Cryptocurrency Investment: What Are You Investing In?
1. You're investing in trends.
No matter how good a project is, investing in a poor market environment is likely to result in losses. However, when the trend is upward and expectations are high, even the worst projects will rise. Therefore, the first rule of investing is to follow the trend and not go against it.
2. You're investing in popularity.
The popularity and promotion of a project are also very important. Popularity is inherently valuable; when a project is highly discussed, some people will inevitably enter the market. But if a project is good and no one is talking about it, can you buy it? No, unless you want to be a market maker.
3. You're investing in the leading projects of each sector.
A simple example: if even the leading projects aren't rising, how can the knockoff projects expect to rise? Will they rely on the funds of market makers to push the prices? After they rise, would you still dare to buy?
4. You're investing in opportunities for profit.
Why come to the cryptocurrency space? Because the opportunities for explosive growth in cryptocurrency are greater than in other investments. Since you’re here, you should have imagination. If you invest in reliable projects and avoid contracts, generally speaking, losing half of your investment is the worst-case scenario, but the upside could potentially be 100 times. That's the allure of cryptocurrency.
5. You're investing in consensus.
The consensus in the cryptocurrency space is to believe that blockchain technology can change the world.
To believe that Bitcoin (BTC) will be recognized by more and more people.
To believe that Ethereum (ETH)'s innovations can allow more people to experience the charm of smart contracts.
If you want to avoid taking the wrong path, leave a '666' in the comments.
