How can Xiaobai make money in the cryptocurrency world?
Everyone, listen to me share some practical advice on how a complete newbie can make money in the cryptocurrency world.
If you are a complete newbie, take your 3000 yuan and play with contracts, starting from 10x to 100x, but each time only allow a loss of 50 yuan (this requires some position management + basic knowledge).
Seeing the above statement, I am sure some people will criticize me.
The reason is very simple: understanding what contracts are with 3000 yuan is much better than taking 30,000 or 300,000 yuan to experience contracts. No one, not a single person in the cryptocurrency world, can avoid contracts. I mean, there is no way you can go through the whole process without touching them at all. So sooner or later, you will have to play with contracts, and only after playing can you understand why it’s not worth it. Otherwise, when someone tells you that playing with contracts is just gambling, you won't really believe it. One day, when someone you know tells you they made 200,000 yuan playing contracts (whether true or false), you will immediately dive in.
Moreover, the threshold for playing with contracts is very low; it can be said to be the lowest entry point into the cryptocurrency world. If you really want to enter the circle, contracts are the simplest path to help you step in.
Finally, and most importantly, you will lose money while playing contracts, even if you can make money during the newbie halo period. But how you make money is how you will lose it because you are a newbie; you don't understand anything, so why would you expect to make money? However, once you start losing money, you will begin to ponder how to make money. You will start learning trading, learning technical analysis, learning how to evaluate projects, and gradually join some quality circles, following some role models worth learning from. Eventually, you will slowly grow on your own.
Along this journey, you will ultimately find the way to turn things around in the cryptocurrency world that suits you. It could be becoming an alpha hunter, battling for hundredfold returns daily, or it could be becoming a scientist (the respectful term for programmers in the cryptocurrency world, haha) remaining in an invincible position. It’s also possible that you have a natural talent for trading and can really make money with contracts; it’s all uncertain.