How do newbies get started in the cryptocurrency world?
Newbie friends around me are often very anxious when they see the price of digital currency falling. When the price drops to 10%, they may still insist; when it drops to 20%, they are already uneasy; when it drops to 25%, they may cut their losses. When the market rises, they may miss the best opportunity, and after chasing highs, they are trapped at the top of the mountain. The market fell again and returned to the low point. Some people say that the cryptocurrency world is a zero-sum game, with asset transfers between new and old users. Only those with higher cognition have the opportunity to gain benefits. Without cognition, you can only contribute fuel to the market. When Bitcoin is sideways, many people are worried that the market will be unable to recover and question whether digital currency can continue to play. There are also Bitcoin believers who buy at the bottom every time the price is low, expecting the price to rise. No one can accurately buy at a low point, and no one can sell at a high point. When the market falls, many people lose confidence and worry whether Bitcoin is a scam and whether there will be opportunities in the future? After the market rises, they regret not buying at a low point and missing a new round of growth. When the market is rising, a daily increase of 15% is not uncommon; when the market is falling, panic and suspicion are pervasive, and stocks are sold at a loss. A ten-year old investor said that digital currency is a long-term game, and holding on and waiting is the best way to make a profit. Of course, it is not easy to hold for a long time. You need to endure loneliness and control your desires to become a big winner. Digital currency is not a tool to get rich overnight. Investment is a gradual process. Only those who can wait patiently can benefit in the end. If you are a newcomer in the currency circle, you pay attention to digital currency, but you don’t know how to operate it. Don’t act rashly. Look first, ask, and then act. Don’t operate randomly. Holding is the safest way. Maybe the profit is not much, but the loss is definitely the least. Finally, I would like to share some common sense with you. Don’t use exchanges recommended by people you are not familiar with. In the Chinese-speaking world, just look for the three major Chinese exchanges BN OK BG, or check the rankings on CMC. If you are outside the top 10 in the world, just delete them. I found that many newcomers were deceived and were dragged to fake exchanges. They didn’t experience the joy of the cryptocurrency circle before they were deceived of their principal!
