1. Knowledge threshold
The concepts involved in the cryptocurrency world are relatively complex, and novices often need to master a series of basic knowledge related to blockchain, cryptocurrency, smart contracts, etc. There are endless terms such as Bitcoin, Ethereum, NFT, DeFi, etc., plus various trading tools and technical analysis methods on the market, which all require a certain learning cost. For inexperienced novices, it may take time to learn and understand the basic principles and market operation mechanisms.
However, with the abundance of Internet resources, there are now a large number of tutorials, articles and videos to help beginners get started quickly. Many exchanges also provide easy-to-use interfaces and beginner guides to help investors understand how to perform basic buying and selling operations.
2. Technical threshold
The operation of exchanges and wallets is one of the technical challenges faced by novices. Although most mainstream exchanges have simplified the user interface, the concepts of security management, private key protection, cold wallets and hot wallets may be confusing for inexperienced users. Leverage operations, opening and closing positions, and stop-profit and stop-loss operations in contract trading increase the technical difficulty.
For these technical challenges, many platforms provide simulated transactions or novice tutorials to help users familiarize themselves with basic operations. In addition, choosing mainstream platforms can reduce learning costs because their interface designs are more friendly and their security measures are more mature.
3. Funding threshold
The cryptocurrency market is highly volatile, and many investors believe that a large amount of capital investment is required to obtain an ideal return. However, in reality, the cryptocurrency market allows small amounts of capital to enter the market, and many exchanges support small amounts of capital transactions. Newbies can start with a small investment and gradually increase their capital investment and market experience.
4. Risk tolerance
The cryptocurrency market is highly volatile and prices fluctuate violently. This may bring great psychological pressure to novices who do not have rich trading experience. Investors need to have a strong sense of risk and tolerance, otherwise they are prone to panic in market fluctuations.
in conclusion
The threshold for entering the cryptocurrency world is indeed very low. Your luck or talent will be magnified by market fluctuations. This is a market full of opportunities where you can make a small profit with a big investment. If you are willing to try, you may find a way out. In any bull market, there are coins that can increase by 100 times, and it only takes half a year, which is something you cannot achieve even if you work for a lifetime.
The cryptocurrency world is relatively free, the regulation is not very strict, and the influence of traditional capital has not yet fully penetrated. If you are still unsure about the future, then please pay attention to South Korea, look at the lifestyle of young Koreans, and explore why they are so keen on gambling. Maybe that is the future.
Overall, the threshold for novices in the cryptocurrency market is not particularly high, but it requires a certain amount of learning and adaptation. Through systematic learning, reasonable investment and effective risk management, novices can gradually lower the threshold and gradually integrate into the cryptocurrency market. As long as there is enough patience and time, anyone has the opportunity to make a profit in the cryptocurrency market.
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If you want to seize this bull market, it is definitely too late to learn and sell now.
It would be great if someone could get you started quickly.
I am Hong Jie, welcome to communicate
