Twelve pieces of advice for newcomers in the cryptocurrency circle!
First piece of advice
The cryptocurrency market has gone through the period of wild explosion. The next stage is the stage of formal financialization and the stage of capital institutions competing against each other.
Stop dreaming of making a profit of dozens or hundreds of times by pinching a coin. According to the current market sentiment, coins that can increase tenfold are rare.
Even if the bull market really comes, there will not be many coins that can increase more than tenfold.
Second piece of advice
It is indeed a small investment with big returns in the primary market, but those who recommend you to play in the primary market will not tell you that 99% of the projects will return to zero.
Even if you go to some small exchanges, some KOLs will probably ask you to hold on when they throw chips, and they will go one step ahead.
Third piece of advice
Although you can make a lot of money by playing the full warehouse of the contract + the maximum multiple, you can also lose a lot of money.
I don’t think anyone will tell you that the essence of currency speculation lies in rolling positions, not how much profit you make from a single order.
Fourth piece of advice
Generally speaking, when someone is crazy about CX a certain coin, it is basically coming to an end.
At this time, if you have held this coin before, you can consider getting off the train.
If you do not hold this coin, it is best not to enter the market at this time, because there is a 90% probability that you will take over.
The fifth piece of advice
If you are a college student, please focus on your studies and trade in coins.
If you are a young person under 25 years old, please focus on improving yourself and trade in coins.
If you are a young person under 30 years old, please focus on choosing a stable income and trade in coins.
Trading is a hard battle, not a one-day battle.
At the same time, trading is also a time-consuming journey.
Even a talented trader needs to continue to do it for five years to achieve financial freedom.
Having an excellent off-site money-making ability and a platform that can provide its own sustainable capital supply will play a multiplier role in our success.
The sixth piece of advice
Good fortune does not enter a home without virtue, and wealth does not enter a hasty door.
Under what circumstances is water suitable for all things to be nurtured? Is it suitable for all things to be nurtured when water is still?
So, when you make a profit from trading, please don't be too arrogant, and when you make a loss from trading, don't blame yourself too much.
You must understand the principle of "profit and loss come from the same source".
Whether you make a profit or a loss, you should summarize yourself from time to time and ask yourself why this order is profitable, and why this order is a loss?
Remember, a young man, an emotional person cannot do a good job in trading.
The seventh piece of advice
Others will not easily tell you about making money. If someone tells you how much you can make by investing in this coin, then you have to be careful, maybe he just wants to make a profit from you.
The eighth piece of advice
Don't trust those who post position income too much. Maybe they just got a profit from a certain position, but in fact, many of them are negative. The probability of posting is to let you recognize him, so as to achieve the idea of harvesting you.
The ninth piece of advice
People who play contracts will eventually return to zero, and the accuracy rate is as high as 99%. Don't disbelieve it, because human desires are unlimited, and few people can really give up gambling and do every transaction rationally.
Trade a hundred times, lose control once, and the previous income + principal will be wiped out.
The tenth piece of advice
You should pay attention to some bloggers who share their experiences, rather than those who brainwash/promote/or make profits. Think about what you can learn from them.
The eleventh piece of advice
If you want to do a good job in trading, you should have your own insights, rather than just following the opinions of others. Just like a blogger shares his profitable experience, he can make a profit from this set of theories, and when you hold this set of theories and suffer losses, it is mostly due to your own factors, just like when we read "Wang Yangming's Mind Learning", you have read the Mind Learning, can you achieve the same "unity of knowledge and action" as Mr. Wang Yangming?
Therefore, finding your own set of money-making theories is the golden key to your stable income. Other people's experiences are just fertilizers, and they are enough as reference standards for whether they are feasible when building your own theories.
Twelfth piece of advice: Make more friends with veterans in the cryptocurrency industry, even if they are people who have been trading for many years and still lose money. By spending more time with them, you can find out the reasons for your own losses. You can avoid some of the reasons for their losses in time and trade in the opposite way to them. As a result, you will find that making money is so simple.
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