8 tips for newbies in the cryptocurrency circle to help you avoid detours!
1. Playing contracts with full warehouses and full multiples, it sounds exciting, right? But this way of playing makes more money, but also loses more. The essence of cryptocurrency trading is to be steady and steady, rolling warehouse operations, rather than relying on a single order to make a lot of money.
2. The crypto market has passed the stage of wild growth. Now it has begun to be formalized and financialized, and has become a contest between capital institutions. Don't fantasize that you can multiply dozens or hundreds of times by buying a coin casually. That is no longer possible.
3. Cryptocurrency trading is just a sideline. If you are a college student, focus on your studies; if you are a young person under 25, focus on improving yourself; if you are a young person under 30, choose a stable job and trade in cryptocurrencies as a supplement. Trading is a protracted battle and you have to take it slowly.
4. Good fortune will not enter a home without virtue, and wealth will not enter a hasty door. Water can nourish everything only when it is still. The same is true for trading. Don't get carried away when you make money, and don't blame yourself too much when you lose money. Profits and losses come from the same source, so you have to summarize your experience and lessons from time to time. Emotional people can't trade well.
5. People who play contracts will basically return to zero in the end, don't disbelieve it. Human desires are bottomless pits, and few people can really quit gambling and trade rationally. Once you lose control once, the previous gains and principal may be wasted.
6. New listings in the primary market sound very tempting, with small investments and big returns, but you have to know that 99% of projects will eventually return to zero.
7. If you want to do a good job in trading, you have to have your own opinions and don't follow the crowd. If you use the theory that others can make money but lose money, it may be your problem. You have to find your own way to make money, and other people's experience can only be used as a reference.
8. Deal with old people in the currency circle more, even if they have been trading for many years and still lose money. From them you can learn the reasons for your losses and then avoid these mistakes. Trade the opposite way and you might make money.
If you feel helpless and confused in trading, want to know more about the currency circle and get first-hand cutting-edge information, want to ambush potential currency points but don’t know how to operate, like + leave a message, share for free!
