What should novices pay attention to when entering the cryptocurrency circle?

(1). Choose a reliable exchange

It is very important to choose a reliable trading platform when trading cryptocurrencies. Otherwise, the exchange will run away and your coins will be gone! FTX will go bankrupt in 2022. Can you believe it? This is an exchange with a valuation of over 10 billion US dollars. Currently, the safest exchange is Binance, which has sufficient reserve assets.

(2). Understand the basic knowledge of Web3

You should at least understand what USDT is, what is on-chain, what is a public chain, and what is BTC and ETH! Otherwise, you will buy some coins. The above is just the most basic introduction. Follow me and I will take you to the beginning.

(3). Learn to manage your positions reasonably

The risk of cryptocurrency trading is really high, so you have to control the amount of investment funds. Don't invest all your money in the cryptocurrency market to avoid huge financial losses. Of course, Bai Ding invested all his spare money in the cryptocurrency circle. But my major funds are all in Bitcoin and Ethereum, and only 30% of the funds are allocated to altcoins and local dogs. Including my experience of catching 102 times, I am definitely not heavily invested. Because investment is risky, be cautious when going all-in! What I need is to make money in a long-term manner, not to make 100 times the profit this time and lose it the next time. Only by controlling the position well can you have continuous income!

(4). You can learn from KOLs, but don’t follow them blindly

When you are a newbie, you definitely don’t know anything. So at this time, if you have a guide (such as me), I can help you a lot. How to register an exchange, how to buy coins, how to withdraw coins, how the market moves, when to buy and sell, I can help you. But you can’t listen to me for everything, because the money is yours! And all KOLs can’t be invincible. If that were the case, why would I write answers here and do self-media? If I were an invincible general, I would have been the next Buffett.

(5). Go with the flow

Suppose you really can’t help it and want to open a contract at a low multiple to gamble. Then you have to go with the flow! In a bull market, don’t short, because the rise is a high probability event. In a bear market, don’t go long, because the fall is a high probability event. For example, now is the early stage of the bull market, you must not short!Last week (when Bitcoin rose from 15,400 to 73,000), two KOLs went against the trend and shorted all the way, losing tens of millions. I don’t want the next person to be you.

If you want to know more about the relevant knowledge of the currency circle and first-hand cutting-edge information, here is 一起暴富 and I will come to the cow house!

#美国4月CPI数据回落 #Meme币你看好哪一个？ #PEPE创历史新高