To earn the first pot of gold in the cryptocurrency circle, ordinary people can adopt the following strategies:
1. Value investment:
Choose cryptocurrencies with long-term prospects, such as Bitcoin (BTC) and Ethereum (ETH).
Hold these assets and wait for the market price to rise.
All the copycats in the cryptocurrency circle want to become Bitcoin and Ethereum, but they have never been surpassed. The position of the number one cannot be shaken. At the same time, Bitcoin has shown its high stability and durability. From Bitcoin's 3,000 dollars to the current highest 70,000 dollars, it has continued to break through. Why not the next 15,000 dollars? At this time, you need to get extremely low chips, intervene at low prices, and be prepared for a protracted war. The result will definitely be good!
2. Market timing:
Buy during market downturns, such as during a major bear market cycle, when the market value of a currency is below 1 billion.
Sell when the market is hot, such as new concept currencies.
Buy when no one cares, sell when life is in turmoil! Since ancient times, it has been an unchanging truth. When the market is down, everyone stops and panics. At this moment, as long as the expected price is reached, buy in batches at low prices to build positions, then you will be the brightest one! At the same time, you must choose a low market value, so that there will be a lot of room for the future market! If you want a concept currency, you must sell it in time when life is in turmoil, such as the recent meme!
3. Risk management:
Set a stop loss point to control possible losses.
Avoid high-leverage transactions and maintain a calm and rational investment mindset.
There is a saying that everyone must have heard, learning to stop loss is also a skill. Many people have paid a huge price for not knowing how to stop loss. After all, he who knows the current situation is a hero! At the same time, high leverage trading is definitely not advisable. You only need to know one sentence, there is only kung fu, not the currency circle!
4. Diversify your investments:
Don't invest all your money in a single currency.
Diversify your investments across different currencies and asset classes, such as spot and futures.
Don't put all your eggs in one basket. We all know that risk and return are proportional. Distributed investment can greatly avoid a complete failure. At the same time, it will also bring multiple opportunities. After all, if the east is dark, the west will be bright! For the first-level project, the community has always suggested that you participate in multiple projects. Dark horses will always appear! This is the same as the second-level project!
5. Continuous learning and market observation:
Continue to pay attention to market dynamics and new technology trends.
Learn about different cryptocurrency projects and market analysis techniques.
Life is full of learning, and if you stop moving forward, you will not receive the latest news and technology! In the cryptocurrency circle, there are a lot of news every day. If you pay more attention to market trends, you will automatically filter out the useless ones and leave the essence! The same is true for technology. Study a little bit every day, and you will be a master in three years! At the same time, different projects and analyses have different techniques. Like major tracks and major sectors, learn to study the spirit of perseverance!
6. Top-tier circles
The evolution of the coin circle from web1 to web3 is really fast. At this time, most people want to keep up, but they are not strong enough. At this time, they will choose to join major communities to communicate wholeheartedly, but in the end they find that they are just a piece of meat on the chopping board, and they follow the pit and take a detour. So you must have a keen eye to distinguish the real from the fake. If you can't tell this, how can you make money? The top circle can not only bring you a good atmosphere and very useful knowledge, but also help you avoid big detours and better grasp the high-quality opportunities.
Flowers are so numerous that they dazzle the eyes, and only shallow grass can hide horse hooves. Wall Street keeps its original intention and walks in the circle of users' hearts. We look forward to working with all coin friends on a new journey!
