If you want to get rich overnight in the cryptocurrency circle, ask yourself first
1. Are you one of the 20% or the 80%?
2. What qualifications do you have to make money in this industry?
3. Who is making money in this industry?
4. Have you studied hard? Can your knowledge reserve surpass most investors?
5. Do you have the ability to think independently?
6. Is your investment strategy just to follow the orders of group friends, bloggers, and KOLs?
7. Can you be calm in the face of the dealer's manipulation?
If you want to survive in the cryptocurrency circle, you must first learn position management.
First: Don't operate with a full position, always keep a certain proportion of spare funds.
Second: Buy and sell in batches to reduce risks, dilute costs, and magnify profits. The advantage of buying in batches downwards and selling in batches upwards is that you have a lower average price than others and higher returns.
Third: When the market is weak, you should hold a light position, and it is best not to exceed half of the position in a bear market.
Fourth: As the market changes, you should make corresponding position adjustments, increase or decrease positions appropriately.
Fifth: When the market is sluggish, you can short-term short positions and wait for opportunities to come.
Sixth: Change positions: keep strong currencies and sell weak currencies.
The currency circle is a magical place, with risks and opportunities. Before the regulation comes, the currency circle is still an opportunity for ordinary people like us. Not to mention getting rich overnight, it is still no problem to support your family, but don't touch the contract.
