Some suggestions for novices entering the cryptocurrency circle:
1. Be familiar with the trading software: First of all, you must be familiar with the interface of the trading software, the market viewing tools, the functions of querying currencies, etc. You can observe the trend without actually buying, which will be very useful when reviewing. This is the basis, and people around you who have experience in cryptocurrency trading can tell you.
2. Self-positioning: According to your personality characteristics (such as aggressive, stable, etc.), family environment (single, married with children, etc.) and fund attributes (salary, family savings, leveraged funds, etc.), choose a model that suits you.
3. Split warehouse operation: Divide the funds into several parts, and take part of the money to play first, just as buying experience. If you lose all the money, you should summarize how the money was lost and correct your own model. Don't blindly increase your position, otherwise you may get deeper and deeper.
4. Independent thinking: Cryptocurrency trading is lonely, and you must develop the habit of independent thinking, but you can also communicate with others and have your own opinions.
5. Be cautious when adding profitable positions: When you are making stable profits and feel that you have little money, don't blindly increase your investment and stay vigilant. This may just be that the market fits your model and you are lucky. At this time, you should stay sober. You can add positions, but you should leave room to prevent heavy losses after failure.
6. Experience volatility: If you have not experienced several doublings and halvings, you may not understand some things that others tell you. When you have experienced all these and can really make stable profits, your ability may have exceeded your account funds. At this time, you can consider increasing funds to make your business bigger and stronger.
7. Set a deadline: Set a deadline for yourself. It does not mean how long you have to achieve great success. It is enough to not lose money. Don't let cryptocurrency speculation affect your life. In reality, you still have many roles and responsibilities to bear. People who speculate in cryptocurrency are often selfish. Don't lose yourself.
8. Risks in the cryptocurrency circle: Once you enter the cryptocurrency circle, it is as deep as the sea, and everything will be floating clouds from then on. The risks in the cryptocurrency circle are relatively high, so you need to be cautious.