What is the most important thing not to do in the cryptocurrency circle?
The most difficult thing in cryptocurrency trading is not choosing coins or buying and selling, but waiting.
Trading is actually very simple, just see the direction clearly and wait patiently for the trend. Only by catching the trend can you make big money.
That is to say, seeing the direction clearly in the cryptocurrency circle, and then waiting for the opportunity to build a position or holding it after having a position is the most important thing for every trader to do.
Don't touch contracts, don't hold orders, and don't rush into local dogs. To be honest, I agree with these. But if you add the word "most" in front, I would say, don't go to wild chicken platforms.
It is the kind of so-called ultra-low handling fees to attract you. In order to magnify your greed, the contract position is allowed to be up to thousands of times.
Similarly, for the safety of your account, wild chicken exchanges that do not allow withdrawals are not allowed.
Others are like opening contracts, holding orders, and rushing local dogs. Although such operations are accompanied by extremely high risks, they are not fatal.
As long as you do a good job of position management and learn to stop profit and stop loss, you will not be beaten back to your original form all at once. Besides, although the risk is high, the return is also high. At least you have the possibility of making money.
Most people are just aiming for, what if they make money, what if it's me, then they can withdraw money to improve their lives. Although there is a high probability of loss, it may be a huge loss.
But at least you are convinced and willing to accept defeat. You are going to a pheasant platform: from the moment you enter, you are a lamb to be slaughtered.
The identity of the platform is no longer a so-called matching service, but an open market maker. Your account will remain normal in the case of losses. Once you withdraw profits, the platform's security risk control will be triggered in minutes.
Then, you face endless rights protection and exhaustion. This is a hundred times more painful than losses or even liquidation.
