1. Bitcoin and Ethereum are the hard currencies in the blockchain world. If a novice does not know what digital assets to buy, BTC and ETH are recommended.
2. There are many types of digital currencies, including: currency (BTC), platform (ETH), application (SC), anchor (USDT), dividend (BNB repurchase) digital currencies have multiple attributes. Newbies in the currency circle only need to distinguish between value coins and air coins. Value coins can be held regularly, and air coins should not be touched even if they multiply ten thousand times!
3. The channels for purchasing legal currency are: OTC trading platforms and private OTC. OTC trading platforms generally support multiple assets such as BTC/ETH/EOS. Private OTC depends on the scale, and most of them only support BTC and ETH hard currencies. Try to avoid private transactions without guarantees. Once you are cheated, it is difficult to recover.
4. Conventional trading platforms: bitfinex, bittrex, binance, okex, Huobi.com, etc. Bitf has the richest gameplay, bitt has the largest trading volume, and Binance has the best experience. The combination of the three can basically meet all the needs of ordinary users.
5. Commonly used wallets: Imtoken is recommended for Ethereum, and Bitpie is recommended for Bitcoin. Be sure to keep your private key and mnemonic phrase! Once you forget them, your assets will be cleared.
6. Do not put important digital assets other than air coins on the website, but in a safe wallet. Most websites are not 100% guaranteed, and theft, embezzlement, or running away happen from time to time!
7. Due to its financial attributes, the field of encrypted digital currency is a disaster area where hackers are active. When registering for an exchange, you must do a good job of security and must enable Google two-step verification! Do not use the same account and password for different websites. Once the database is hit, everything will be stolen.
8. The operation process of currency-to-currency transactions is: legal currency → Bitcoin/Ethereum → blockchain project tokens → Bitcoin/Ethereum → legal currency.
9. The full name of ICO is: Initial Coin Offering (initial currency issuance). The essence means that smaller companies can publicly raise funds through their own virtual currencies in the early stages of their establishment, which can be compared to stock market IPOs (initial public offerings).
10. There are time nodes and amount limits for participation in ICOs. Generally speaking, the earlier you invest, the higher the return, but some projects cannot be bought with money.Such as airdrop projects (except for a small number of normal projects for market promotion, most of them are worthless coins. Be sure to pay attention to the account and password for registering their website should not be the same as the commonly used one), and there are also projects that are not short of money, such as rsk
11. Regarding private placement, high returns are generally promised. Facts have proved that most of the non-official direct investments or confirmed ones are scammers. Don't trust the agent investment. Where can you find them when they run away with the money? The agent investment must identify institutions with a history of private placement and this private placement can be officially verified!
12. The investment risk of ICO is extremely high, and ordinary people are easily overwhelmed by high returns.
13. Cryptocurrency speculation is different from stock speculation. Don't enter the market with the thinking of stock speculation. Digital currencies with a daily ups and downs of 50% are staged every day, and it is also common to double dozens or hundreds of times. As the saying goes:
One day in the currency circle is a year in the human world.
14. There is no so-called technical analysis in the currency circle. Short-term fluctuations are unpredictable and unpredictable. The only low-risk arbitrage is hedging and bit lending, which are the only two proven ways in the currency market.
15. The most reliable investment method is value investment, the most ideal investment operation is fixed investment, and the most appropriate investment ratio is 5/2/2/1 or 4/3/2/1, 50% (40%) mainstream currency, 20% (30%) potential currency, 20% (20%) ICO, 10% (10%) cash.
16. Don't let investment affect your normal career and related income. Investment is just a possible way to overtake others. No matter how much money you make in the stock market/currency market, you need to always remember that the ability to make money outside the market is far more important than the ability to make money inside the market.
17. The investment ratio should not exceed 30% of the total assets. Special investment funds are best. Don't take out loans, don't cash out, don't leverage, don't futures, don't think about getting rich overnight, and don't play games that you can't afford.
18. If you are still frequently watching the market, worrying about prices, and can't sleep at night, then you are probably not investing, but gambling. This is not a good way and will not have ideal results.
19. Don’t invest a large sum of money before you have enough experience. Use money that you can afford to lose to play with coins, so that your mentality will not be unbalanced; strictly follow the plan, use a small amount of non-additional funds to take risks and be harvested, and gain experience in the coin circle routines. This is the most cost-effective way to spend money to buy experience!
20. Returns are always proportional to investment. I hope you and I can seize this wave of dividends.
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