Xiao Bai has some amethyst and wants to enter the cryptocurrency world? Should he choose contracts or spot trading?
Seeing all the newcomers in the circle giving their valuable opinions and recommending various worthless coins, I feel relieved.
Why? Without them acting as accomplices for the project parties, cryptocurrency scammers wouldn't be able to succeed so easily, and we wouldn't be able to easily accumulate coins and get rich.
To be honest, giving you advice without understanding your mentality, knowledge, awareness, and financial attributes is a very irresponsible act.
But what can be confirmed is, never touch contracts, this thing is a scam, exchanges can control the market at any time, you might make profits during the process, but in the end, you will definitely lose everything.
Now let's talk about spot trading, which can generally be divided into: short-term and long-term.
For short-term trading, I personally do not recommend it. Why? Because the project parties and exchanges completely control the market. For a newcomer with no trading experience, dabbling in short-term trading is like looking for death.
Some might say, can I follow a trading teacher? ... Asking this question has already exposed your intelligence; if the teacher is really that amazing, why would they need to come out and guide trades?
So for retail investors, there is only one path left—long-term.
How to do long-term? It's simple: accumulate coins. Buy during a bear market and sell during a bull market.
Some may doubt now, how much money can I make by accumulating coins?
Below is the historical price trend of Bitcoin.
Isn't long-term trading less profitable than contracts?
