In the past ten years, I have witnessed the dramatic ups and downs of the crypto world, paid tuition, and stepped into countless pitfalls. Here are my suggestions, hoping to help you take fewer detours in the crypto space:
1. Control risk: Never invest essential living funds. Trading coins can lead to both gains and losses; you must be able to continue living even in the face of losses.
2. Don't blindly chase highs and sell low: The volatility of coin prices is severe; blindly chasing highs or panic selling will only lead to more losses.
3. Learn fundamental and technical analysis: Understand the actual value of projects, learn to read candlestick charts and market trends. Knowledge is the weapon to avoid being taken advantage of.
4. Beware of 'pie falling from the sky': High returns often come with high risks; stay away from unrealistic 'get-rich-quick opportunities'.
5. Patience is key: Holding long-term can accumulate wealth more than short-term speculation.
Making money in the crypto world is not difficult, but staying rational is more important. Master knowledge and control your mindset, and you can become the ultimate winner!
