Can a novice make 100,000 yuan a year by investing 1,000 yuan in the cryptocurrency circle?
First of all, abandon the fantasy of getting rich overnight. When the initial principal is small, you should use off-site funds to supplement on-site investment.
Investment strategy
Spot investment
Do not add leverage: the risk of adding leverage is too high and is not suitable for novices. Do not do short-term trading: short-term trading requires superb skills and strong market sensitivity.
Coin selection criteria
Pay attention to the capital side: the flow of funds is an important indicator of market sentiment and trends. Look at the narrative: whether the story and vision of the project can attract investors. The hype ability of the project party: the marketing and promotion ability of the project party has a significant impact on the price of the currency. The degree of market pursuit: the market heat determines the volatility and potential of the currency price.
Long-term holding
Hold it and don't change positions easily: frequent changes in positions are likely to miss the big trend and increase transaction costs. Eat the big trend as much as possible: seizing the long-term trend of the market is more likely to bring considerable returns than short-term fluctuations.
Risk management
Capital investment
Invest without affecting life: Make sure the investment amount is within your tolerance and do not affect your daily life. How much money do you have? Allocate funds reasonably according to your own financial situation.
Adjust your mentality
Don't be greedy: Investment returns are based on risks and market conditions. Greediness can easily lead to wrong decisions. Clear self-awareness: Understand your investment ability and risk tolerance, and avoid blind investment.
Summary
Investing in the cryptocurrency market requires a reasonable strategy and mentality, especially novice investors should avoid high-risk operations and focus on long-term trends and fundamental analysis. Through reasonable investment strategies and risk management, even if the initial principal is small, it is possible to achieve stable returns, but you need to have a clear understanding of the market and yourself, and avoid blindly pursuing high returns.
