be the whole of life, let alone lose reason and life itself. The value of life far exceeds any investment income.
If you want to avoid losses in the currency circle, here are some key suggestions:
Stay away from contract trading: Making money from contracts is often a low-probability event. No matter how others brag about its simplicity and high returns, don't try it easily. If you are lucky enough to make money on your first try, it is likely to be a short-lived illusion, so don't indulge in it. If you are over 26 years old and have not yet made significant achievements in the investment field, then please face your mediocrity and be cautious about high-risk investments.
Avoid entering the market during a bull market: The market is enthusiastic during a bull market, but it is often the time when the risk is the greatest. You may make a short-term profit after entering the market, but you will soon face the risk of asset shrinkage. Therefore, it is recommended to gradually build positions when the market is relatively sluggish (such as at the end of a bear market) to obtain long-term returns more safely.
Choose investment targets carefully: Do not blindly pursue high-heat and high-growth currencies. These currencies are often extremely risky and may eventually return to zero. On the contrary, choose to invest in the top 20 currencies by market value, or directly invest in mainstream currencies such as Bitcoin and Ethereum. Although the returns may not be as amazing as those of popular currencies, they are more stable and safe.
At present, I am more optimistic about the Ethereum chain Musk concept 𝒑𝒖𝒑𝒑𝒊𝒆𝒔, holding 16,000 coins, community CTO, and a market value of 10 million US dollars.
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