Sharing of experience in investing in cryptocurrencies
1: Fixed investment in mainstream coins and leading coins
Fixed investment is more profitable than a one-shot investment. If you buy a full position, if the price falls later, you still want to cover your position, it will be more difficult. Looking at the low price, you can't store more coins, which is particularly uncomfortable. The opportunity to lower the cost is missed. Even in the bull market, your income is much less.
2. Improve the ability to make money off-site
The main thing in the market is to buy coins and store more coins. If you want to hold the coins, you have to improve your ability to make money off-site. The ability to make money depends on the work you do. If you still have a lot of time at work, invest more in yourself, learn more things, and learn more skills.
3. Invest more in areas you are familiar with
Invest more in areas you are familiar with, so that you can better control risks. If you don’t understand something, you will lose more if you invest. Investing in areas you are familiar with increases cash flow. With cash flow, you can get more income, so you won’t sell your valuable coins because of price drops.
4. In-depth study of hot money trading skills
Be familiar with the development trajectory of historical hundred-fold coins. You need to establish your own money-making trading strategy and continuously optimize the idea of selecting coins and timing in practice.