I am Jin Zhu, today I will explain clearly to friends who have just entered the cryptocurrency world — afraid of losses but wanting to earn, what should you choose? The market is currently very volatile, newcomers must clear their minds before taking action, don’t rush to become a victim!
First, let's talk about spot trading, which is a safe starting point for newcomers. Don’t listen to those flashy indicators, just buy low and sell high — buy when BTC drops to a certain level, sell when it rises by 5%-10%, and earn steady money. My friend Xiao Zhang just entered the market, and he tried spot trading with 200U; now he has figured out the rhythm and hasn't lost money at least. But remember, absolutely do not touch futures contracts! Some people opened a 10x leverage with 500U and blew their account in half a day, not even understanding where they lost. Newcomers should at least play with spot trading for 3 months, learn to set stop losses before thinking about anything else, otherwise, it's just looking for losses!
Now let’s talk about the primary market, which is a high-risk zone. The primary market is where tokens are bought at a low price before they are listed on exchanges; if the project is hot, it can multiply tenfold when listed. But there are countless traps here, last year some newcomers invested in the "metaverse project," and the money went in but the project directly ran away, leaving them with nothing. Unless you can distinguish the authenticity of the project yourself — look at whether the team is reliable, if the code has been updated, and what the progress is — otherwise, don’t touch it; if you do, you’ll just be a fool!
NFTs now need to be pursued cautiously in hot trends. In the past bull market, NFTs could multiply by dozens, but now the market is as cold as an ice cellar, and many NFTs cannot be sold at all. Last month, a newcomer followed the trend to buy a “celebrity NFT,” which directly dropped by 80%, and it was hard to cut losses. Unless you truly understand artistic value or the project background, don’t touch it; if you do, you’ll just be a bag holder!
Newcomers should first protect their principal! Start with low-risk options like spot trading and airdrops, gradually learn to observe the market and manage risks, then find a path that suits you. Don’t listen to those “guaranteed profits” nonsense; there's no easy money in the cryptocurrency world, staying clear-headed is the key to longevity!
I am Jin Zhu, tech enthusiasts can follow me, and I will help you avoid pitfalls and earn more money!