There are a few things you must know about cryptocurrency trading:
1. Profit issue
If you have 1 million yuan and the profit is 100%, your money will double. If it drops by 50% at this time, you will return to 1 million yuan, so it is important to stop profit and stop loss in trading. It is always easier to lose money than to make money.
2. Increase issue
If you hold 1 million yuan, it rises by 10% on the first day, you will have 1.1 million yuan, and it falls by 10% on the second day, and you will only have 99 million yuan. If you do the opposite, you will only have 99 million yuan, so profitable coins must be very important.
3. Volatility
You use 1 million yuan to make 40% in the first year, and lose 20% in the second year. Repeating the same operation for six years, you only get 140.5 million yuan, and the total profit is only 5.83%, which is not even as much as the money in the bank.
4. One percent increase
If you make 1% every day from 1 million yuan, you will have 1203.2 million yuan after 250 days, and 145 million yuan after 500 days, so the compound interest income is very high.
5. Double every year
If you invest 1 million yuan in two projects for 5 consecutive years, you will have 243 million yuan. This is why some people will hold on to a coin.
6. Covering positions
If you buy a coin at 10 yuan, if it falls to 5 yuan, and you buy the same amount, the cost will be 6.67 yuan, which you may think is 7.5 yuan, so shorting and covering positions are very important operations for you to reduce costs.
7. Investment portfolio
Risk investment and risk-free investment are basic operations for you to enter the currency circle. The stable currency recognized by everyone is a risk-free investment, with a general yield of 3%, so you need to match some risky assets, with a ratio of 4:1. This is the safest way of investment, but everyone comes to the currency circle to make money, so those who seek stability can try it.
Finally, I suggest that you don’t blindly make some junk coins or runaway coins.
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