In the cryptocurrency world, to avoid being taken advantage of, remember these core rules:
Newcomers must read carefully to avoid making mistakes.
1. Give up the fantasy of getting rich overnight: There are many opportunities in the cryptocurrency world, but very few lead to long-term stable profits.
2. Diversify your attempts with small amounts: The best way to reduce risk is not to concentrate your funds on a single trade.
3. Stay cautious: Even with a monthly income of 20,000, one cannot be careless; every profit must be approached with caution.
4. Always use stop-loss orders in contracts: With high leverage in contracts, timely stop-loss orders are essential to prevent losing everything overnight.
5. Time and patience are crucial: After purchasing cryptocurrencies, patience is necessary; blindly chasing short-term gains only increases risk.
6. Remember: Every profit you make comes from someone else's loss: Maintain a calm mindset and avoid greed.
7. Invest with spare money for more confidence: Not relying on this money for living is key to long-term persistence.
8. Stay away from plummeting coins: Coins that have already halved multiple times usually hold little value; avoid relying on luck.
The cryptocurrency market is filled with uncertainty and challenges, but it also contains potential opportunities. Investors should fully understand the associated risks when participating in cryptocurrency investments, remain calm and rational, and respond to market changes with a prudent strategy!
