How did you get involved in the cryptocurrency world? Did you make money? How can a novice make money?

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Fan submission:

In 2017, I was still studying abroad and accidentally came into contact with the cryptocurrency world. At that time, there were advertisements everywhere on the Internet. Buying an accelerator could give you some coins. I thought it was interesting, so I started to study it. Unexpectedly, this research led to my entry into the industry. Now I have been an old leek for 8 years.

Speaking of making money, I did make some money, but the road was not smooth. I played short in 2019 and ended up falling flat; LUNA was also cleared in 2022. However, I learned a lot from these twists and turns.

This year I tried a new way of playing - hedging and moving bricks. In fact, the principle is very simple, that is, to make money by taking advantage of the price differences between different exchanges. For example, now a large cake on Binance in China sells for 499,000, but it can be sold for about 530,000 in South Korea. I use some tricks to bypass some restrictions and buy coins from China and sell them in South Korea, so that I can make some difference in price. Of course, this is not always successful, but overall, the returns are pretty good.

So how do novices play in the cryptocurrency circle? #BTC

I think we should first look at the increase list. If the funds are not in the market, no matter how good the coin is, it will be useless; but once the funds are in the market, even the rubbish coins may turn around. Therefore, chasing high is sometimes the real bottom-fishing. Of course, this does not mean blindly chasing high, but also needs to be judged in combination with other indicators. For example, the top three in the increase list, the fee rate is positive or 0, the trading volume reaches 60%+ market value, the contract position is much larger than the market value, etc. If these conditions are met at the same time, then this coin is worth paying attention to.

As for the selling conditions, generally speaking, when the fee rate is full or relatively high, you can consider clearing out and leaving. Because at this time, the risk of continuing to hold is relatively high.

By the way, there is another trick about the dealer's position building. Generally speaking, the dealer will bury long orders in the contract before pulling the market. If the contract position of a certain coin is much larger than the circulating market value, it is very likely that the dealer is operating in secret. At this time, you can consider following up and buying, because once the dealer starts to pull the market, the profit will be very considerable.

#Saga

Deeply cultivate the cryptocurrency circle, any problem can be discussed.

Come on, cryptocurrency people! Always remember that to make big money in the cryptocurrency circle, you must ambush 100x coins in advance!

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