Moyzão
--
Do what I say, don't do what I did...
The mistakes made by a beginner (me) that YOU shouldn't make and some more tips:
1)Spreading your capital across more than 30 assets is a huge mistake. That way you don't know what's falling, what's rising, in short, it's hard to have assertive control of things with so many assets, stick to $BTC $ETH $SOL and two or three more assets
2) Don't be afraid of missing out on opportunities, the market will always offer them again. Near, Pendle, Render, and others are MUCH cheaper now than they were in all of 2024. In fact, those who didn't get a good average price last year are at a (huge) loss this year after that absurd 60% drop)
3) It's not a long-term market. It is not a market for years, but for weeks, at most months. Make small profits whenever you can. Take advantage of every 5%, 10% profit you can.
4) Do not, UNDER ANY CIRCUMSTANCES, take out a loan on Binance Loans. The market is like a bookmaker... the house always wins. Unlike the upward capacity, the downward capacity of this market is unlimited, no matter how low the market was, it will fall further to take your collateral.
5) Cryptocurrencies are an investment like any other. A tool to increase your capital. Period. They are not a religion, they will not make you a millionaire (that era is over, unfortunately). Don't be a lunatic, a lover and defender of fictitious cryptocurrency creators.
6) The market needs someone to pay a higher price than what you paid for there to be a profit. More and more people have to enter this scheme that is a pyramid for the market to function. This cycle ends every 4 years when the price stretches too much, the market semi-collapses to restart the pyramid again. Understand this, know when to get out and profit. Don't understand this and I wish you good luck.
The mistakes made by a beginner (me) that YOU shouldn't make and some more tips:
1)Spreading your capital across more than 30 assets is a huge mistake. That way you don't know what's falling, what's rising, in short, it's hard to have assertive control of things with so many assets, stick to $BTC $ETH $SOL and two or three more assets
2) Don't be afraid of missing out on opportunities, the market will always offer them again. Near, Pendle, Render, and others are MUCH cheaper now than they were in all of 2024. In fact, those who didn't get a good average price last year are at a (huge) loss this year after that absurd 60% drop)
3) It's not a long-term market. It is not a market for years, but for weeks, at most months. Make small profits whenever you can. Take advantage of every 5%, 10% profit you can.
4) Do not, UNDER ANY CIRCUMSTANCES, take out a loan on Binance Loans. The market is like a bookmaker... the house always wins. Unlike the upward capacity, the downward capacity of this market is unlimited, no matter how low the market was, it will fall further to take your collateral.
5) Cryptocurrencies are an investment like any other. A tool to increase your capital. Period. They are not a religion, they will not make you a millionaire (that era is over, unfortunately). Don't be a lunatic, a lover and defender of fictitious cryptocurrency creators.
6) The market needs someone to pay a higher price than what you paid for there to be a profit. More and more people have to enter this scheme that is a pyramid for the market to function. This cycle ends every 4 years when the price stretches too much, the market semi-collapses to restart the pyramid again. Understand this, know when to get out and profit. Don't understand this and I wish you good luck.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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