It is really not recommended for ordinary people to speculate in cryptocurrencies. Ordinary people will only lose money if they do.
It is really not recommended for ordinary people to speculate in cryptocurrencies. Ordinary people will only lose money if they do. If you want to make money, I have come up with several factors based on my experience in these years. You can refer to them, but they may not be useful.
1. Don't bring emotions.
Emotional opening is the most fatal. Some people lose their minds after a long period of liquidation or losses, and they can't wait to increase their positions and money to continue. In short, they don't believe in evil. But it is often so evil.
2. Don't use high leverage.
I also use leverage myself. After all, it is a small amount of money, and it is meaningless not to use leverage. But leverage should not be too much. Personally, I think that leverage exceeding 5 times should not be touched.
In fact, the most stable is spot. If you want to make stable money, you must rely on spot. Most of the money I earn now comes from spot income, and most of the time I just open a 1x short position to hedge.
3. Take a long-term view and don't do short-term trading.
It is fast to make money by playing short-term trading, but you can't play it for a lifetime. If you want to make money for a long time, you have to do long-term investment. Try to open only one or two positions a week. Even if you don't have 80% confidence, don't open a position and wait and see.
This is also the time to test your emotions. If you control your emotions well, you can bear not opening a position for a long time. Waiting for a suitable opportunity
4. How big is your head, how big is your hat.
Try to invest as much money as you can afford in the currency circle. Some people invest hundreds of thousands of dollars at any time. I'm not saying that you will be under great psychological pressure.
Suppose you see yourself losing tens of thousands of yuan every day, how do you feel? This psychological pressure is unbearable for ordinary people. Only those rich people can face it calmly, because their assets are more than that, and tens of thousands of yuan are a drizzle for them.
On the contrary, you only play a few thousand yuan. Even if you are stuck, you will not panic. Your thinking will be very clear, and you will know how to operate next to get through this period safely.
Recently, I am preparing to ambush a project that will soar in the short term. It is no problem to double it. Friends who are interested but have no direction can like and leave a message 333 for free sharing.
