Six tips for newcomers in the cryptocurrency circle! Follow BOME

First tip

The cryptocurrency market has gone through the period of wild explosion. The next stage is the stage of formal financialization and the stage of capital institutions competing against each other.

Don't dream of making a profit of dozens or hundreds of times by pinching a coin. According to the current market sentiment, coins that can increase tenfold are rare.

Even if the bull market really comes, there will not be many coins that can increase more than tenfold.

Second tip

The primary market is indeed a small investment with a big return, but those who recommend you to play the primary market will not tell you that 99% of the projects will return to zero.

Even if you go to some small exchanges, some KOLs will probably ask you to hold on when they throw chips, and they will go one step ahead.

Third tip

Although you can make a lot of money by playing the contract full warehouse + full multiple, you can also lose a lot of money.

I don't think anyone will tell you that the essence of currency speculation lies in rolling positions, not how much profit you make from a single order.

Fourth tip

Generally speaking, when someone is crazy about CX a certain coin, it is basically coming to an end.

At this time, if you have held this coin before, you can consider getting off the train.

If you do not hold this coin, it is best not to enter the market at this time, because there is a 90% probability that you will take over.

The fifth piece of advice

If you are a college student, please focus on your studies and trade in coins.

If you are a young person under 25 years old, please focus on improving yourself and trade in coins.

If you are a young person under 30 years old, please focus on choosing a stable income and trade in coins.

Trading is a hard battle, not a one-day battle.

At the same time, trading is also a time-consuming journey.

Even a talented trader needs to continue to do it for five years to achieve financial freedom.

Having an excellent off-site money-making ability and a platform that can provide its own sustainable capital supply will play a multiplier role in our success.

The sixth piece of advice

Good fortune does not enter a home without virtue, and wealth does not enter a hasty door.

Under what circumstances is water suitable for all things to be nurtured? Is it suitable for all things to be nurtured when water is still?

So, when you make a profit from trading, please don't be too arrogant, and when you make a loss from trading, don't blame yourself too much.

It is important to understand the principle that “profit and loss come from the same source”.