Some advice for newcomers to the cryptocurrency community!

first advice

The cryptocurrency market has gone through the period of brutal explosion. Next is the stage of formal financialization and the stage of competition between capital institutions.
Stop dreaming about pinching a coin and eating it dozens of times or a hundred times. According to the current market sentiment, coins that can multiply ten times are very rare.
Even if the bull market really comes, there won't be many coins that can increase more than ten times.

second advice

Playing new games in the primary market is indeed a small investment with big returns. However, people who recommend you to play in the primary market will not tell you that 99% of projects will return to zero.
Even if you are on some small-name exchanges, when a certain KOL loses his chips, he will most likely ask you to hold on, and he will take a step in advance.

The third piece of advice

Although you can make a lot of money by playing contract full position stud + multiplier max, 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 you earn from a single profit.

The fourth piece of advice

Under normal circumstances, when someone is crazy about CX a certain currency, it is basically coming to an end.
At this time, if you have held this currency before, you can consider getting off.
If you do not hold this currency, it is best not to enter the market at this time, because there may be a 90% probability of taking over.

The fifth piece of advice

If you are a college student, please put your studies first and currency speculation second. If you are a young person under 25 years old, please focus on improving yourself and speculate on currencies as a supplement. If you are a young person under 30 years old, please choose a stable income as your first priority, followed by currency speculation.
Trading is a battle, not a day. At the same time, trading is a time-consuming journey. Even a talented trader needs to continue working for five years to achieve financial freedom. Having an excellent off-site earning power and platform can provide its own sustainable capital supply, which plays a multiplier role in our success.

The sixth piece of advice

Blessings cannot come into a house without virtue, and wealth cannot come into an anxious door.
Under what circumstances is water suitable for nourishing all things? Is water suitable for nourishing all things when it is still?
Therefore, when you gain profits from trading, please don’t be too arrogant. When you experience losses from trading, don’t blame yourself too much.We must understand the principle of "profit and loss come from the same source". Regardless of whether you make a profit or loss, you should summarize yourself from time to time and ask yourself why this order is profitable, and why is this order a loss? Remember, a young person or an emotional person cannot do well in trading.

The seventh piece of advice

Others will not tell you easily about making money. If someone tells you how much you can earn by investing this coin, then you have to be careful. Maybe they just want to make a fortune out of you.

The eighth piece of advice

Don't put too much faith in those who post position profits. It's possible that they only get profits from a certain position. In fact, many of them have negative returns. There is a high probability that they will let you recognize them and achieve your idea of ​​harvesting them.

The ninth piece of advice

People who play contracts will eventually return to zero. This accuracy rate is as high as 99%. Don’t believe it, because people’s desires are unlimited, and few people can really quit gambling and do every transaction rationally.
If you trade a hundred times and lose control once, all your previous profits + principal will be wiped out.

The tenth piece of advice

If you want to do a good job in trading, you should have your own opinions instead of following other people's opinions. Just like a blogger sharing his profit-making experience, he can profit from this set of theories, and When you suffer losses by holding this set of theories, it is mostly due to your own factors, just like when we read "Wang Yangming's Theory of Mind". If you have read "The Theory of Mind", can you achieve the same "unity of knowledge and action" as Mr. Wang Yangming? ?

Therefore, figuring out your own money-making theory is the golden key to your own stable income. The experience of others can be used as fertilizer and a reference standard for whether it is feasible or not when building your own theory.

The eleventh piece of advice

Pay more attention to some old people in the currency circle, even if he is a person who has been trading for many years and still loses money. Because you get along with him more, you can find out the reasons for your own losses, and you can avoid some of the reasons for his losses in time, and do the opposite with him. Come to trade, and found out, hey~ it turns out that making money is that simple.

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