Twelve tips for cryptocurrency newcomers!
The last tip may change your life!
First tip
The cryptocurrency market is no longer an era of rising and exploding. It is now entering a formal financialization stage, and capital institutions are beginning to enter and participate in the competition.
Don't fantasize about picking up leaks and getting dozens or even hundreds of times the profit. Under the current market sentiment, it is rare to see coins that can achieve several times the growth.
Second tip
Investing in new projects in the primary market can indeed bring small investments and big returns, but you must know that 99% of the projects will eventually return to zero.
Even if some projects are listed on small exchanges, you should also pay attention to the fact that some opinion leaders may remind you in advance when selling.
Third tip
Although full-position trading contracts and full leverage may bring huge returns, they also bring huge risks.
Remember that the essence of trading is not equal to how much profit a transaction makes, but the long-term stability of the trading strategy.
Fourth tip
When a certain currency shows a crazy rise, it often means that it is nearing the end.
At this time, if you already hold the currency, you can consider exiting.
If you don't hold the currency yet, it's best not to enter the market at this time, because it is likely that you are taking over.
Fifth advice
If you are still in college, please focus on your studies and use cryptocurrency trading as a side job.
If you are under 25 years old, please focus on improving your abilities and use cryptocurrency trading as a supplement.
If you are under 30 years old, please give priority to a stable source of income and use cryptocurrency trading as an additional part of your income.
Trading is a long-term and patient job, not a temporary stimulant.
In addition, trading requires a lot of time and energy.
Even talented traders need at least five years to achieve financial freedom.
Having a good off-site income source and sufficient funds can maximize the success rate of transactions.
Sixth advice
Don't be overly emotional whether the transaction is profitable or loss-making.
Understand the principle of "profit and loss come from the same source".
Whether the transaction is profitable or not, you should regularly summarize your trading experience and think about the reasons behind each transaction.
Remember that it is difficult to successfully resolve the emotions of traders.
The seventh piece of advice
People who make money rarely share their experiences easily. If someone tells you that a certain currency can bring great benefits, you should be careful, it is likely that he wants to get these benefits from you.
The eighth piece of advice
Don't easily believe those who announce their profits. It is likely that they just selectively announce their profits and ignore their losses, or just to establish their own image.
The ninth piece of advice
Most people who play contract trading will eventually lose money, which is almost 99% certain.
Remember that people's real desires are endless, and it is difficult to quit gambling and make every transaction rationally.
The tenth piece of advice
You should pay attention to some bloggers who share their experiences, rather than those who only brainwash, promote or announce their profits.
Think about what you can learn from them.
The eleventh piece of advice
Exercise your own ability to express your opinions, rather than blindly follow the opinions of others.
Everyone should find a way to make money that suits them, rather than blindly follow others.
The twelfth piece of advice
If you don't understand the currency yourself, then I suggest you pay attention to me. Whether it is Xianhuo or Heyue, a little effort may be your limit. The opportunity is short, so you must seize it! Success does not only depend on luck, choice may be greater than hard work. High-quality circles change your destiny. Follow T God and you will be halfway to success in the currency circle! $BTC $ETH $SAGA
