Cautious development to become stronger and make money
After entering the cryptocurrency world for a few months, to be honest, I have already forgotten how I got to know and download Binance. Like most retail investors, I came with the mindset of improving my life or getting rich quickly. Initially, I only deposited 50 USDT, and I still had a certain sense of vigilance towards a completely unfamiliar platform. Then I casually played with spot trading, but I had no clue and didn't filter through some 'teachers' in the forum, which led to blindly charging my confidence and joining some free groups. Then, some groups required that your account balance must have at least 500 USDT as capital, if I remember correctly, and you had to verify before they would let you in. I also deposited there since it was my own account. After entering, the so-called 'teachers' would share some entry strategies. The 'teachers', besides announcing messages in the free group, would also claim to have their VIP group, and the membership fee just happened to be 500 USDT, haha, the correlation is very strong, I can only say haha.
Of course, I did not join the membership fee group. I have to say that some of the trades shared at the time did have a decent win rate, but I noticed that the 'teachers' themselves seemed not to trade. After sharing the trades, those who made money were asked to screenshot and send it back to the group, and then they would repost it in the forum to continue promoting. Anyway, everyone should keep an eye on the 'teachers' in the forum; the money they earn is from your pocket.
Of course, there are all kinds of people in the forum—there are quacks, there are jokers, there are scammers, but there are also those who selflessly share their skills or ideas for this environment, from whom you can learn something. I will talk more about this later; there are indeed some KOLs that I really like, haha.
Then trading began, and I really jumped in headfirst. To be honest, if there are new retail investors coming in, it’s better to first settle down and learn for a few days before entering the market. There’s nothing wrong with playing contracts; high leverage and large positions die quickly, as everyone knows. Buying low and selling high is something everyone can do. Once you come in and see such a low price, the 'teachers' recommended this coin, so buy, buy, buy!
If you like contracts, like researching charts, and studying techniques, click on my avatar. I share years of experience and skills in the cryptocurrency world for free. I am waiting for you in the circle, online at any time. Welcome to discuss and improve together. See my homepage to follow my public account and join the group.