If you want to make money in the cryptocurrency circle, you must do the following:
1. Don't rush to get on board
You may feel itchy when you hear that others have made money, but don't rush to rush in. You must first understand some basic knowledge and know what cryptocurrency speculation is, and then consider investing money.
2. Be careful about rising and falling
Don't follow the trend, don't blindly follow others to buy. You may not know until others buy in, and it may be too late at that time. It is better to wait for a good time before taking action.
3. Don't bet all your money on one target
Don't put all your eggs in one basket. You should diversify your investments and buy several different targets, so that the risks are dispersed.
4. Have a bottom line
Set your own loss tolerance, don't throw all your money in just for a gamble. Set a stop loss point, stop loss in time when the loss reaches a certain level, and protect your principal.
5. Learn more and be less blind
Learn more about the cryptocurrency circle, such as looking at the basic situation of the target and listening to the advice of experts. Don't just listen to rumors, don't just listen to the wind.
6. Don’t be greedy
When you see that you have made some money, you will think about making more. As a result, you may end up selling everything you own and not having a penny left. Take out a portion of the profit in time, and don’t always think about making more.
7. Don’t be swayed by emotions
The market fluctuates greatly, don’t be swayed by emotions. Don’t rush to sell just because others are anxious like ants on a hot pot, and don’t blindly chase the rise just because others are buying.
8. Time is a friend
Don’t be anxious, time is a friend. Don’t think about getting rich overnight, be patient, take your time, make steady progress, and make money slowly.
Remember, you should invest rationally in currency trading, and invest with your spare money!
As an investor who has been working in the currency circle for many years, I am willing to share my experience and insights with you. If you are interested in the currency circle, but don’t know how to start, you might as well follow my homepage and discuss the mysteries and future possibilities of the currency circle with me. Click on the avatar introduction to find me.
