Twelve pieces of advice for newcomers in the cryptocurrency circle!
First piece of advice: The cryptocurrency market has gradually moved towards formal financialization, and competition among capital institutions is becoming increasingly fierce. Don't fantasize about easily getting a hundredfold return. Under the current market sentiment, ten-fold coins are already rare treasures. Even if the bull market comes, it is rare to see doubled coins.
Second piece of advice: The primary market may seem tempting, but 99% of the projects will eventually return to zero. Be wary of those KOLs who advocate your holdings, they may have secretly retreated, leaving you alone to face the risks.
Third piece of advice: Contract trading is very risky. Full warehouse and full multiples may bring huge profits, but they may also lose everything. The essence of cryptocurrency trading lies in steady operation, not a single huge profit.
Fourth piece of advice: When a certain currency is wildly hyped, it often means that its market is nearing its end. At this time, holders should carefully consider leaving the market, and non-holders should avoid entering the market to avoid becoming a receiver.
Fifth piece of advice: Stable studies, careers and income are the cornerstones of life, and cryptocurrency trading is only a supplement. Trading requires patience and perseverance, and it is not a one-day job. Excellent off-site earning ability and a stable source of funds are the key to successful trading.
The sixth piece of advice: Good fortune and bad fortune are interdependent, and money does not come in a hurry. Stay calm when trading, do not be proud of profits, and do not blame yourself for losses. Understand that profits and losses come from the same source, summarize experience and lessons, and emotional people find it difficult to trade well.
The seventh piece of advice: The secret of making money will not be shared easily, be wary of those who advocate the huge profits of a certain currency, they may just want to cut your leeks.
The eighth piece of advice: Do not blindly believe in the position income posted by others, these may be one-sided words. In fact, many people's transactions are losses. The purpose of their earnings may be to gain your trust, and then induce you to follow their operations.
The ninth piece of advice: The probability of contract traders eventually returning to zero is extremely high. Human desires are endless, and it is difficult to resist the temptation of gambling. Once out of control, previous earnings and principal may be wiped out.
The tenth piece of advice: Pay attention to bloggers who share their experiences, rather than just those who promote or show their earnings. Real learning can bring growth, not blindly following others.
The eleventh piece of advice: trading requires your own insights and strategies, not blindly following others.Learning from others' experience can be used as a reference, but finding your own way to make money is the key to stable income.
The twelfth advice: It is beneficial to communicate with old people in the cryptocurrency circle, even if they have been trading for many years and still lose money. Learn from their failures and avoid repeating the same mistakes. Do the opposite, and you may find a shortcut to profit.
As your cryptocurrency guide, I will continue to provide you with in-depth analysis and practical suggestions. I am only a free blogger, just to grow with you. Let us explore the cryptocurrency circle together and find your own way to wealth! Follow me, so that the road to the cryptocurrency circle is no longer confused
