I heard that you are interested in the cryptocurrency world? Want to make some money here? Don’t worry, read this beginner’s advice first, it will definitely benefit you a lot!
💰When it comes to earnings, we all have to open our eyes wide. For example, if you have 1 million and double your earnings to 2 million, it feels great, right? But if you lose half of it, you are back to the starting point. Let me tell you, it is much easier to lose 50% than to earn 100%, so be careful!
📈 Let's talk about the rise and fall. If it rises 10% on the first day and falls 10% on the second day, don't think you have returned to the starting point. In fact, you have already lost some money. The same is true in reverse. If it falls first and then rises, you still lose money. This is the cruel reality of the cryptocurrency world.
🌊Volatility is also a big problem. If you make 40% in one year and lose 20% in the next year, you may not even be able to outperform government bonds after a few years of this! So, keep a steady mind and don't be fooled by short-term fluctuations.
🎯Speaking of making 1% every day, it sounds easy, right? But do you know how many times your assets can be multiplied after 250 days? 12 times! How about after 500 days? 145 million! Are you tempted? But remember, this is not a joke.
🚀 Earning 200% every year for five consecutive years, does it sound like a dream? In five years, you will have 243 million! But such high returns are not something that everyone can encounter, so don't be too greedy.
🎯Ten times in ten years, sounds tempting, right? To achieve this goal, you have to maintain an annualized rate of return of 25.89%. Come on, you can do it!
🛒 Covering a position is also a science. For example, if you bought a coin for 10 yuan, and then covered your position when it dropped to 5 yuan, your cost would not be 7.5 yuan, but 6.67 yuan! Do you feel like you have made a profit?
📉Speaking of holding costs, it is a good idea to keep a portion of your chips after making a profit. For example, if you make 10% and keep 10% of your chips, your cost will be zero. In this way, you can hold it for a long time without any pressure! But don't forget that there are still risks.
📊Finally, let's talk about asset portfolio. Don't put all your eggs in one basket. You can invest in some risk-free assets and some risky assets. This way you can guarantee returns while reducing risks. This is the secret of a capital preservation fund! Okay, newbies in the cryptocurrency circle, have you got all this knowledge? Come on! To be in the cryptocurrency circle, you must always keep a clear mind and keen insight. Today I recommend a good coin to everyone, Musk's concept 🐶 coin puppies. It has been so turbulent in the past two days, but puppies has always been very stable. It is estimated that it will be the next shib#puppies币 #BTC投资案未获微软股东同意 #XRP逆势反弹 #puppies这个具备百倍千倍的潜质，马斯克i #puppies，市值 $ME $USUAL
