The metaphor means that instead of giving people something directly, it is better to teach them how to obtain it so that they can obtain it through their own efforts.
Blockchain is a term in the field of information technology. In essence, it is a shared database. The data or information stored in it has the characteristics of "unforgeable", "leaving traces throughout the process", "traceable", "open and transparent", and "collectively maintained".
In the field of digital currency, in this circle, most blockchain projects are referred to as Tokens.
How can you make money in this field, the cryptocurrency world?
How should newcomers choose the method that suits them?
First register on Binance exchange.
Follow the operation of the big V teacher (contract-spot)
Follow the order (easy to fall into the trap)
Learn technical indicators, analyze and operate by yourself.
Buy whatever your friends recommend.
So how should we research a project?
Research project endorsements, financing, and investment institutions.
Project Information
What kind of project is this?
How big is its market space?
Does it have a competitive advantage?
What is the history and future status of the project?
What are the main risks?
To establish a logical fulcrum, three questions must be asked for every investment:
1. What is the strategic reason for investing in this project?
2. What is the tactical arrangement for investing in this project? Short-term performance fluctuations are a good opportunity to reduce holding costs.
3. What are the key factors that influence the success and failure of project development?
Continue to track projects to understand the execution and operational capabilities of the project team
No matter how good the track is or how popular the market is, it is inseparable from the execution of the project team. Investment ultimately depends on people. We not only need to sort out the known information, but also need to continue tracking to see the overall rhythm of the project.
1. Check the official push of key projects every day
2. Check the sentiment of the Telegram community of key projects every day
3. Check relevant news reports regularly
4. Check social media regularly
Fourth, establish a hierarchical blockchain project pool
Class A cannot understand and just give up;
Category B has a wide space, but there are many problems that need to be observed;
Category C formulates investment strategies based on thorough research.
Fifth, build positions in batches according to the type of trading objects.
Unlike many people who go all in at once, they build their own safety margin and hedge against future uncertainties with relatively low prices. Real professional investors will patiently wait for the most certain and risky opportunities before taking action. They are good at choosing opportunities and then dare to take action when the winning rate is sufficient.
I adopt the strategy of building positions in batches, and I build positions in batches when there is a pullback or sideways trading.
The best time to buy and sell is usually "not so comfortable". The best time to sell is when the project is most prosperous, the market feedback is the most enthusiastic, and the mood is the highest. The best time to buy is often when the project is in a downturn, the prospects are unclear, it encounters a sudden major blow, and the market evaluation is the worst.
The strength is determined by the quality of the two quadrants, object and opportunity. If both are good, the strength is high (40-60%), one is good and the other is average, the strength is medium (20-40%), do not buy if you are itching to buy but are not assured, establish a tentative position (within 10%), and give up the rest.
Sixth, learn to stop profit and establish the idea of Bitcoin standard
The most painful thing is to earn money but then lose it, so every project will have a profit-taking strategy. Once the psychological expectation is reached, the profit will be taken in batches and converted into Bitcoin, but the position will never be cleared. As long as the big market is still there, the profit will be left to float.