Friend was already giving up after 4+ years here until reading your post. The friend thinks that with discipline and focus, he can recover 1200 dollars with 500 dollars, as you rightly said
Post
Master Bonjour
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Hi everyone.
For those just starting out with cryptocurrencies, I have 5 tips:
1. Only invest money that you have leftover; never invest money meant for your monthly bills;
2. Don't believe posts about coins that will go up or down; always do your own research before buying a recommended coin.
3. Don't jump into the Binance app and buy without researching entry and exit points. First, check if your target is in a downtrend, because buying at the top won't even help you make a profit, not even Bitcoin. Define how much you're willing to lose or how much profit is possible.
4. Be cautious with Alpha coins, as they constantly rise and fall. They offer higher profits, but if you enter at the peak, they can also cause you the biggest losses—even coins worth just a few cents.
5. Finally, avoid greed. Create a daily profit plan and sell once you reach your target.
Note: If you're considering a long-term investment, always start during a downturn—when everything is red—and choose a coin with a clear purpose and at least consistent trading volume.
I lost some dollars learning these 5 simple lessons, but I truly believe in cryptocurrencies, and I'd rather earn a little than nothing at all. I'm always grateful when I finish the day with a positive PNL, regardless of the amount. Thank you always!!!
Reflect on the example below:
In a CDB, 300,00 would yield 0,25 in one day, after IOF deduction. On Binance, investing in a coin during a downtrend—for example, Solana—those same 300,00 could yield at least 3,00 in one day, equivalent to 1% or more.
You might think 0,25 or 3,00 aren't worth much, but if you earned 3,00 per day for 30 days, at the end of the month you'd have a portfolio worth 90,00. In the case of 0,25, you'd only have 7,50.
Think carefully: would you rather have a portfolio worth 7,50 or 90,00?
Pessimists will say you can't make money every day [100%]. Yes, that's true, but even if I profit in just 10% of my trades, I can still earn more than in a CDB.
$SOL $ETH $SUI
For those just starting out with cryptocurrencies, I have 5 tips:
1. Only invest money that you have leftover; never invest money meant for your monthly bills;
2. Don't believe posts about coins that will go up or down; always do your own research before buying a recommended coin.
3. Don't jump into the Binance app and buy without researching entry and exit points. First, check if your target is in a downtrend, because buying at the top won't even help you make a profit, not even Bitcoin. Define how much you're willing to lose or how much profit is possible.
4. Be cautious with Alpha coins, as they constantly rise and fall. They offer higher profits, but if you enter at the peak, they can also cause you the biggest losses—even coins worth just a few cents.
5. Finally, avoid greed. Create a daily profit plan and sell once you reach your target.
Note: If you're considering a long-term investment, always start during a downturn—when everything is red—and choose a coin with a clear purpose and at least consistent trading volume.
I lost some dollars learning these 5 simple lessons, but I truly believe in cryptocurrencies, and I'd rather earn a little than nothing at all. I'm always grateful when I finish the day with a positive PNL, regardless of the amount. Thank you always!!!
Reflect on the example below:
In a CDB, 300,00 would yield 0,25 in one day, after IOF deduction. On Binance, investing in a coin during a downtrend—for example, Solana—those same 300,00 could yield at least 3,00 in one day, equivalent to 1% or more.
You might think 0,25 or 3,00 aren't worth much, but if you earned 3,00 per day for 30 days, at the end of the month you'd have a portfolio worth 90,00. In the case of 0,25, you'd only have 7,50.
Think carefully: would you rather have a portfolio worth 7,50 or 90,00?
Pessimists will say you can't make money every day [100%]. Yes, that's true, but even if I profit in just 10% of my trades, I can still earn more than in a CDB.
$SOL $ETH $SUI
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.