Literacy in currency circle knowledge, a must-have for getting started in the currency circle!
1. Bitcoin and Ethereum are hard currencies in the blockchain world. If a newbie doesn’t know what digital assets to buy, BTC and ETH are recommended.
2. There are various types of digital currencies, including: currency (BTC), platform (ETH), application (SC), anchored (USDT), and dividend (repurchase BNB). Digital currencies have a variety of attributes. Leek, a newbie in the currency circle, only needs to distinguish between value coins and air coins. Value coins can be held for a long time, but air coins can be doubled even if they are doubled!
3. The legal currency purchase channels are: OTC trading platform and private OTC. OTC trading platforms generally support multiple assets of BTC/ETH/EOS. Private OTC trading platforms depend on the scale, and most only support BTC and ETH hard currencies. Try to avoid private transactions without guarantee. Once you are cheated, it will be difficult to recover.
4. Conventional trading platforms: bitfinex, bittrex, binance, okex, Huobi, etc. Bitf has the richest gameplay, bitt has the largest trading volume, and Binance has the best experience. The combination of the three can basically meet all the needs of ordinary users.
5. Commonly used wallets: Imtoken is recommended for Ethereum, and Bitpie is recommended for Bitcoin. Be sure to save the private key and mnemonic phrase! Once forgotten, the assets will be cleared. 6. Important digital assets other than air coins should not be placed on the website, but must be placed in a secure wallet. Most websites are not 100% guaranteed, and things like being stolen or stolen or run away happen from time to time! 7. Due to its financial nature, the field of encrypted digital currency is an active area for hackers. When registering an exchange, you must do a good job in safeguarding it and enable Google two-step verification! Never use the same account and password for different websites. Once the database is compromised, everything will be stolen.
8. The operation process of currency-to-crypto transactions is: legal currency → Bitcoin/Ethereum → blockchain project token → Bitcoin/Ethereum → legal currency.
9. The full name of Aixio is: Initial Coin Offering. The essence is to allow smaller companies to raise funds publicly through their own virtual currencies in the early stages of establishment, which can be compared to a stock market IPO (initial public offering).
10. ICO’s participation has time and amount limits. Generally speaking, the earlier you invest, the higher the return. However, some projects cannot be purchased with money.Such as airdrop projects (except for a small number of normal projects to promote the market, most of them are worthless coins. Be sure to pay attention to not using the same account and password when registering their website), and there are also projects that are not bad for money, such as rsk
11. Regarding private equity, high returns are generally promised. Facts have proved that most of the unofficial direct investment or confirmed ones are scammers. Don’t believe in agent investment. Where will you find it once the money is gone? When investing on behalf of investors, look for institutions that have a history of private placement, and this private placement can pass official verification!
12. The investment risk in Aixio is extremely high, and ordinary people are easily dazzled by the high returns.
13. Currency speculation is different from stock speculation. Don’t enter the market with the mindset of stock speculation. Digital currencies rise and fall by 50% a day every day. It is also common for digital currencies to rise dozens or hundreds of times. As the saying goes: A day in the currency world is a year in the world.
14. There is no so-called technical analysis in the currency circle. Short-term fluctuations are unpredictable and unpredictable. The only low-risk arbitrage methods are hedging and bit lending. These are the only two proven methods in the currency market.
15. The most reliable investment method is value investment, the most ideal investment operation is fixed investment, the most suitable investment ratio is 5/2/2/1 or 4/3/2/1, 50% (40%) in mainstream currencies , 20% (30%) potential currency, 20% (20%) ICO, 10% (10%) cash. 16. Don’t let your investment affect your normal career and related income. Investment is just a possible way of overtaking. No matter how much money you make in the stock market/currency market, what you need to always remember is: the ability to make money off the market is far more important than the ability to make money on the market.
17. The investment ratio should not exceed 30% of total assets. Special investment funds are best. Do not take loans, cash out, increase leverage, do not use futures, do not think about getting rich overnight, and do not play games that you cannot afford.
18. If you are still checking the market frequently, worrying about the price, and can't sleep at night, then you are probably not investing, but gambling. This is not a good way and will not have ideal results.
19. Don’t invest large amounts of money until you have enough experience. Use money you can afford to lose to play with coins, so that your mentality will not be unbalanced; strictly follow the plan, use a small amount of non-additional funds to take risks and be harvested, and gain experience in the currency circle, which is the most cost-effective way to spend money to buy experience. !
20. Returns are always directly proportional to investment. I hope you and I can seize this wave of dividends.
Okay, that’s it for the article. If you don’t have time and are a newbie, and I tell you this, you don’t know what to do or how to read this information.
Nod your head and pay attention to the devil. I share my bull market strategies for free and stand in the bull market with my fans.
