For newcomers, to enter the market, you must know the following knowledge

1. Choice of trading platform

First of all, the three major exchanges are Binance, CC, and OO. Other exchanges cannot compare in terms of user volume, security, and coin variety. The most important thing in investment is not how much you can double, but the safety of your funds. Only when your funds are safe does investment make sense; otherwise, you won't be able to withdraw your money. You can refer to past cases of exchanges running away.

2. Account security

Every year, there are cases of accounts being hacked; many newcomers completely underestimate the importance of keys. By the time they realize it after being stolen, it's too late to regret, and wanting to recover is like finding a needle in a haystack. For account safety, you can download Google Authenticator; each login requires verification, so don't complain about the hassle.

3. Fiat currency to virtual currency exchange

All three major exchanges have separate sections for deposits. When choosing a vendor, prioritize those with higher ratings. It's best to use bank cards instead of Alipay; once banned, it's difficult to unban, and since Alipay is a national-level app, being banned can significantly impact your future life, so it's not recommended.

4. Purchase coins

Prioritize holding Bitcoin and Ethereum. Many newcomers see the high prices of Bitcoin and Ethereum, feel they can’t buy much, and think it’s too expensive, preferring to buy altcoins instead, which can be thousands or even tens of thousands for a single purchase. This is a common mistake. Bitcoin can be divided down to 0.00001, allowing for purchases even with 1000 yuan. The second wave has relatively small fluctuations, while altcoins can drop by 90% in the next second, infinitely refreshing the lower limit. The result is entering the market today and exiting tomorrow.

5. Don't play contracts

The meat bun hits the dog; there is no return once you go. No matter how much you earned before, losing once might bring you back to square one overnight.

6. Practical software

1. Non-small number to view market value, indicators, and popularity, check different coin types, and grayscale holdings.
2. Coin primarily looks at the long-short ratio, liquidation amount, large orders in and out, real-time observation of coin price, greed index, and off-market premium.
3. Wallet recommendations: hh wallet, little fox, imtoken
4. Telegram group, a gathering place for many local dog projects

7. Watch more, act less

Many newcomers buy 5000 yuan worth and want to operate 10 times a day. Initially, the coin price doesn't drop, but the more they operate, the less they have, contributing all to the exchange's transaction fees. Whether in crypto or stock futures, if you want to make money in financial markets, without a reliable information source, you should patiently wait for opportunities to earn others' money.

These days, I am preparing for the layout of the godly order that is about to start!!!
It's still quite easy to double your investment.
At the same time, I’m also preparing to find some potential coins to hold until the end of the year.
Comment 888 to get on board!!!
#山寨币走势展望 #BSC生态活力释放 #市场回暖新机遇 #以太坊时刻到来？ #美PCE年率创半年来最大增幅


Daily focus: not XLM, XRP, ADA, DOGE, PEPE, SOL