《Cryptocurrency Trading Survival: Rules You Must Read》:
1. The cryptocurrency space is the place with the most rumors. If you buy and sell every time you hear a rumor, then no matter how much money you have, it will never be enough to cover your losses.
2. You must closely monitor the changes in the economy and cryptocurrency market every day, and put in your own effort to research, while letting AI help you overcome human nature in your operations.
3. The mindset for investing in cryptocurrency must involve careful observation and cautious trading.
4. Do not be overly optimistic; do not think that BTC will keep rising indefinitely, and you should operate with your own funds.
5. Do not try to make every single penny; when eating, only fill your stomach to 80%.
6. Cryptocurrency trading is not about buying low and selling high; in reality, it is about buying high and selling even higher. In the cryptocurrency space, the strong get stronger, and the weak get weaker.
7. Before I entered the cryptocurrency space, I already knew when to exit.
8. Choose potential coins that have a bright future but have not yet been recognized by the world, and hold them for the long term.
9. Do not dive in just because you see news reports about some favorable topics; do not follow the crowd blindly.
10. Unforeseen events can occur at any time, so always remember that investing (in cryptocurrency) carries risks.
11. Everyone will encounter a few great opportunities in their lifetime; be prepared regularly, and when the opportunity arises, be brave enough to take the plunge.
12. The most important point is to follow in the footsteps of successful people, collaborate with them, and let them guide you to make money; this is the simplest way to succeed.
Using AI programs for cryptocurrency trading can bring many advantages, especially in eliminating the drawbacks of human trading. Human trading is often affected by emotions, biases, and other psychological factors, which can lead to decision-making errors and losses. The advantages of using AI programs for cryptocurrency trading include:
1. Emotion neutrality Humans are inevitably influenced by emotions during the trading process, whether it is overconfidence or panic, which can lead to irrational decisions. For example, during sharp market price fluctuations, investors may hastily sell out of fear or buy too early out of greed. AI programs completely eliminate emotional factors and can calmly make decisions based on facts and data, avoiding the impacts of emotional fluctuations.
"Don't Buy Altcoins" Even if it can double multiple times, there is an easter egg at the end of the article.
What is a “virtual currency scam?” Don’t buy altcoins
Virtual currency fraud is actually a scammer pretending to be a virtual currency trader and using various means to defraud you of your money. Blockchain and cryptocurrency technologies are relatively new, and many people don’t know much about them yet, which gives scammers an opportunity to take advantage of them.
Here are a few common techniques for virtual currency scams:
Expert disguise: Some will set up professional-looking virtual currency trading websites to lure you into investing, but you will eventually find that your money is missing.
Counterfeit currency promotion: It will claim that there is a new and promising virtual currency and encourage you to invest. But the truth is that money does not exist.
Guaranteed returns: Some will entice you to invest with the promise of high returns. But when you give them money, they disappear.
Impersonating an official: Claiming to be an official representative or customer service representative of a large virtual currency platform, trying to obtain your account information.
We must understand that investing in virtual currencies inherently carries risks, not to mention that the market is rife with scams.
So when you want to invest, be sure to do enough homework and don't be easily attracted by overly attractive promises. As the old saying goes, "There is no easy way to make a lot of money."
"Must read~Advice":
1. Choose a large platform for trading, such as Binance.
2. "Binance Follow-up", let performance speak for itself, don't believe any teacher who leads orders, the numbers can speak for itself, don't believe the teacher's bluffing.
3. When "Copying on Binance", (do not follow) teachers who trade small currencies. Only follow teachers who trade BTC and ETH mainstream currencies.