How can newcomers earn their first 1 million in the cryptocurrency world?
Choose the right track: Beginners should start with mainstream coins like Bitcoin (BTC) and Ethereum (ETH), avoiding small coins to accumulate experience.
Dollar-cost averaging strategy: Invest a fixed amount of 500-2000 yuan each month to buy BTC or ETH, averaging the cost and reducing volatility risk.
Diversified allocation: Hold 50% mainstream coins long-term, keep 30% in stablecoins as reserves, and invest 20% in potential small coins.
Seize the cycles: Buy in batches during bear markets and sell in batches during bull markets to avoid chasing prices.
Control risks: Stay away from high leverage, do not blindly follow trends, and protect your principal.
Increase returns: Stake or participate in DeFi lending to earn passive income with your held coins.
Continuous learning: Follow cryptocurrency news, community dynamics, and stay updated with industry changes.
Maintain patience: Investing is a long-term process; adhere to your strategy and do not be disturbed by short-term fluctuations.
