Whether you can really make a fortune by speculating in cryptocurrencies is uncertain and full of risks.
1. It should be made clear that in mainland China, virtual currency transactions are not protected by law and are not a formal international free trading market.
2. The so-called new capital market actually has great uncertainty and risks and is not a blue ocean in the true sense.
3. You should carefully consider whether you are suitable for participation (whether you dare to buy in the face of a decline, whether you dare to sell at the end of the market, and whether you can maintain stability and not change arbitrarily during the process).
4. If you want to participate, you should choose relatively formal platforms such as Binance and Ouyi, and avoid copycat exchanges, such as the previous problems with Huobi of Sun Ge.
5. Try to avoid touching contracts. Whether you are a novice or an old hand, it is very difficult to make stable profits in contracts unless you have a strong mentality and technology.
6. Although spot is important, whether you can hold it is a challenge for many people.
7. To borrow Li Xiaolai's words, you must learn to accompany time.
8. Although compound interest seems attractive, you must be aware of the risks involved. Prudence is the key. Don't blindly expect to make money easily in this so-called "bull market".
It should be emphasized that in China, virtual currency transactions have legal risks and the market is extremely volatile. It is not recommended to engage in related activities such as currency speculation.