It is difficult for newbies in the cryptocurrency circle to make money. Here is the reason
If there are really millionaires in the cryptocurrency circle, it is based on the loss of countless newbies. Want to make some money on Binance without experience, analytical skills, or clear strategies? No way!
Those who just want to make money but don't prepare anything will eventually fall.
Don't be fooled by "easy money"
I often hear "cryptocurrency millionaires" as if money is picked up for free. But the truth is that most people lose money. Take the newbies who invest in the start-up pool tokens as an example. They lose everything and can only cry: "My $600 is gone!"
They never thought that the reason why those millionaires can make money is because someone loses money to make up for them. Newbies:
Don't know how to analyze, buy and sell blindly;
Don't know how to diversify investments, and go all in;
Be fooled by the dream of getting rich quickly touted by the media
Not everyone can play in the cryptocurrency world
To put it bluntly, the cryptocurrency world is not suitable for people who have no money and no patience. If you want to go from a leek to an expert, the first step is to learn.
The correct way for beginners to trade in cryptocurrencies
1️⃣ Start with stable spot trading
Invest money in batches and buy more stablecoins like USDC. Keep some USDC (about 15% of the total investment) in hand for emergencies.
2️⃣ Look at the price before making a move
Buy low and sell high, this principle must be understood. Only by mastering the price trend can trading go smoothly.
3️⃣ Don't be impulsive in investment
Don't invest too much at once, take your time and make steady progress. If you make a mistake, stop loss in time, don't hold on.
4️⃣ Use limit orders
Set the buying and selling prices, save money and worry. In the long run, the profit will be more considerable.
5️⃣ Keep up with market trends
Read more news and guess the price trend. Blindly following the trend will only lead to more losses.
6️⃣ Change as the market changes
When the bear market comes, change your strategy, such as investing in reverse Bitcoin tokens or potential stocks.
The cruel reality of trading
For the next layout direction, I will lead everyone to target the profit opportunities of copycats, especially those with great potential. There is no problem with the expected space of more than 10 times. If you want to make a lot of money in the bull market, like + leave a message, and I will lead you to layout the entire bull market!
