【Evening Talk】

Newcomers in the cryptocurrency space can manage risks by focusing on the following aspects:

First, fund management: only invest spare money, control the initial investment to be 10%-20% of your assets, and avoid leveraging.

Second, trading operations: diversify investments across different types of cryptocurrencies, and set appropriate stop-loss and take-profit points, for example, setting the stop-loss point at a 10%-20% decline.

Third, knowledge reserve: gain an in-depth understanding of blockchain principles, market mechanisms, etc., and avoid following the crowd blindly.

Fourth, information monitoring: keep up with policies, regulations, industry news, project developments, etc., and consider joining legitimate communities for communication, but do not blindly trust rumors.

Fifth, wallet management: choose a secure wallet and properly safeguard your private keys and recovery phrases. $BTC $ETH