Don’t play with contracts. Don’t play with contracts. Just remember to buy the first and second ones, big cake ether.
There are also BnBs that only need to buy these few and ignore the others. The first fund should be slightly more sufficient, at least 500 US dollars or more.
If you only have this much money, you can just buy a BnB and make 10% a month, no matter how much.
This is very easy to get. If you have a little capital, you can buy more spot. Never use leveraged contracts, otherwise you will lose a lot of money.
Remember, if you don’t understand something, don’t expect to get rich overnight, because there are already many examples.
Don't make the third, fourth, or fifth mistake. Life is not so complicated. If you only have certainty, you need to understand the direction of making money.
Otherwise, you will either make money or lose money, and the money you lose will definitely be greater than the money you make.
The market is used for elimination, not for making money. This is what has been happening over the past decade.
For example, in 2020, a couple in Zhejiang took out a loan to trade in Bitcoin. At that time, the price of Bitcoin they bought was about 6,000 to 7,000 US dollars.
Even lower. Because they used it and then the price of Bitcoin fell to $4,000.
He exited the market with a loss, and by December the price of Bitcoin had risen to $25,000.
Then Bitcoin broke through 30,000, 40,000, 50,000, and finally reached a peak of 70,000.
If they did not use leverage to trade cryptocurrencies, their 20 million yuan would have increased by 10 or 20 times.
It is about 200 million to 1 billion yuan of funds, but there is no if. Any persistence and leverage are related.
If you insist on high leverage, your position will be ruined over time. This is true for both the stock market and the cryptocurrency world.
In the past, some people used 50,000 yuan of capital to reach about 20 million yuan through futures trading, but because they did not see the peak too much,
Because there are some factories whose stock prices may drop to 10 million, 2 million, 300,000, 100,000, or even 50,000, and all the principal will be lost.
People are never satisfied, so don't trust your determination. Sometimes knowing when to stop is the best outcome, and luck sometimes brings most of the uncertainty.
Therefore, newcomers must understand one thing: do not use leverage, do not play contracts, and never enter the so-called small exchanges.
Keeping the principal is the biggest profit, and the prerequisite is to keep the principal.
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