Some Practical Advice for Cryptocurrency Beginners
First Reminder
The cryptocurrency market has moved past the stage of overnight wealth; it is now entering a path of formal financialization, where capital tycoons compete in strength.
Don't always think that buying a coin casually will yield dozens or hundreds of times your investment; in the current market, coins that can multiply a hundred times are few and far between.
The bull market is indeed here, but finding coins that can multiply by more than 50 times is not so easy anymore.
Second Reminder
The primary market's initial offerings sound tempting—small investments for large returns—but you must know that 99% of projects will eventually go to zero; the person recommending them won’t tell you that.
Recently, some small exchanges have launched, and when certain KOLs are quietly unloading, they might even tell you not to move while they run away first.
Third Advice
Playing contracts with full leverage, maximizing the multiplier, means you can earn a lot, but you can also lose a lot.
The essence of trading is rolling over the profits; how much you earn isn't the key; you need to know how to operate.
Fourth Reminder
When someone is frantically promoting a certain coin, it is often when that coin is about to peak.
If you have some, consider cashing out; if you don’t, entering the market at this time is likely to make you a bag holder.
Fifth Reminder
Students should prioritize their studies, with trading as a secondary focus; young people under 25 should first improve themselves, with trading as a secondary focus; those under 30 should first find a stable job, with trading as a secondary focus.
Trading is a long-term battle, not a matter of one or two days. Even with extraordinary talent, it takes five years to achieve financial freedom. Having a good side job greatly aids in trading success.
Sixth Old Saying
Fortune will not enter a household without virtue, and wealth will not come through haste.
Only when the water calms can all things thrive; trading is the same—don’t be complacent when you earn, and don’t blame yourself when you lose.
Profit and loss come from the same source; summarize and reflect more. Emotional people do not trade well.
Seventh Reminder
When it comes to making money, others won't easily tell you. If someone tells you how much a certain coin can earn, be cautious; they might want to cut you out.
If you always miss the right timing and feel confused about how to operate, you need to meet one condition to keep up with learning: you must have strong initiative; act decisively, like and comment, and I will help you earn big money!