Five little things newcomers to the cryptocurrency world should know
1: Don't use a wallet at the beginning. It is a safer choice to put the coins on a well-known exchange.
2: For new coins, it is best not to touch them, because their fluctuations are very large and it is difficult for newcomers to grasp them.
3: Newcomers should avoid contract trading! This is very dangerous for newcomers and it is easy to lose money. Believe me, this is something you can't grasp! If you are not sure about investing in the cryptocurrency world, you can choose to buy Bitcoin and Ethereum.
4: Be mentally prepared before entering the cryptocurrency world. A 20% drop in one day is a common phenomenon. In addition to Bitcoin and Ethereum, don't invest all your money in other single currencies, especially altcoins! They may return to zero!
5: Position allocation is very important! Never "all in", keep "bullets" in your hand so that you can respond to market changes in a timely manner.
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It is expected to increase by more than 30% in the short term, and 5 to 10 times in the long term. The more funds you have in the bull market, the more considerable the income will be!
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