Five shocking advice for newcomers in the cryptocurrency circle! Must read!
Market maturity warning: The cryptocurrency market is no longer the wild teenager. It has entered the right track and become a battlefield for capital giants. Nowadays, it is extremely difficult to get rich overnight. The market sentiment tells us that even if the bull market comes again, there are only a few currencies that can set off huge waves.
Contract trading: All warehouses, high leverage, these seemingly attractive operations are full of risks. The essence of cryptocurrency trading lies in clever position management and rolling operations, rather than blindly betting on everything. Remember, high returns and high risks coexist, so don't be greedy.
Market sentiment trap: When a currency is wildly sought after by everyone, it often indicates that its glory is about to end. If you are already standing on this mountain, it is time to consider going down the mountain; if you have not yet set foot, remember to move forward cautiously and don't become the last one to take over.
Battle of mentality: Wealth will not favor impatient people. Only by keeping calm can you make wise decisions. When you make a profit, don't get carried away; when you lose money, don't fall into the quagmire of self-blame. Remember, "profit and loss come from the same source", summarize your experience and lessons in time, and don't let emotions control your trading.
The cruel truth of contract gambling: most people who play contracts will eventually end up with zero. This is a cruel truth with an accuracy rate of nearly 100%. Human desires are endless, but few people can truly control their gambling nature and face every transaction rationally. Even if you stay calm for the first 100 times, as long as you lose control once, all your gains and principal may disappear.
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