How to walk steadily on the road of cryptocurrency speculation?
From time to time, there are reports on the Internet that *** have become rich overnight, but how many people know behind the scenes
The opportunities of cryptocurrency speculation are great, and the risks are also great
In the matter of cryptocurrency speculation, knowledge is particularly important.
You must learn the basic knowledge well, figure out how it works, what the market situation is, and what the blockchain technology behind it is. For example, you must know that the total amount of Bitcoin is limited and decentralized, and Ethereum has smart contract functions.
You must also be able to analyze market trends, look at historical data, pay attention to industry dynamics and policy changes, so that you can have some predictive ability in the market. Many knowledgeable investors make decisions more wisely and with lower risks. Pay attention to market data and use it as a reference for your own investment.
You must have a little awe in the cryptocurrency market. Prices are always difficult to predict, and experienced people may lose a lot at once. Just like a college graduate who has been trading and has almost made tens of millions of dollars in Bitcoin speculation, he lost more than 20 million by leveraging, and his savings are gone, and he also dragged down relatives and friends.
Have a correct expectation of income and know that high income must be accompanied by high risks. Don't be tempted by short-term huge profits, and don't panic when you lose a little. When the market fluctuates, you must be calm, analyze rationally, and don't blindly follow the trend.
You have to use your spare money to speculate in cryptocurrencies, don't invest all your belongings in it. You can't borrow money to speculate in cryptocurrencies or sell your kidney to speculate in cryptocurrencies. Just like some people want to sell their kidneys to buy cryptocurrencies, and there are also people who borrow money to buy cryptocurrencies but get nothing. These are all lessons.
It is also important to control your positions reasonably. You can try the "pyramid position building method". Choose the right investment strategy according to your own situation, and don't blindly learn from short-term masters and contract masters.
In short, the risk of speculating in cryptocurrencies is high. We must look at it rationally, learn more knowledge, respect the market, do what we can, and don't blindly follow the trend. Only in this way can we walk more steadily on the road of speculating in cryptocurrencies.
