I hope to help you pay less tuition and earn more income!
1. Investment is always your own business. Don’t blindly believe in “experts”.
There are many “great gods” in the cryptocurrency circle, but “if you make money, he brags about it, and if you lose money, you bury it.”
For any investment decision, do your homework and don't let others make the decision for you.
2. Only invest your spare money, don’t go all in
Investing in digital currencies is extremely risky and may plummet at any time.
Use your spare money for fun, don’t touch the money you need for life, and don’t take out a loan to speculate in cryptocurrencies!
3. Learn to distinguish between mainstream coins and altcoins
Mainstream currencies: such as BTC and ETH, have smaller fluctuations and relatively stable long-term value.
Altcoins: They fluctuate dramatically, and may double in value or return to zero overnight.
It is recommended that beginners start with mainstream currencies and proceed step by step.
4. Don’t take advantage of “pie in the sky” projects
Projects that promise "high returns with guaranteed capital" and "guaranteed profits" are basically scams!
There is no such thing as a free lunch. What does fall are traps.
5. Learn to read candlestick charts, but don’t get obsessed with short-term operations
Learn some basic technical analysis, but frequent operations are not recommended.
Fees and mistakes can make you lose money faster.
The key is to hold high-quality assets for a long time.
6. Protect your wallet private key
The wallet's private key or mnemonic phrase is the "lifeline" of your assets.
Be sure to save it offline, and don’t take screenshots or send them to anyone!
7. Don’t let FOMO get the better of you
Seeing others making a fortune and feeling itchy? Calm down!
Many times, the result of chasing high prices is to be left standing.
There is a popular saying in the cryptocurrency circle: Buy in desperation, sell in carnival.
8. Ask questions when you don’t understand, but also filter the information
There are many things that newbies don’t understand.
You can join more cryptocurrency exchange groups, but you must learn to judge true and false information.
Be wary of scams, especially when strangers contact you.
9. Keep learning and stay rational
The cryptocurrency world is changing rapidly, with new concepts emerging one after another. Spend time learning about blockchain,
Only by learning about Web3, DeFi, and industry trends can you go further.
10. Control your expectations and don’t dream of getting rich overnight
Some people have become rich in the cryptocurrency world, but many more have lost money and left.
It is more important to wait patiently for opportunities than to chase short-term profits.
The cryptocurrency world is a place full of opportunities and challenges.
Taking the first step cautiously and rationally is the right way to start financial freedom!
If you have any other questions, please leave a message in the comment area and I will answer them one by one.
I wish every new friend can go further in the cryptocurrency circle!
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