Advice for newcomers to the cryptocurrency world

1. Don’t touch the contract!!!

There are not only novices in the cryptocurrency circle, but also many veterans! Experts! All of them died in the contract. Newbies should do spot trading steadily and hold on to it.

2. Don’t play with small currencies

Most of the small currencies in the cryptocurrency circle are used to cut leeks. Once the price drops, it will directly return to zero. If it drops by more than 99%, don’t play with those with small market value or those you have never heard of. You should choose mainstream currencies.

3. Don’t play with small exchanges

Small exchanges are always at risk of running away, or

If you unplug the network cable, all the money in it will not be withdrawn. It is recommended to use mainstream exchanges. You can also open mainstream exchanges with funds separately.

4. Don’t set your expectations too high

The era of 10-100 times increase in the cryptocurrency market has passed. Now that major institutions and elites have entered the market, there are no big bonuses. It is already very good to double the amount. If a novice can break even, he has already beaten more than 90% of the people.

5. Don’t keep money in unknown wallets

If you have a large amount of money, it is recommended to put it in a wallet, because the exchange also has risks. If it is a small wallet, there is also the risk of running away.

6. Don’t play ultra-short-term

The currency market fluctuates greatly. It is common for Bitcoin to drop by 20% in a day. The value of altcoins is cut in half. It is difficult to control the short-term. Hold on to the coins in your hands.

7. Set stop loss and take profit

Set a goal for yourself. If the price falls to a certain level, resolutely execute it and exit the market. If the price rises to a certain level, resolutely sell it, no matter how much it rises later. Many people lose money in the bull market because they don't stop profit in time.

8. Don’t bring all your money to the cryptocurrency world

The cryptocurrency world is too risky, and both depositing and withdrawing money involve risks. It is recommended that you use your own spare money and a small amount of capital to practice in the cryptocurrency world first.

9. Keep learning

People cannot earn money beyond their own cognition. Even if they make a lot of money at the beginning, if their cognition does not reach their limit, they will lose it all quickly. They may also suffer heavy losses. They need to keep learning and improve their cognition.

The way to quickly accumulate funds is to choose a coin with excellent narrative, strong IP concept, and high community consensus. If meme coins have no culture and no community building, 90% of them will return to zero. But if meme coins can also create wealth, dogecoin, shitcoin, turbo, pepe, etc. will all increase by hundreds or thousands of times.

You can earn 1 million yuan from 10,000 yuan, or you can earn 1 million yuan or 10 million yuan.

Recently, Musk's dog Marvin (7055) has received attention in the primary market. If you want to make 100,000 yuan, invest 100 gasoline, and maybe you can realize your dream. November 1 is Musk's dog's birthday, and he used to celebrate on Twitter. Marvin is in the early stage of community construction, with a market value of about 4 million US dollars, and it is worth paying attention to. #火星狗马文 #Marvin迷因币 Tail number 7055 #马斯克