1. When you first enter the cryptocurrency world, learning comes first

The first step into the cryptocurrency world is not to rush to find the so-called secrets to get rich quickly, but to calm down and study systematically.

Master the basic concepts of digital currency, trading methods, risk management, market analysis, information acquisition and other skills.

Every step counts.

Remember, the accumulation of knowledge is the cornerstone of wealth. Without a solid foundation, any speculative behavior is like a castle in the air.

2. Stay away from contracts

In the cryptocurrency world, many experienced veterans and skilled experts have suffered setbacks in contracts.

Newbies must trade steadily and hold on to it firmly.

3. Do not touch small currencies

Most of the small currencies in the cryptocurrency circle have hidden secrets and are a powerful tool for cutting leeks.

Once it falls, it is very likely to go straight to zero, and it is not uncommon for the price to fall by more than 99%.

Don't try those currencies with small market capitalization and little fame, and choose mainstream currencies decisively.

4. Stay away from small exchanges

Small exchanges are always at risk of running away or having their network cables disconnected, at which point the money in the exchanges cannot be withdrawn.

It is recommended to choose a mainstream exchange, or you can spread your funds across different mainstream exchanges to reduce risks.

5. The myth of 100-fold coin, look at it rationally

Stories about coins that increase 100x or 1,000x+ are always exciting, but please remember that such opportunities are rare and often come with huge risks.

Today, the era of tenfold or even a hundredfold returns in the cryptocurrency world is long gone. Major institutions and elites have entered the market one after another, and big dividends are no longer available.

Don't blindly pursue high returns and ignore potential risks.

In the circle, stability is more important than radicalism.

Being able to double the funds is already quite good. If a novice can do so without losing money, he has already surpassed more than 90% of people.

6. Don’t put money in unknown wallets

If the amount of funds is large, you can consider putting it in a wallet, but small wallets also have the risk of running away.

If you choose to put your wallet in it, be sure to carefully choose a reliable one.

7. Choose an investment method that suits you, and don’t play ultra-short-term

Contracts, short-term trading, hoarding coins, making money, NFT... There are many ways to invest in the cryptocurrency world, but not every one of them is suitable for you.

The cryptocurrency market experiences huge fluctuations, and it is not uncommon for Bitcoin to drop by 20% in a single day. Altcoins may even be cut in half.

Choose the investment method that suits you best based on your actual situation.

For novices, ultra-short-term trading is difficult to control.

Hoarding coins may be a relatively safe choice because it focuses more on long-term holding and value growth.

8. Be sure to set stop loss and take profit

Set a goal for yourself, and when the price drops to a certain level, exit the market resolutely;

When the price reaches a certain level, sell it decisively and don’t worry about how much it rises afterwards.

Many people lose money in the bull market because they don’t know how to stop profits in time.

9. Don’t invest all your money in cryptocurrencies

The cryptocurrency world is extremely risky, and both depositing and withdrawing money involve risks.

It is recommended to use your own spare money to practice in the cryptocurrency circle first.

10. Find a reliable team and teacher

There are many traps in the cryptocurrency world, and more than 99% of people are losing money.

Find an experienced and reliable teacher, even if there is no guarantee of making money.

At least you can avoid a lot of pitfalls.

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