Several pieces of advice for new and experienced investors in the cryptocurrency market! Reading this carefully will save you from taking detours:
First piece of advice
The cryptocurrency market has completed its period of wild expansion, and the next stage is formal financialization, where capital institutions compete with each other.
Don't dream of investing a small amount and reaping dozens or even hundreds of times your returns.
Second piece of advice
Investing in the primary market can indeed yield high returns for small investments, but those who recommend you invest in the primary market won't tell you that 99% of projects will fail.
Even if a project is listed on a smaller exchange, when some key opinion leaders are dumping their shares, they are likely to tell you to hold on while they exit first.
Third piece of advice
While leveraging and going all-in on contracts can make a lot of money, it can also lead to significant losses.
I doubt anyone will tell you that the essence of trading is in rolling your positions, not just how much profit you make on a single trade.
Fourth piece of advice
Generally speaking, when someone is frantically promoting a certain coin, it usually means the end is near. At this time, if you already hold this coin, you might consider selling. If you don't hold this coin, it's best not to enter the market now, as there's a 90% chance it will be a bad investment.
Fifth piece of advice
If you are a college student, prioritize your studies and treat trading as a secondary activity. If you are a youth under 25,
focus on self-improvement first and trading as a secondary activity. If you are under 30, prioritize finding a stable source of income and consider trading as a secondary activity.
Trading is a tough battle, not something that can be achieved overnight.
At the same time, trading is also a time-consuming journey. Even exceptionally talented traders need to work for five years to achieve financial freedom.
Having excellent off-exchange earning capabilities and platforms that provide your funding can significantly contribute to your success.
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