Five years of experience and 16 coins circle survival guide (purely handwritten, very long)
1 If you don’t have enough understanding but have the impulse to make decisions, I suggest you follow 20 powerful respondents and see their predictions. Whichever direction is predicted by more people, choose that direction. This method was often used when I was a poor student. For example, during exams, I would look for answers from a few top students and choose the answer that was supported by more people. Or you could follow 20 less trustworthy respondents and do the opposite. This approach also works great for me when I'm taking exams, when I'm not sure of the correct answer and I try to avoid the wrong answer. 2. Don’t be blindly superstitious about small projects such as Tugou, altcoins, and MEME. These projects usually only have one chance to get on the bus. If you miss it, you are likely to suffer heavy losses, and these projects have no chance of a second outbreak. If you are a dog dealer in these projects, do you think it is better to raise the price again to let leeks enter the market to make money, or to clear the stock and get off the market? I chose to clear the goods and get off. Recently, many people have asked me in private messages whether AI Dog and PEPE should sell because they can no longer bear losses. Here I can only advise you not to chase the high price and buy the Earth Dog and Golden Dog. When the time comes to get on board, it's usually when most people don't know about the project. If a lot of people are already on the bus, I usually wish them good luck. 3 Regular traders usually do not trade frequently, they wait for solid opportunities. However, some "big guys" on the Internet predict the market dozens of times a day with almost 100% accuracy. Once I saw a so-called "big guy" predicting the market, which was obviously wrong, causing losses to himself and his fans, but he still claimed that his prediction was successful and everyone was welcome to pay the tuition. Who are the people who are willing to pay tuition? 4. I don’t know much about the security issues of wallets, but I suggest that you don’t update wallets at will, because updates may introduce backdoors or vulnerabilities. Do not click on unfamiliar links. Even if you have downloaded an anti-fraud application, do not easily click on unfamiliar links and authorize your wallet. The current market situation is not a real market, so don't take strange actions and be patient. Being too utilitarian will only lead to wrong decisions.Patience is the basis for making money. How is it different from gambling when you want to get in the car every time? Only gamblers participate in every game. Has anyone ever seen people who gamble every day make money? 5 Don’t be like the 10U God of War. This mentality will seriously affect your judgment. The mentality of 10U and 1WU is different. Don't give yourself the chance to be overconfident, otherwise you may suffer even worse losses. 6 The risk of doing 50X-100X contracts is very high. I have not seen anyone who has successfully done such high-leverage contracts for a long time. The more frequently you trade, the higher the risk. If you do not understand basic financial knowledge, it is best not to try high-leverage contract trading. Be wary of respondents and so-called bosses who claim to have inside information. If you really have insider information, you can become financially free in just a few operations. But the big guys who claim to have information seem to have been scrambling for a living. This raises the question: are they deceiving others or are they being deceived? 7 Never believe that you can buy the bottom. Human greed and fear are endless. Don't imagine that you can predict the bottom of the market. Take it when it's good, don't be greedy. 8 Don’t try to use luck to change your destiny. If you are a lucky person, you will have already succeeded in other industries, instead of being desperate and coming to the currency circle to make a desperate move. 9. Stay humble. The currency circle can both create myths and get you into trouble. 10 If you are just an investor with a small amount of money, don’t underestimate your potential. Small capital losses may have an impact on your expectations. Don’t blindly pursue quick success. 11 Don’t believe those who claim to be able to predict the market. Most people are just bragging and are actually in debt. They are still active on the Internet, but they have just changed a way to make money, that is, charging tuition fees and attracting people. This leads to a vicious cycle. 12 Don’t be overly superstitious in saying that the harder the market, the greater the opportunity. The more stable the market, the more opportunities there are. Investment institutions prefer stable markets, while unconventional investors are more susceptible to market fluctuations. 13 Don’t regret any decision and don’t waste time reviewing it over and over again. If you lose money, you can quickly find the reason for the loss, and there is no need to blame yourself over and over again.14. Don’t be overly inflated, because pride will often make you lose everything in an instant. 15. Never try to buy the lowest point, and stop when you are optimistic. Don't get caught up in endless fear and greed. The 16 currency circle requires patience and humility. It is not a place where you can get rich overnight. The currency circle requires long-term learning and accumulation, experience and the ability to analyze the market. I hope these experience sharing can help everyone better understand and cope with the challenges of the currency circle.