I got acquainted with the world of cryptocurrency exactly 2 years ago. For me, the interface of the Binance exchange program looked like the control panel of a spaceship. I made a lot of mistakes, made hasty decisions, and lost money. Everything looked very simple: when it falls, buy, when it rises, sell. But no. It doesn't work that way. The more mistakes I made, the more I learned.
After another unsuccessful transaction, I sat down and thought about it, and began to work on my mistakes. I put aside trading and began to study, I read a lot, watched videos, tried to understand how it all works. The courses from the Binance exchange helped a lot, I even passed the test and received an entry-level nft certificate.
The more I worked on myself, the more I improved. And about a year later, I started to really earn money, and I want to give some practical advice based on my experience.
Portfolio diversification. Buy multiple coins, don't keep all your eggs in one basket.
Preferably 5 - 10.
Always keep a supply of stablecoins. Approximately 40%. If the market falls, you can average the prices of purchased tokens.
Learn to wait and be patient. If the coin begins to grow, you need to wait a little, after a small upward movement ☝️ the price may drop sharply, and then fly into the skies. This is where it’s better to sell.
If you are new to trading, do not buy assets with high volatility; it is better to give preference to tokens with high capitalization.
Keep some of the tokens on staking, this will be a good insurance for your portfolio.
Do not start futures trading without proper experience.
Let's schedule, for example, once a month the withdrawal of earnings to the card. You should feel satisfied with the work done, touch it.
Do not deposit more into the exchange than you can lose. Don't take out a loan.
I wish you all successful transactions. I hope it helped. Patience and a little effort.
