I've seen a lot of newbies entering the market lately, so I'd like to remind you of that.
Dear beginner friends, if you want to enter the world of cryptocurrencies, you must first keep your eyes open and have a stable mind. This thing is a double-edged sword, it can make you laugh and cry. In this cycle, risks are everywhere, so you must always remind yourself not to let greed blind you.
First of all, you should know that the cryptocurrency market is very volatile, it is common for it to rise by tens of percent per day, but it is also unforgiving when it falls. If you don't have strong mental stamina, your little heart may not be able to handle it when you see the numbers in your account jumping up and down.
Second, don't put all your eggs in one basket. This phrase is a cliche in the world of investment, and it means diversifying risks. In cryptocurrencies, you need to invest in different currencies or other assets, do not spend all your money buying Bitcoin or Dogecoin.
Furthermore, don't listen to "experts" and "insider information." Some people are dedicated to scamming beginners, they will tell you which coin will skyrocket and which project has unlimited prospects, in fact, they may just want you to take charge. Remember, when it comes to investing, you should rely on your own research and judgment.