What should newcomers to the cryptocurrency world pay attention to?
Low entry barriers
Some cryptocurrencies have high prices, but the minimum units for purchase are very low, allowing you to start investing with just a few pounds.
High potential returns
Compared to stocks, gold, and other markets, cryptocurrencies are relatively new, and emerging markets have better expected returns and more potential investment opportunities.
Cross-border & no time limits
Cryptocurrencies have no borders or time constraints, allowing you to buy coins from around the world, with the market operating 24/7 all year round.
Rich operational tools
From basic savings accounts to advanced structured products, spot trading, contracts, copy trading, stop-loss, and take-profit, there are various automated trading robots and portfolio management tools available, with no qualification restrictions; anyone can use them.
Advantages of cryptocurrencies: low barriers, high returns, no restrictions, and many tools
However, advantages inevitably come with risks. For newcomers, the focus should be on understanding the differences: how are cryptocurrencies different from stocks? How are they different from foreign exchange? After all, they are different things. If you enter the cryptocurrency space with old habits and perceptions, you may encounter unexpected losses, often humorously referred to as "paying tuition." You learn from such losses, but if you can do your homework first, some losses can be avoided.
If you still don’t know what to do, leave a 666 in the comments, and the universe will guide you.
