Selected Coins: It is recommended not to exceed six types, choosing those that are unlikely to disappear even in three to four years—super mainstream coins. If it's hard to choose, consider accumulating only Bitcoin (BTC), as it is the most stable and widely recognized cryptocurrency.
Diversified Investment: Do not put all your funds into a single coin to avoid risks brought by black swan events. Choosing three to six coins for diversified investments can reduce the impact when a single coin encounters problems.
Reference Experience: Refer to the choices of experienced investors, many of whom started investing from 2012 to 2013; their choices often have certain reference value.
Regular Investment Strategy: Choose a regular investment method, starting to invest periodically during Bitcoin's long-term low-volume consolidation or the initial phase of a rounded bottom, avoiding investments during a downtrend.
Mindset adjustment: When accumulating coins, have a pessimistic expectation. Even in the early stages of a bear or bull market, be prepared for long-term holding. Use spare money that does not affect daily life for investments. Even when facing significant declines, remain calm, as high-quality coins like Bitcoin have the potential to recover in the long run.
When selecting coins, consider the following options:
Bitcoin (BTC): As the market leader, Bitcoin is the safest choice and suitable for long-term holding.
Ethereum (ETH): With its smart contract functionality and wide range of application scenarios, Ethereum is another mainstream coin worth considering.
Binance Coin (BNB): As the native token of the Binance exchange, BNB holds a place in the cryptocurrency market.
Tether (USDT): As a stablecoin, USDT provides a relatively stable investment option.
Litecoin (LTC): As a lightweight alternative to Bitcoin, Litecoin is popular for its fast and low-cost transactions.
Finally, investing in cryptocurrencies requires caution. Always stay aware of market dynamics and make investment decisions based on your risk tolerance. Remember, investing carries risks, and you need to enter the market cautiously.
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