Twelve pieces of advice for newcomers to the cryptocurrency industry!
first advice
The cryptocurrency market has gone through the period of brutal explosion. Next is the stage of formal financialization and the stage of competition between capital institutions.
Stop dreaming about pinching a coin and eating it dozens of times or a hundred times. According to the current market sentiment, coins that can multiply ten times are very rare.
Even if the bull market really comes, there won't be many coins that can increase more than ten times.
second advice
Playing new games in the primary market is indeed a small investment with big returns. However, people who recommend you to play in the primary market will not tell you that 99% of projects will return to zero.
Even if you are on some small-name exchanges, when a certain KOL loses his chips, he will most likely ask you to hold on, and he will take a step in advance.
The third piece of advice
Although you can make a lot of money by playing contract full position stud + multiplier max, you can also lose a lot of money.
I don’t think anyone will tell you that the essence of currency speculation lies in rolling positions, not how much you earn from a single profit.
The fourth piece of advice
Under normal circumstances, when someone is crazy about CX a certain currency, it is basically coming to an end.
At this time, if you have held this currency before, you can consider getting off.
If you do not hold this currency, it is best not to enter the market at this time, because there may be a 90% probability of taking over.
The fifth piece of advice
If you are a college student, please put your studies first and currency speculation second.
If you are a young person under 25 years old, please focus on improving yourself and speculate on currencies as a supplement.
If you are a young person under 30 years old, please choose a stable income as your first priority, followed by currency speculation.
Trading is a battle, not a day.
At the same time, trading is a time-consuming journey.
Even a talented trader needs to continue working for five years to achieve financial freedom.
Having an excellent off-site earning power and platform can provide its own sustainable capital supply, which plays a multiplier role in our success.
The sixth piece of advice
Blessings cannot come into a house without virtue, and wealth cannot come into an anxious door.
Under what circumstances is water suitable for nourishing all things? Is water suitable for nourishing all things when it is still?
Therefore, when you gain profits from trading, please don’t be too arrogant. When you experience losses from trading, don’t blame yourself too much.
You must understand the principle of "profit and loss come from the same source".
Whether you make a profit or a loss, you should summarize yourself from time to time and ask yourself why this order is profitable, and why this order is a loss?
Remember, a young man, an emotional person cannot do a good job in trading.
The seventh piece of advice
Others will not easily tell you about making money. If someone tells you how much you can make by investing in this coin, then you have to be careful, maybe he just wants to make a profit from you.
The eighth piece of advice
Don't trust those who post position income too much. Maybe they just got a profit from a certain position, but in fact, many of them are negative. The probability of posting is to let you recognize him, so as to achieve the idea of harvesting you.
The ninth piece of advice
People who play contracts will eventually return to zero, and the accuracy rate is as high as 99%. Don't disbelieve it, because human desires are unlimited, and few people can really give up gambling and do every transaction rationally.
Trade a hundred times, lose control once, and the previous income + principal will be wiped out.
The tenth piece of advice
You should pay attention to some bloggers who share their experiences, rather than those who brainwash/promote/or make profits. Think about what you can learn from them.
The eleventh piece of advice
If you want to do a good job in trading, you should have your own insights, rather than just following the opinions of others. Just like a blogger shares his profitable experience, he can make a profit from this set of theories, and when you hold this set of theories and suffer losses, it is mostly due to your own factors, just like when we read "Wang Yangming's Mind Learning", you have read the Mind Learning, can you achieve the same "unity of knowledge and action" as Mr. Wang Yangming?
Therefore, finding your own set of money-making theories is the golden key to your stable income. Other people's experiences are just fertilizers, and they are enough as reference standards for whether they are feasible when building your own theories.
Twelfth piece of advice: Make more friends with veterans in the cryptocurrency industry, even if he is a person who has been trading for many years and still loses money. By spending more time with him, you can find out the reasons for your own losses. You can avoid some of the reasons for his losses in time and trade in the opposite way to him. As a result, you will find that making money is so simple.
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