One common mistake beginners make when trading cryptocurrencies is frequently checking the exchange. If the price does not rise within a few minutes after buying, they start to feel anxious, doubt their choice, and then hurriedly sell to buy other cryptocurrencies. This frequent operation not only increases trading costs but often leads to a gradual decrease in funds, as transaction fees accumulate with constant trading.
In contrast, experienced investors usually adopt a regular investment strategy. They choose a cryptocurrency and set long-term investment goals, without overly focusing on short-term market fluctuations. They may check it only a few times a month, hold firmly after buying, and regardless of market fluctuations, they will not operate frequently, just adhere to regular investments.
In the long run, beginners often fail due to frequent trading and chasing highs and lows, while experienced investors have advantages due to low costs and stable holdings. Therefore, the best investment strategy can be summarized as 'Buy and forget,' being prepared for long-term holding, without overly focusing on short-term market fluctuations. Short-term trading and long-term investing each have their own strategies and timing.
Emphasis: The content of this article is for reference and learning purposes only, does not constitute any investment advice, and investment should be cautious. Please make sure to fully understand the relevant risks before making any investment decisions!
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