How can a newbie in the cryptocurrency world achieve profitability?

Remember: Don't touch the contract! Don't touch the contract! This is the first and most important thing, just buy it. Bitcoin, Ethereum, and Binance Coin, just buy these, and don't worry about the others for now.

First of all, the funds should be relatively sufficient, at least 500 US dollars or more. If you only have this amount of money, then just buy Binance coins. Not to mention much, it is relatively easy to earn 10% a month. If the funds are slightly more, you can buy more spot goods, but never use leverage to make contracts, otherwise you will inevitably lose all your money. Remember, for newcomers who don’t understand or know much about the industry, don’t try to get rich overnight at the beginning, because there are already too many such examples. Don’t repeat the mistakes of the third, fourth, and fifth times. There are not so many assumptions in life, only certain results. If you want to make money, you must know the direction of making money, otherwise you will either make money or lose money, and the probability of losing money is often greater than making money. The market is used to eliminate people, not to make people make money easily. This has been the case for more than a decade.

Just like in 2020, a couple in Zhejiang took out loans to trade in cryptocurrencies. At that time, the price of Bitcoin they bought was about 6,000 to 7,000 US dollars, or even lower. Because they used leverage, the price of Bitcoin subsequently fell to 4,000 US dollars, and they eventually lost money. By December, the price of Bitcoin rose to 25,000 US dollars, and then Bitcoin broke through 30,000, 40,000, 50,000, and reached a peak of 70,000. If they had not used leverage to trade in cryptocurrencies, their 20 million funds would have risen 10 times or 20 times, and they would have probably gotten 200 million to 1 billion yuan in funds, but there is no if in the world. Any persistence is related to leverage operations. Even if you persist, using large leverage and high leverage will inevitably lead to a blowup over time. Whether it is the stock market or the cryptocurrency circle, the two are connected in this regard. In the past, some people used 50,000 yuan of capital to reach about 20 million yuan through futures trading, but because they did not stop in time, until the market peaked, their assets continued to shrink, from 10 million yuan to 2 million yuan, 300,000 yuan, 100,000 yuan, until the 50,000 yuan capital was completely lost. People's hearts are always difficult to satisfy, so don't believe in the so-called determination. Sometimes knowing when to stop is the best return, and luck often brings many uncertainties.

Therefore, newcomers must understand one thing, that is, do not use leverage, do not believe market information easily, and never join the so-called cryptocurrency trading group. If they can really make money, wouldn’t they make money quietly? There is no one in the world who brings you profits for no reason. They all have a purpose to make money from you. There are countless such examples, so you must cherish yourself, believe in Bitcoin and Ethereum, and believe in the benefits that Binance Coin can bring. Pay attention to the above to achieve profits. The biggest loss is not the loss of the profit part, but the loss of the principal. Keeping the principal is the biggest profit, and the first premise is still to keep the principal.

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