Students have 3,000 yuan in principal and want to enter the cryptocurrency circle. What good advice do you have?

As an old investor who has been in the cryptocurrency market since 2015, I have experienced many bull-bear conversions. Every bull-bear alternation will create a group of rich people. This is the characteristic of this industry-strong cyclicality and high volatility. Every halving, the dealer will hype, but as long as we do not participate in contract trading and do not invest in altcoins, we are already making money.

I know some young people born in the 2000s who have made tens of millions of wealth through the last round of bull market. If they choose traditional work or business methods, it is difficult to accumulate so much wealth in a short period of time. The cryptocurrency market gives ordinary people hope and makes it possible for them to achieve financial freedom in a short period of time.

However, this market is also very chaotic, and there are many people who lose money. The essence of making money in the financial market is still to buy low and sell high. The bottom of the last bear market occurred on March 12, 2020, when the price of Bitcoin was $3,800 and the price of Ethereum was $88. At the peak of the bull market, the price of Bitcoin reached $69,000 and the price of Ethereum reached $4,800. This means that the price of Ethereum has doubled 60 times during that period.

The current market situation is affected by the trend of the US stock market. If the US stock market continues to fall, Bitcoin and Ethereum will also be difficult to remain unaffected. But if the US stock market performs well, the so-called bottom this year may be $17,800 for Bitcoin and $880 for Ethereum. The future market situation mainly depends on the economic policy of the United States, and we can only take one step at a time.

For retail investors, there is no absolute bottom, only a relative bottom area. Pursuing an absolute bottom may lead to missed investment opportunities. As long as the price of Bitcoin and Ethereum falls by more than 70%, you can adopt a fixed investment strategy and invest regularly every month. In this way, no matter how the future price of Bitcoin changes, our holding cost always remains at a reasonable level.

For ordinary retail investors, the key to making money lies in the timing of entry and the cost of holding positions. Lay out in the bear market and wait until the bull market comes to make a profit. In the current market environment, if you want to make money in the financial market, you must have enough patience.Only patience is the only factor we can control. Without the advantage of funds and news, we can only wait patiently for the opportunity to come. Only by being more patient than others can we make profits in the market.

The currency circle is 24 hours a day, but our bodies need rest, so go to bed at night, and don't affect your health because of watching the market. Finally, I suggest that everyone always put Bitcoin first, because Bitcoin is currently the most mainstream and stable cryptocurrency, and its value has been recognized worldwide.

There are many tracks in the currency circle, which are very complicated. Don't touch it if you don't understand it. There are too many new things to learn about the currency circle. Find what you like and study it in depth! If you are really anxious by yourself, you can look at my homepage. If you don't know what to do at this stage, you can join the May Free Circle. I will post my own operation suggestions and market views in the circle every day, ambush high-quality currencies, welcome everyone to join the May Circle and seize this bull market with me#SHIB #Meme #sui $BTC $ETH