Here are some ways for novices to make money in the cryptocurrency market:
1. When you first enter the market, don't rush to make money, but learn quickly. If you don't understand that exchanges may collapse, how assets cross chains, and the basic concepts of blockchain, how can you make money?
2. Experience more failures, practice diligently, and rely less on others. In the cryptocurrency market, everyone has different opinions. Speculators may think investors are stupid, while investors may think speculators are pests. Some people may say that a certain project is a great innovation, while others may think it is just a concept. In this market full of scammers, who should you trust? It is best not to trust anyone easily.
3. It is important to join a good circle. The level of most group chats may be similar to the chat of old people on the corner, but a high-quality circle can at least let you see the real situation of the cryptocurrency market.
4. Investment is a personal matter. This means that investment ultimately needs to rely on yourself. Other people's analysis and thinking can only be used as a reference. You need to study independently and form your own investment framework.
5. Which is better, contracts, short-term trading, holding coins, arbitrage, or NFT? The one that suits you best is the best. But contracts and short-term trading are usually not suitable for most people.
6. How to find coins that can appreciate a hundred times? If you don't even know the basic concepts and ask around, this mentality is unlikely to allow you to find coins that appreciate a hundred times. It's not easy to make money in the cryptocurrency market.
7. Patience is the basis for making money. You may need a long time of learning and being cheated to truly understand the cryptocurrency market. Cherish every experience of being cheated, because these are the lessons you must go through on your investment journey.
8. Follow the basic rules of the cryptocurrency market. If you lose money, admit it; if you are cheated, accept it. Real masters usually don't complain, but focus on improving themselves.
9. Learn and practice at the same time. Some people may say that they have learned a lot of concepts, but they still feel abstract. The right way is to learn and practice at the same time and experience different projects.
10. As long as you work hard, you can become a big boss one day. Whether others are leeks has nothing to do with you. What you need to focus on is improving yourself.
In the cryptocurrency market, there are two main roles: dealers and retail investors. Retail investors usually become the dealers' receivers. In a market where project owners and exchanges are highly controlled, all the information you come into contact with is carefully designed by dealers. Under the control of algorithms, exchanges can even make you lose everything. Most of the online comments about the coming of the bull market and the timing of entry are just rumors spread by dealers to cut leeks. If you believe these comments, you may fall into a trap.
In a bear market, you should dare to buy at the bottom and hold on; in a bull market, you should control greed and sell at 3-10 times the profit. Short-term trading must make at least 30% profit, and medium-term trading must make at least 100% profit. This is the basic rule of the cryptocurrency market.
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