Important things to know before entering the circle
1. Cryptocurrency + Basics: Understand what cryptocurrency is, the basic principles of blockchain technology +, and the basic characteristics and terminology of the cryptocurrency market.
2. Different cryptocurrencies: Research and understand different cryptocurrency projects, including Bitcoin, Ethereum and other important cryptocurrencies. Understand their characteristics, uses and potential risks.
3. Cryptocurrency market: Research and understand how the cryptocurrency market works, including exchanges, price fluctuations, market participants and investment strategies.
4. Risk management: Learn how to evaluate and manage investment risks, including diversification, setting stop-loss points and understanding market volatility. (Risk and return are proportional in the market!)
5. Security and protection: Pay attention to security issues, choose reliable cryptocurrency exchanges and digital wallets, and take necessary security measures such as setting strong passwords, enabling two-factor authentication and regularly backing up wallets. (It is not recommended to use wallets for newcomers in the early stage)
6. Laws and compliance: Understand the legal and regulatory requirements for cryptocurrencies in your country or region, and ensure that you trade and invest within a legal and compliant framework. (At present, there is no clear regulation in China that it is illegal for individuals to hold or trade cryptocurrencies, so please rest assured.)
7. Emotional control: Understand the volatility and uncertainty of the cryptocurrency market, learn how to control emotions, and avoid impulsive investment decisions. (This is especially critical for contract users, and newcomers only recommend spot trading)
The above are some key aspects that need to be understood before entering the circle, but it is just a starting point. In the circle, continuous learning and cautious attitude are very important.
V God has been in the market for many years and is well aware of the opportunities and traps. If your investment is not going well and you are unwilling to lose money, you can contact V God in the comment area and leave 999 Impermanence Belt
