How can retail investors make money in the crypto world with RS7?
Here are the actual steps!
Step 1: Just starting out with a small amount of money (for example, starting with 10U)
Core idea: Treat this 10U as money for learning, don't expect to make a lot of money immediately.
Suggestions for actions:
Spend about 0.5U on free events for new coins (airdrops).
Use a small amount of money to directly buy some coins to try (for example, buy a small amount of cheap coins like SHIB).
Key learning focus: Understand how to use wallets and grasp the most basic elements of blockchain.
Step 2: Gained some experience, with a bit more money (for example, trying with 100U)
How to allocate money:
50U to directly buy coins you believe in (spot trading).
30U set aside in case the coin price drops, so you can buy more to lower costs (averaging down).
20U saved for future transaction fees (Gas reserve fund).
Coins to consider buying:
Coins from relatively new blockchain platforms (new public chain tokens).
Coins from decentralized finance projects that have real use cases (DeFi with practical applications).
Must learn: Know how to use websites like CoinMarketCap to check coin prices and information, and be able to understand project whitepapers.
Step 3: More money available, ready to step up (for example, pushing with 1000U)
How to keep up with trends:
Check trending topics on Twitter every day.
Follow at least 5 influential figures in the crypto space (KOLs) to see what they are saying.
Suggested money allocation:
60% of your money should be invested in the hottest areas right now (for example, AI-related coins, game finance-related coins).
30% of your money to buy coins you think will increase in value but haven't yet gained popularity (potential hidden gems).
10% of your money to keep flexible (liquid funds).
Advanced operational techniques (for example, trading Ethereum $ETH):
Set an automatic selling point, if you lose 5%, sell automatically to stop loss (5% automatic stop loss).
If you gain over 20%, you can sell in portions to lock in some profits (partial profit-taking).
Most importantly: Don't rush to follow others just because they are making money (reject FOMO emotions).