Some Trading Advice for Newcomers in the Crypto World

Generally, there are two types of trading

One is to earn money from cycles, which means during a bull market, by holding Bitcoin and keeping it for the long term, you can earn from the overall market increase.

The other is to earn money from volatility.

By controlling leverage, after the BTC price falls into a suitable price range, establish a coin-based (Bitcoin-based) long position, stake Bitcoin to borrow some funds when the price is right, and then close the coin-based long position when the price rises, to increase the amount of Bitcoin held.

The first step is to find a trading style that suits you.

Typically, experienced traders in the crypto world usually have more coins and less cash, focusing on the cycles of the crypto market, popular sectors, on-chain data, and other indicators.

Tools you can use: Jin10 Data, PANews, Fei Xiaohao, Odaily, etc.

You can also join popular communities, as they usually share hot trends in the crypto space daily, allowing you to stay updated with the latest news in the crypto world. The hardest part for newcomers is overcoming the information bottleneck.

Finally, preserve your principal and avoid all-in bets!