5 must-read common senses that newcomers to the cryptocurrency circle should know

1: Don't use a wallet at the beginning. It is a safer choice to put the coins on the well-known exchange bn.

2: For new coins, it is best not to touch them, because their fluctuations are very large and difficult for newcomers to grasp.

3: Newcomers should avoid contract trading! This is very dangerous for newcomers and it is easy to lose money. Believe me, this is something you can't grasp! If you are not sure about investing in the cryptocurrency circle, you can choose to buy Bitcoin and Ethereum.

4: Be mentally prepared before entering the cryptocurrency circle. A 20% drop in one day is a common phenomenon. In addition to Bitcoin and Ethereum, don't invest all your money in other single currencies, especially altcoins! They may return to zero!

5: Position allocation is very important! Never "all in", keep "bullets" in your hand so that you can respond to market changes in a timely manner.