#BTCOutlook Survival for Beginners

To those new to the world of cryptocurrencies! If you are just entering this field, remember that the cryptocurrency market is not an easy place to achieve success with just a “listen and do” advice. Instead, you need careful preparation and a careful attitude. Here are some detailed tips for you.

1. Stay away from unfounded calls

You may come across many people or articles that claim:

“Next month it will pump hard!”

“Altsson is coming!”

“The market is completely bullish!”

Remember that the cryptocurrency market is like a hungry predator: it is unpredictable! No one, including top experts, can guarantee that the market will rise or fall within a certain period of time. Don’t let unfounded rumors shake your resilience.

2. Learn and research yourself

Before you start investing:

Learn basic concepts such as blockchain, cryptography, technical analysis (TA), and fundamental analysis (FA).

Read free documents: There are now many documents, videos, and tutorials online to get you started without spending money.

Do your own research (DYOR): Don’t rely on other people’s advice. Your decision should be based on your own understanding.

3. Protect your investment capital

The cryptocurrency market is very volatile. So:

Use a stop loss: This is a tool to protect you from big losses when the market goes against expectations.