1. If you are new to the industry, don’t rush to make money and learn quickly. If you don’t even know that an exchange will collapse and run away, how to cross-chain assets, and the concept of blockchain, how can you make money?
2. Try to step into more traps, practice more, and ask less questions. There are 101 opinions among 100 people in the cryptocurrency circle. Speculators think investors are idiots, and speculators think investors are parasites. A says this project is a great innovation, B thinks it is just a concept machine, and C says they are both scammers... Who should I believe? Don't believe anyone. There are scammers everywhere in the cryptocurrency circle, who specialize in standing on the streets at various traffic outlets to provide newcomers with targeted stimulating services. And 99% of the people in the cryptocurrency circle are leeks, who should I believe?
3. The circle is very important. In my opinion, 99% of the group chats are similar to those of the old men in the village park, focusing on small talk and occasionally posting profit screenshots. This is actually not very meaningful. A high-quality circle can at least let you see the facts of the cryptocurrency circle.
4. Investment is your own business. How do you understand this sentence? That is, investment is ultimately up to you. Other people's analysis and thinking are only for reference. You should do more independent research to form your own investment framework. Only with a framework can you have your own ideas.
5. Which is better, contracts, short-term, hoarding coins, playing with money, or NFT? The best one is the one that suits you. But contracts and short-term are not suitable for most people.
6. How can I find a 100x coin? If you don’t even know the basic concepts and don’t understand what the cryptocurrency world is all about, and you still ask around, you will never find a 100x coin with this mentality, and you will be shot. What I want to emphasize is that it is not that easy to make money in the cryptocurrency world, and even the easy ones can’t make money. If someone wants to argue that someone bought a 100x coin and the contract is so many times, then it is likely that he is a scammer.
7. Patience is the foundation of making money. You may have to study for a long time and be cheated countless times before you know what the cryptocurrency world is like. It’s okay. Cherish every experience of being cheated. These are the lessons you should learn on the road to investment.
8. Follow the basic rules of the cryptocurrency circle. If you lose money, you must admit it. If you are cheated, you must accept it. Experts often don’t complain, but the weak like to blame others for cutting leeks and complain that the rules are unfair. If you are no longer able to make rules, stop complaining.
9. Learn and practice at the same time. Some people say, I have learned so many concepts and understand them all, but they are still very abstract. This is wrong. You should learn and practice at the same time, experience various projects. Of course, output is the best practice. You can also output content to attract friends and communicate together.
10. As long as you work hard, you can always become a big shot. I'm sure many people will disagree with me. Isn't this nonsense? How many people are still leeks? Remember, it has nothing to do with you whether others are leeks or not. What you need to focus on is improving yourself. Nothing is difficult in the world if you work hard. If you want to argue again, please refer to point 2.
There are two main roles in the cryptocurrency world: bankers and retail investors. Retail investors often become the bankers’ buyers, rather than the predecessors taking over the successors. This is actually a contest between the wise and the foolish.
As a project owner, in a market where exchanges are highly controlling, the news and candlestick charts you can access are all carefully drawn by the dealers and the project owners. Under the control of algorithms, the exchanges can even accurately make you lose all your money. Most of the online comments advocating the coming of a bull market and the timing of entry are just smokescreens released by dealers to cut leeks. If you believe them, you may fall into the trap.
In a bear market, you must dare to buy at the bottom and hold firmly. In a bull market, you must restrain greed and sell at a profit of 3-10 times for long-term trading, at least 30% for short-term trading, and at least 100% for medium-term trading.
As an investor who has been working in the cryptocurrency world for many years, I am willing to share my experience and insights with you. If you are interested in the cryptocurrency world but don’t know where to start, you may wish to follow my homepage and discuss the mysteries and future possibilities of the cryptocurrency world with me. Click on the avatar to find me.
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How can newbies make money in the cryptocurrency world?
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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