The crypto space has just begun, trading for 10 years, with a cost of 52,000, now over 40 million, only doing spot trading, not playing contracts. Although it's not like some people who turn 10,000 into two small goals, I am already very content, stable and secure, dreaming that my account can exceed 52 million by the end of this year, and next year there will be more capital to earn more money.
According to current statistics, there are 20 million users in the crypto space nationwide. Don't put in blind efforts; being blindly diligent isn't better just because you gather more information. Making money is simple:
I am very familiar with the trend of altcoins; although through research I believe it will follow the trend of 2017, going through a main upward wave before the end of the year, the current fear-inducing decline in altcoins reminds me clearly of January 2021 and 2017 when the entire network was in fear. In January 2017, XRP was 6 cents, and by December it reached 24 yuan. In 2021, Dogecoin was 2 cents, and it crazily reached five to six yuan.
In the crypto space, which retail investor isn't aiming for wealth? If you ask whether one can get rich in the crypto space, the answer is definitely yes. Want to make money? Good, then I'll give you some volatility; not buying? Then I'll pump the price, still not buying? Then I'll continue to pump, and finally, the retail investors can no longer resist and buy, then the big players start to sell, leaving the retail investors shivering in the cold wind.
There is a pattern, every four years is a cycle. But only dollar-cost averaging can yield profits; others who want to make quick money cannot.
Pitfall Guide 1. Don't touch contracts!! 2. Don't touch small cryptocurrencies!! 3. Don't touch small exchanges!! 4. Don't expect too much!! 5. Don't put money in unknown wallets, remember to set up your wallet with multi-signature first, because no wallet is trustworthy, including exchanges!! 6. Don't engage in ultra-short trading!! 7. Don't invest all your funds into crypto!! The risks in the crypto world are too great, both in and out of funds come with risks, it's advisable to use your spare money to practice first.
Today, the digital economy has developed to an extremely virtual stage, keeping up with the times and staying away from the real economy is essential. Entering the crypto space, choosing the right trading platform is crucial, otherwise you will inevitably fall into scams or rogue platforms, leading to total loss. Currently, the largest cryptocurrency exchanges in the world are OKEx and Binance, where you can occasionally grab free airdropped coins. Other platforms should be avoided entirely, even a glance is unnecessary.
