How to avoid detours in the cryptocurrency circle, these points are worth learning
1. Prepare 100,000 to 200,000 yuan on hand, exchange it into stablecoins such as USDT, and put it in a reliable exchange.
2. Don't put all your eggs in one basket. Most of it (such as 60%) is invested in Bitcoin (BTC), because it is the boss and relatively stable; part of it (such as 30%) is invested in Ethereum (ETH), because smart contracts are popular; the remaining small part (such as 10%) is used to try Binance Coin (BNB) to see the potential of exchange tokens.
3. Buy a fixed amount every week or month, don't rush to sell. Wait for the market to fluctuate, a cycle is about 4-8 years, look for opportunities.
4. Join a reliable cryptocurrency group, communicate more, get more information, and find like-minded partners to cheer each other up.
5. If you know programming, servers, and English is not bad, you can try to grab airdrops and whitelists, which requires quick eyes and hands and continuous learning.
6. In the early stage of the bull market, pick some new currencies with potential to test the waters, but be sure to check them carefully and don't be fooled by scammers. Ask your friends for their opinions and analyze them yourself.
7. Open an exchange or issue a coin yourself? Unless you are a big shot, don't think so far ahead, it's easy to fail.
It's not easy to make money in the currency circle, but it's not impossible. The key is to have strategy, patience, and continuous learning to keep up with the market.
