For newbies in Coin Country, here are some important suggestions:
1. In the early stage, it is recommended to invest only in Bitcoin and Ethereum. These two currencies are relatively stable, and the volatility of other currencies may bring you unnecessary psychological burden. Please note that even Bitcoin and Ethereum may experience a single-day decline of more than 20%.
2. Try to trade on large exchanges such as EUR and Binance. The currencies that these exchanges do not have are usually riskier. No matter how others persuade you, don't try it easily. If you have a strong desire to invest, it is recommended to consult a professional first.
3. Don't invest all your funds at once, and learn position management. Even in a bull market, there are many opportunities to gradually enter the market through pin-point strategies.
4. Avoid participating in contract transactions. Contracts are tools for hedging risks, not gambling.
5. Do not transfer money frequently, especially small transactions. The probability of a novice losing digital currency on their own is much higher than the probability of being stolen. If it is not necessary, it is recommended to keep assets in an exchange or a safe wallet.
Please be careful with every transaction to ensure the safety of your investment.
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