How can a novice avoid pitfalls when entering the cryptocurrency circle? Here are 8 points with great value for you! Take 1 minute to read carefully to avoid detours!

1. Don't touch contracts!!! There are not only novices in the cryptocurrency circle, but also many veterans! Experts! They all die in contracts. Novices should do spot trading steadily and hold on.

2. Don't play with small currencies. Most of the small currencies in the cryptocurrency circle are for cutting leeks. If they fall, they will return to zero directly, and fall by more than 99%. Don't play with small market capitalization or those you haven't heard of. Choose mainstream currencies!

3. Don't play with small exchanges. Small exchanges are always at risk of running away, or unplugging the network cable, all the money in them will not be able to be withdrawn. It is recommended to play with mainstream exchanges, or funds can be opened in mainstream exchanges separately.

4. Don't expect too much. The era of 10 times or 100 times in the currency circle has passed. Now major institutions and elites have entered the market. There is no big bonus. It is very good to double it. Novices have already beaten more than 90% of people without losing money.

5. Don't put money in unknown wallets. If you have large funds, it is recommended to put it in your wallet, because the exchange also has risks. If it is a small wallet, there will also be a risk of running away.

6. Don't play ultra-short-term currency circles. The ups and downs are very large. It is also common for Bitcoin to fall 20% a day. The altcoin is directly cut in half. It is difficult to control the short-term. Hold the coins in your hands.

7. Set stop loss and stop profit to set goals for yourself. If you fall to a certain position, resolutely execute and exit. If you rise to a certain position, resolutely sell it, and don't care how much it rises later. Many people lose money in the bull market because they don’t stop losses in time

8. Keep learning knowledge. People can’t make money beyond their own cognition. Even if they make a lot of money at the beginning, if their cognition is not up to par, they will lose it back quickly. They may also be responsible for a lot of things. Keep learning and improve your cognition!

Also remind everyone! The trend of the currency circle is full of uncertainty and challenges, but it also contains potential opportunities. When participating in currency circle investment, investors should fully understand the relevant risks, stay calm and rational, and respond to market changes with a steady strategy! !