If you are a novice in the cryptocurrency circle, you must read it carefully! ! ! Chongge saw a very good idea today and shared it with everyone!
If you are currently at the starting point of the cryptocurrency circle, this is a good opportunity for you to make a lot of money. Your advantage is that you can take high-risk investments, because even if you lose this money, it will not affect your life much. Here is an example of 5000U!
Your portfolio is small, so it is impossible to get rich overnight through Bitcoin. Before reaching the next investment level, you don’t have to pay too much attention to the top 100 currencies. Your only purpose here is:
Asymmetric investment
Whatever you buy, you need to have a potential return of at least 2x to 10x. This usually means that you want to invest in those currencies with a smaller market value but potential, including some hype currencies, such as meme coins.
Your strategy is not to hold for a long time, but to sell for profit when the price rises. Your main goal is to find high returns and sell in time when the market is rising. Get in and out quickly, and don’t get emotional about any altcoins. Their only purpose is to bring you profits and increase your investment amount.
Since time is limited, don't hold on to a certain coin for a long time and hope for its rise. Chase market trends, hot spots and hype. Abandon the old investment logic in time and quickly turn to new market hot spots, even if you need to sell at a loss sometimes. Don't hold on to losing coins for a long time, stop losses in time and move on.
If you are new to cryptocurrency, the altcoin market may be the most difficult to navigate. Most altcoins are scams, and many people will promote these coins and use you as their exit liquidity. Don't be fooled by these games, exit decisively when you make a profit, and never look back.
You need to take the time to understand Tokenomics, market dynamics, and pull-up cycles. If you are lucky enough to get a 10x or higher return, it is recommended to transfer the proceeds to Bitcoin, ETH, BNB. Ideally, don't bet all your funds on a single altcoin, but spread the risk among 3-4 different investments. If one of them fails, you can still continue to invest.
There is a high probability that you will lose these 5000U.#BTC #ETH