According to CoinMarketCap data, there are currently more than 23,000 cryptocurrencies on the market. I believe that most of the currencies will not return to their previous highs. Many worthless air coins will eventually go to zero. If you are a novice, how should you make a choice? I have the following suggestions:
1. Awareness of risks. Although it is a bull market, only a few people make money. It is impossible for four people to win at the mahjong table.
2. Choose leading currencies that have the potential to create value or already have market demand. These currencies are relatively safe. Try to play with local dogs as little as possible and avoid things that are purely a gamble of luck. If you want to gamble, first check your horoscope to see if you have the destiny.
3. Mentality. After buying coins, the most important thing is the mentality when facing ups and downs. Many people habitually chase ups and downs. Such people will always be harvested. Overcome fear, keep a normal mind, don’t have too much faith, making money is the goal. I have paid a lot of tuition fees for faith, and the market is changeable.
4. Fall in love with the currency you invest in and find inspiration from it. Inspiration will help you make the right trades. I don’t think there are any specific rules in the currency circle, nor do I believe in any technology. It’s all bullshit. Everything is what the dealer makes you think. $BTC $BNB $LPT $LINK $PYTH
5. Heavy positions can make miracles happen. If your capital is less than 100,000, do not invest in more than 3 currencies. You will not make money if you are too diversified.
The above is purely personal opinion, I hope it will be helpful to you
