The changes in trends must have signals....
Newcomers who want to enhance their knowledge related to the cryptocurrency world can follow the suggestions below:
1. Understand the basic knowledge of the cryptocurrency world:
The essence of the cryptocurrency world is a financial game, simply put, it is about buying low and selling high to make a profit.
The risks in the cryptocurrency world are greater than those in the stock market and mutual funds, so one must be psychologically prepared.
2. Choose the right exchanges and wallets:
Select large platforms, such as Binance, OKEx, etc. These platforms have a long history, a large user base, and a relatively high level of security.
Use stablecoins like USDT for trading; it acts like a wallet in the cryptocurrency world, with lower risk.
3. Learn technical analysis:
Learn basic technical analysis, such as candlestick charts, resistance levels, etc., at least to understand what others are talking about.
4. Avoid blindly following trends:
Don't be swayed by rumors; staying calm and rational is a core element of entering the market.
5. Beware of scams:
Do not believe in promotions that promise guaranteed profits, as there are enough scammers in the cryptocurrency world to circle the Earth three times.
6. Long-termism:
Invest regularly in mainstream coins, such as Bitcoin, Ethereum, etc.; over time, you will want to see the effects of compound interest.
7. Start with small investments:
It is recommended to start with small investments, first trying to earn through airdrops, commonly known as "picking wool"; this not only allows you to earn some profit but also helps you quickly understand the ecosystem of the cryptocurrency world.
By following the above suggestions, newcomers can gradually enhance their knowledge related to the cryptocurrency world, laying a solid foundation for success in this field.
