The painful lessons learned from losing money in cryptocurrency trading
I have been working in the cryptocurrency circle and have experienced losses time and time again. Those lessons are really bloody! Today I will talk to you about it in detail, hoping that you will not repeat my mistakes.

1. New coin launch operation strategy
When a new coin is launched, the chances of making money by shorting it are much higher than by going long, but be sure to set a stop loss! There is too much uncertainty in new coins, and the price often moves like a roller coaster. Many times, new coins are over-hyped when they are first launched, and the price is artificially high, and then they often fall sharply. Therefore, there are relatively more opportunities to short, but if you don't set a stop loss, once the trend is contrary to expectations, the loss can be heavy.

2. Tugoucoin investment tips
If you are optimistic about a certain dog coin, you have to be careful about how you operate it. First of all, you have to think about doubling the principal you invested, which is the primary goal. After you get your principal back, you can hold on to some of the coins and trade the other part. But be careful, if it falls to your cost price, don't use your principal to buy the bottom, it's like a bottomless pit, it's easy to put all your principal in it, and finally be buried deep in it, with no place to cry.

3. How to deal with friends recommending Dogecoin
If a friend asks you to buy a certain Dogecoin together, you can't just follow him blindly. You must check his cost price. If his cost is similar to yours, you can consider sharing the risk. If he has already made many times the profit and asks you to buy at this time, it is very likely that he wants you to buy at a high price. In this case, you must be careful not to let friendship "kidnap" your wallet.

4. Learn about efficient ways to run projects
If you want to quickly understand a project, the best way is not to just look at the official information. You have to look at the atmosphere of the community chat, which hides big secrets! In the community, everyone will share all kinds of news, some of which you already know, some of which you don’t, and even a lot of negative insider information about the project. From this, you can dig out a lot of information that is useful for investment decisions.

5. Key points for token price evaluation in the early stage of token launch
The evaluation of the price of the token before it goes online is extremely critical! This directly determines whether you are buying at a high price or a low price. At this time, you can find projects in the same track for benchmark analysis. By comparing the price trends and project features of similar projects, you can evaluate the reasonable price range of the newly launched token, so that you can better grasp the investment opportunity.

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