tufail55

How to Avoid Pitfalls for Newcomers in the Crypto World?

1. Do not touch contracts!!!
In the crypto world, there are not only newcomers but also many veterans! Experts! Many have lost everything in contracts. Newcomers should focus on spot trading and hold onto their assets.

2. Do not play with small cryptocurrencies.
Most small cryptocurrencies in the crypto world are designed to take advantage of investors, dropping directly to zero, falling by more than 99%. If they have a small market cap and you haven't heard of them, do not invest. Choose mainstream cryptocurrencies.

3. Do not use small exchanges.
Small exchanges always carry the risk of running away or going offline. All your funds may become inaccessible. It is advisable to use mainstream exchanges, and you can also diversify your funds across major exchanges.

4. Do not have overly high expectations.
The era of tenfold or hundredfold returns in the crypto world has passed. Now, major institutions and elites have entered the market, and big dividends are no longer available. Achieving a double return is already quite good; if newcomers can avoid losses, they are ahead of over 90% of people.

5. Do not keep money in unknown wallets.
If you have a large amount of capital, it's advisable to use a wallet, as exchanges carry risks too. For small wallets, there is also a risk of running away.

6. Do not engage in ultra-short trading.
The crypto market is highly volatile; it is common for Bitcoin to drop 20% in a day, and altcoins can be halved in value. Short-term trading is hard to control; hold onto your assets.

7. Set stop-loss and take-profit levels.
Set goals for yourself. If it drops to a certain level, execute your exit strategy decisively. If it rises to a certain level, sell resolutely, regardless of how much it continues to rise afterward. Many people lose in bull markets simply because they fail to take profits in time.

8. Do not invest all your funds in the crypto world.
The risks in crypto are too high, and both entry and exit carry risks. It is advisable to use only your spare cash for small investments in the crypto world to practice first.

9. Continuously learn and acquire knowledge.
One cannot make money beyond their understanding. Even if you earn a lot at first, if your understanding doesn't keep up, you will quickly lose it back, and you may end up with significant losses. Constantly learn to improve your understanding.

#BTC☀️ #币圈投资策略

Trump just sent 4000 oil
Thank you (*^_^*)🎁
Follow the Guigu Research Institute

The trade war between the two largest economies in the world has escalated, with China imposing a series of new tariffs on certain U.S. imports and adding several American companies to its export control list.

China has responded to the previous tariff increases by the U.S. by implementing export controls on key minerals and launching an anti-monopoly investigation into Google.

U.S. President Trump’s measure to impose a 25% tariff on goods from Canada and Mexico took effect on Tuesday. The new 25% tariff applies to all imported goods from Mexico and Canada, excluding energy products such as crude oil and natural gas, which will be subject to a 10% tariff.

China announced it will impose a 15% tariff on U.S. chicken, wheat, corn, and cotton products, and a 10% tariff on sorghum, soybeans, pork, beef, seafood, fruits, vegetables, and dairy products. The new tariffs on U.S. goods from China will take effect on March 10.

U.S. stock markets continued to decline on Tuesday following President Trump's imposition of tariffs on imports from Mexico and Canada. The Dow Jones Industrial Average fell by about 670 points, a drop of 1.6%, and has cumulatively declined by 23 points this year. The S&P 500 index dropped by 1.2%, while the tech-heavy Nasdaq Composite index fell by 0.4%.

The tariff war and trade war should be just the beginning. Currently, there seems to be no opportunity for easing. U.S. tariffs are primarily aimed at curbing the counteraction from Country C. They are also intended to contain the significant trade deficit that leads to capital outflows. Most importantly, the goal is to attract more businesses to invest and produce in the United States, restarting and enhancing the level of U.S. manufacturing. Previously, the focus was on U.S. interests, and this round of calculations has been quite good.
From the current stock market trends, the tariff war is still causing Wall Street to worry about economic recession and continued inflation rebound. Funds from Wall Street are temporarily flowing out of the stock market, and the cryptocurrency market has seen no new funds entering.
Trump's national strategic reserve plan currently appears to be just a verbal promise. However, the cryptocurrency market has indeed become a cash machine for the Trump family and others.
From the perspective of BTC, it is still in a downtrend, with a downward trend. It is recommended to hold specific coins, reduce positions on rebounds, and temporarily avoid large-scale investments.
The current positive factors are only temporary; personally, I believe BTC will continue to move downward. Everyone should continue to hold. $BTC #特朗普国会演讲

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Some of Trump's latest news:

- Tariff-related: According to a report from Caixin on March 5, U.S. President Trump stated on social media that Canada’s imposition of retaliatory tariffs on the U.S. would immediately trigger the U.S. to "increase equivalent retaliatory tariffs."

- Congressional speech: According to China News Service, Trump is set to give his first speech of his second term to a joint session of Congress on the morning of March 5, Beijing time, with the theme "Reviving the American Dream." Trump is expected to outline his achievements since returning to the White House on January 20, focusing on four main themes: his administration's policy achievements, economic policy, pushing Congress to pass additional border security funding, and a global peace plan.

- Economic and trade related: On March 4 local time, the U.S. Treasury Department released the latest general license information, requiring the gradual termination of transactions related to the joint venture between Venezuela and Chevron, with a deadline of April 3, 2025, at 00:01 local time. On February 26, Trump announced the revocation of the concessions previously granted to Venezuela in oil trading agreements by the former government, terminating oil transactions with Venezuela.

- Political related: According to CNN, on March 3 local time, Trump stated that over the past weekend, he had spoken with four European Prime Ministers and five Presidents to discuss ending the Russia-Ukraine conflict.