If you are a newcomer to the crypto space and have encountered a bull market that happens once in several years,
here are some suggestions.
1. Do not use leverage.
No matter how confident you are in the market, do not borrow money to invest. Because if you make a mistake just once, you could lose all your principal.
2. Invest with spare money, and control the amount of principal you invest.
The market cycle for crypto is very short, generally around 4 years for each halving cycle, so the principal you invest should be spare money that you won't need for at least 4 years.
3. Try to avoid losses as much as possible.
When you first enter the market, the most important thing is not how much you can earn, but rather avoiding losses, or minimizing them as much as possible.
Thinking about making a profit and exiting on your first try can be very difficult. The experts you see making long-term profits are all seasoned veterans.
As a seasoned investor in the crypto space, I share my experiences and insights for free. Interested in the crypto space but don’t know where to start? Follow me to view my profile, and let me guide you to achieve freedom in this bull market.
As a seasoned investor in the crypto space, I share my experiences and insights for free. Interested in the crypto space but don’t know where to start? Click on my avatar to see my introduction, and let's witness the moment of miracles together.