I wonder if you often see the phrase "stay away from contracts and cherish your life"?
Everyone enters the circle hoping to find a 100x or 1,000x coin, thinking of the saying that one day in the coin circle is ten years in the world, but now is not that era.
If you are an ordinary person without much original capital, you want to invest in Bitcoin and Ethereum to make a lot of money that can change your destiny. In the past, I would also let you buy BTC ETH, and you can make a lot of money in spot trading, but now if you don’t have much capital, BTC will rise to $100,000, which will not completely change your life.
Don’t get me wrong, some higher-risk ones may be more suitable for you. Profits and losses come from the same source. How much risk you can bear will determine how much return you will get.
Can hoarding coins in a bear market and selling them in a bull market achieve a 100-fold increase and change your life? I can tell you from my own experience that it is a delusion. Nowadays, the number of currencies in the cryptocurrency circle is even greater than the number of leeks. Financing projects are coming one after another, and the speed of listing new coins is faster than the growth rate of leeks. Look at the average increase of new coins on Binance and Eurocoin. The market value is inflated after listing, and the valuation is outrageous. Institutions continue to invest in projects and get chips with almost no cost. They keep selling them online and let leeks take over for them. The funds they cash out in the cryptocurrency circle are drained by them. The daily trading volume is 10 billion, and the valuation of a project listed is 10 billion. The liquidity of the entire market is less than 1%. At present, there is a serious anemia. Perhaps this is the nature of the speculative market.
In this market, you need to master a skill. There are many things that can be done in this industry. Unless you have experts around you, it is difficult for you to keep up with the pace of the industry. If you want to improve your cognition, the only fastest and most effective way is to ask experienced people or read books. You must remember to master one thing, don't try to grasp everything, otherwise you may not be able to do anything. Of course, please put aside your prejudice and laziness, invest your energy, collect information, and conduct in-depth research. This is far more important than money.
First of all, we must recognize the situation and ourselves. The purpose of coming to this circle is to change our lives. Please build a complete plan for yourself. When to buy? When to sell? What to buy and what is the strategy?How to do risk control?