Some honest words for cryptocurrency novices
First reminder
The cryptocurrency market has passed the stage of getting rich overnight and is now on the road to formal financialization. It is time for capital giants to compete with each other.
Don't always think that you can increase your value by dozens or hundreds of times by just buying a coin. In the current market, there are very few coins that can increase by hundreds of times.
The bull market is really here, but it is not so easy to find coins that have increased by more than 50 times.
Second reminder
It sounds tempting to buy new shares in the primary market, with small investments and big returns, but you have to know that 99% of the projects will eventually return to zero, and the people who recommend you will not tell you this.
Recently, some small exchanges have been newly listed. Some KOLs may ask you not to move when they are quietly selling their shares, and they will run away first.
Third advice
Playing the full warehouse of the contract, the multiple is full, and you will make a lot of money, but you will also lose a lot.
The essence of currency speculation is to sell and roll. How much you make is not the key, you have to know how to operate.
Fourth reminder
When someone is frantically promoting a certain coin, it is often the time when the coin is about to reach its peak.
If you have it, you can consider withdrawing; if you don’t have it, entering the market at this time is likely to be a buyer.
Fifth reminder
Students should focus on their studies and trade in coins as a supplement; young people under 25 should improve themselves first and trade in coins as a supplement; those under 30 should find a stable job first and trade in coins as a supplement.
Trading is a protracted battle, not a matter of one or two days. Even if you are gifted, it will take five years to achieve financial freedom. Having a good side job is very helpful for successful trading.
Sixth old saying
Good fortune will not enter a family without virtue, and wealth will not enter a door of haste.
Water can nourish all things only when it is calm, and the same is true for trading. Don’t be proud of making money, and don’t blame yourself for losing money.
Profits and losses come from the same source, so summarize and reflect more. Emotional people can’t trade well.
Seventh reminder
Others won’t tell you about making money easily. If someone tells you how much you can earn from a certain coin, you have to be careful, because he may want to cut your leeks.
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