Cryptocurrency trading is not as simple as you think. It is not that you can make a lot of money by reselling. A qualified cryptocurrency trader must not only understand the economy, follow the news, understand national policies, care about the international situation, study the fundamentals and technical aspects of virtual currency, but also constantly fight against his own fear and greed. You must have a big heart, withstand the ups and downs, from nothing to something, from something to nothing, withstand temptation, and endure torture. It can be said that people who survived the cryptocurrency circle are basically indomitable, immune to all poisons, and tempered into steel.
Three principles of gold mining: Principle 1: Strictly control the position of 50% of the position, retreat to defend, advance to attack. Don't be full at any time. Once the full position falls sharply, even the gods can't save you. Principle 2: Once it has risen 2-3 times, you must sell half of it first. After recovering the cost, we will slowly play with the dealer with the profit, and we will slowly sell it when it reaches our own price. We leave 10% of the bottom position to avoid missing the benefits given by the strong dealer's urgent pull. Principle 3: When the market is crazy and everyone is chasing the rise, you must slowly sell your chips in stages and batches. Don't be superstitious about the numbers in your account. Only the money in your pocket is yours. The platform account is just a string of numbers.
Three secrets for trading coins! Secret 1: Don't put large funds randomly on small and informal websites for trading coins. Other websites are gone. If you want to play, go to formal large websites, such as Huobi, Bit Era, etc. Secret 2: There are so many crowdfunded coins recently. Please keep your eyes open. It's not that you can't invest in them, but there are many pitfalls. Be cautious, don't try your luck, understand clearly, don't invest just because they come out for crowdfunding, that's like gambling and trying your luck. Secret 3: The currency circle has been relatively sluggish recently, and the overall market is cooling down. Short-term operations are mainly wait-and-see. For long-term investment, you can choose the top 20 high-quality coins in the world, and you can build positions at low prices in batches. (Remember, don't go all-in, that is, don't buy a lot of coins at once and invest too much money. You can start with a half-position, half of the coins, control the risk and funds, and then when the price goes up or down, you can add to the position in time and stop the loss. This will be more conducive to making money. If you don't add to the position in time, you can minimize the loss. Speculating in coins is to make money, so you must be prepared to avoid unnecessary losses.）
Finally: It is crucial not to follow the crowd. Many newcomers just started to speculate in cryptocurrencies. They saw the skirt, or someone said to sell it. If they don’t sell it, it will fall sharply. In fact, this is the stupidest thing to do, because many people either have no goods at all, or they are fooling newbies, creating panic, and let you smash the market, that is, let you sell at a low price. Some people can’t stand the fear and quickly sell all the goods in their hands. After you sell it, those people will take the goods at a low price. You sell it at a low price and lose a lot. The dealer and the panic-maker will make money. The suggestions given by others in speculating in cryptocurrencies are always just suggestions. The key is to judge by yourself.
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