Don't buy any currency! Learn how to choose the smart currency and read the market as an informed beginner.
Many beginners ask:
Should I buy any currency? Bitcoin? Or look for cheap currencies?
The answer: Not one before you understand how to think like a smart investor.
1. How to choose the right currency?
Start with major currencies: BTC - ETH - BNB - SOL - ADA
These are relatively strong and stable currencies, suitable for beginners.
Look for the currency project:
Visit the official currency website.
Read: What is its benefit? Is it actually used? Who is the developer team?
(Don't invest in a currency whose project you don't understand!)
Check the market cap:
A currency with a large market cap = higher security.
A currency with a small market cap = higher risk and possibly higher profits.
2. Don't be tempted by low prices!
Many believe that a currency priced at 0.0005 represents a golden opportunity.
The truth? The price doesn't matter; what matters is the number of currencies and the potential for growth.
A currency priced at 1 cent may never reach a dollar because it has 100 billion pieces!
3. Tools that help you as a beginner:
CoinMarketCap and CoinGecko: Easily search for any currency.
Binance Academy: It has Arabic explanations about currencies and analysis.
Reliable learning groups: Participate and learn from others' experiences.
4. When to buy?
Don't buy at the peaks (when everyone is talking about it).
Watch the chart: If the price drops and then starts to rise quietly, this is often a suitable time.
Use a dollar-cost averaging (DCA) strategy: Don't invest all your capital at once.
In summary: Don't buy just because the currency is cheap or because someone mentioned it.
Understand, ask, and decide based on knowledge, not emotion.
In the next post
How to use simple analysis tools like RSI and MACD to know when to enter and when to exit?
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