I entered the crypto world with 8000, and now trading cryptocurrencies supports my family! Summarizing trading experiences, these points will help you grow quickly and gain insight. The content may be short, but every word is valuable; those who understand can avoid years of detours!
1. First encountering the crypto world, learning comes first
The first step into the crypto world is not to rush to find quick wealth schemes, but to calm down and learn systematically. From the basic principles of blockchain to the operation mechanisms of exchanges, from the issuance logic of digital currencies to market trend analysis methods, every step is crucial. Remember, the accumulation of knowledge is the foundation of wealth; without a solid foundation, any speculative behavior is like a castle in the air.
2. Practice reveals true knowledge, independent judgment
In the information-explosive crypto world, everyone is expressing their opinions, but the truth is often hidden among the complex information. Participate more in practice, accumulate experience through small investments, learn to think independently, and do not blindly follow trends. Remember, there is no absolute authority in the crypto world, only you who continuously experiment and summarize.
3. Choose your circle carefully, stay away from noise
Choosing a high-quality community is crucial for a newcomer’s growth in the crypto world. A quality circle can not only provide valuable information but also help you establish the right investment concepts. Avoid those communities that only engage in idle chatter or boast about profits; they will only waste your time and energy.
4. Invest independently, build a framework
Investment is a personal matter; others' opinions can only serve as references. Establish your own investment framework, including risk tolerance, investment strategy, market analysis methods, etc., which will be your compass in navigating the crypto world. Do not easily trust others' 'insider information' or 'guaranteed profits'; only your own judgment is the most reliable.
5. Choose an investment method that suits you
Contracts, short-term trading, holding coins, yield farming, NFTs… The investment methods in the crypto world are diverse, but not every method suits you. Choose the investment method that is most suitable for your actual situation. For beginners, holding coins may be a relatively safe choice because it focuses more on long-term holding and value growth.
6. The myth of hundredfold coins, view it rationally
The stories of hundredfold and thousandfold coins are always enticing, but remember, such opportunities are rare and often come with enormous risks. Do not blindly pursue high returns while ignoring potential risks. In the crypto world, stability is more important than aggressiveness.
7. Patience is golden, persistently persevere
The volatility of the crypto world is the norm; patience is the foundation of making money. Do not become anxious because of temporary ups and downs, and do not easily give up. Learn to find opportunities amid fluctuations and remain calm in adversity. Remember, success often belongs to those who can persist until the end.
8. Abide by the rules, be brave to take responsibility
In the crypto world, losses and scams are inevitable. But what’s important is to learn to accept reality and bravely take responsibility. Do not complain about the market's unfairness or blame others for cutting losses; instead, learn from failures and continuously improve your investment skills.
9. Learn while doing, practice reveals true knowledge
Theoretical learning is certainly important, but practical experience is equally indispensable. Apply the knowledge you’ve learned to real operations, and test and improve your investment framework through practice. At the same time, you can also attract like-minded partners by sharing content (such as writing articles, sharing insights) for mutual exchange and learning.
10. Cultivate with heart, and you will eventually become a big player
Finally, I want to tell you: as long as you put your heart into it, you will one day become a big player in the crypto world. Do not envy others' success, and do not be discouraged by your temporary failures. Remember, everyone's growth path is unique; as long as you persistently work hard, you will surely reap your own success.
On your journey in the crypto world, may these ten pieces of advice serve as your solid support, accompanying you through every stormy day. Keep it up, future crypto big shot!
The above are summaries of my more than ten years of practical experience and techniques in trading cryptocurrencies, which may not apply to everyone. Each person needs to combine their own practice with these summaries. As a trader, the most terrifying thing is not having technical issues, but lacking awareness and falling into trading traps without realizing it! There is no invincible trading system, only invincible users of trading systems! This is the truth; trading systems ultimately return to the individual!
Brothers who are confused about trading can communicate!
Focus for the day: OM SUI SOL FUN BTC
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