đš Things to Note for Newcomers in the Cryptocurrency Circle đš
1. Start with Bitcoin and Ethereum: These are the most stable and established cryptocurrencies. Other currencies can be highly volatile, causing unnecessary stress.
2. Avoid Small Exchanges: Stick to major exchanges like Binance. If a currency isnât listed on these platforms, itâs likely very risky. Donât be swayed by anyone urging you to buy it.
3. Donât Go All In Manage your positions wisely. Even in a bull market, there are plenty of opportunities to enter gradually and strategically.
4. Avoid Playing with Contracts: Contracts are for risk hedging, not gambling. Donât get tempted to use them as a quick money-making tool.
5. Be Cautious with Transfers: Thereâs no need to transfer small amounts to your wallet. The risk of losing it is higher than the risk of theft, especially for beginners.
Stay informed, be cautious, and make smart choices as you navigate the exciting world of cryptocurrency!