Eight principles for cryptocurrency investment, start a journey of wealth and stability
1. Don't rush in: You may feel itchy when you hear that others have made money, but don't rush in. You must first know some basic things and understand what cryptocurrency speculation is all about, and then consider investing money in it.
2. Be careful not to chase ups and downs: Don't follow others' blind excitement, don't blindly follow others to buy. Maybe by the time you know that others have bought, it's too late. It's better to wait patiently for a good opportunity to start.
3. Don't bet all your money on one thing: Don't put all your eggs in one basket. You should invest in a diversified way and buy a few different ones, so that the risks will be dispersed.
4. You have to set a bottom line for yourself: think about how much loss you can bear, and don't throw all your money in just for a gamble. Set a stop loss point, stop when the loss reaches a certain level, and protect your principal.
5. Learn more, don't mess around: Learn more about the currency circle, such as looking at the basic situation of a certain currency and listening to what professional players say. Don't just listen to those unreliable rumors and gossip.
6. Don't be too greedy: When you see that you have made some money, you want to make more, but in the end you may lose everything and not have a penny left. Take out part of the profit in time, don't always think about making more.
7. Don't be led by emotions: The market fluctuates a lot, don't sell in a hurry just because others are anxious like ants on a hot pot, and don't blindly follow the rise just because others are buying.
8. Time is your friend: Don't be anxious, time will help you. Don't think about getting rich all of a sudden, be patient, take your time, be steady, and make money slowly.
