"Ordinary people's secrets to turning over by speculating in cryptocurrencies: Learn these points, and you can also turn around!"

Can ordinary people turn over by speculating in cryptocurrencies?

Can ordinary people turn over by speculating in cryptocurrencies? The answer is yes, but the premise is that you have to know what you are doing.

First of all, speculating in cryptocurrencies has indeed brought many people the opportunity to soar in wealth. In the bull market, the price of coins soared, and many people made a lot of money because of it. Especially those who seized the early opportunities of mainstream coins such as Bitcoin and Ethereum, and even achieved financial freedom. But the fact is that these "rich" people are only a minority, and most people often face losses or even liquidation after entering the market.

So, is it possible for ordinary people to turn over by speculating in cryptocurrencies? Yes, but it is definitely not based on luck. You must have clear ideas and correct strategies.

1. Mentality is critical

Speculating in cryptocurrencies is not gambling, and you can't expect to get rich overnight. The market fluctuates greatly, which can easily make people emotional. If you are eager for quick success and blindly chase ups and downs, the result will usually be miserable. Stay calm and rational to survive in the storm.

2. Position management is the foundation

The core of currency speculation is position management. You can't put all your money on one bet, otherwise it is easy to lose it all at once. Newbies should pay special attention to it. It is recommended to focus on spot trading and supplement it with contracts, and control the position in an appropriate proportion. Remember, don't add positions when there is a floating loss, and don't carry orders, so that there is a chance to turn the tide.

3. Choose high-quality projects

Not all coins have long-term development, and many altcoins will eventually return to zero. For ordinary people who want to turn things around steadily, it is recommended to give priority to potential mainstream coins and high-quality projects. Although Bitcoin and Ethereum have slow growth, in the long run, their resistance to decline and potential are relatively strong.

4. Don't be greedy

Seize good opportunities and stop profits in time when you make money. The market fluctuates greatly, and you may make money today and lose it tomorrow. If you don't know how to stop when you are ahead, no matter how much profit you make, it may vanish in an instant.

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