Thanks for sharing, but I agree more with holding my own coins

5 little things newcomers to the cryptocurrency world should know

1: Don't use a wallet at the beginning. It is a safer choice to put the coins on a well-known exchange.

2: For new coins, it is best not to touch them, because their fluctuations are very large and difficult for newcomers to grasp.

3: Newcomers should avoid contract trading! This is very dangerous for newcomers and it is easy to lose money. Believe me, this is something you can't grasp! If you are not sure about investing in the cryptocurrency world, you can choose to buy Bitcoin and Ethereum.

4: Be mentally prepared before entering the cryptocurrency world. A 20% drop in one day is a common phenomenon. In addition to Bitcoin and Ethereum, don't invest all your money in other single currencies, especially altcoins! They may return to zero!

5: Position allocation is very important! Never "all in", keep "bullets" in your hand so that you can respond to market changes in a timely manner.

Think about position management and the mentality of cryptocurrency trading. Give yourself a position and know what you want.

For short-term trading, you can refer to the position near the pressure point to ship. Don't regret it if it goes up. You are a short-term participant. Just go on to the next one. If it goes up, you can't bear to sell it and want to take the long-term. If it goes down, you want to take the short-term. This mentality will torture yourself.

If you are a big cycle player who wants to take the long-term, don't be afraid of the midway callback. Don't look at the process but only the result. Of course, you have to endure a 50% or even 100% retracement. The whole bull market is a rhythm of continuous callback, rise, and callback, oscillating upward and spiraling upward. Players who do bands can reduce their positions when the price rises, but after reducing their positions, they must take them back when the price falls to avoid missing out and chasing highs.