I used the dumbest method for trading cryptocurrencies and earned my first bucket of gold with 3000 yuan in the crypto world.
Once, I was also a newbie in the crypto world, starting with 3000 yuan, and gradually earned my first bucket of gold.
Today, I want to share my experience with you, hoping to help you avoid detours!
1. The crypto world is not a casino; learn before you earn!
Want to make money? First, understand how the crypto world works! You must know the basics like blockchain, exchanges, and virtual currencies, or you could be cut at any time.
Read books, articles, and watch videos; learn everything you can. Don't think you can get rich by luck!
2. Choose the right investment method; don't be a victim!
Spot trading, contracts, mining... there are many methods, but what suits you is the most important. Following blindly will only make you cannon fodder!
3. Making money relies on strategy, not feelings!
Before investing, think clearly: What is the goal? How will the plan be executed? Charging in blindly will eventually lead to losses.
4. Want to get rich quickly? First, learn to hold long-term!
The crypto world is highly volatile; short-term fluctuations are just noise. Bull and bear markets alternate; time is the strongest weapon.
5. If you can't manage risk, no matter how much you earn, it's useless!
Those who heavily invest often end up in dire situations. Don't dump all your money into one coin; diversify your investments so you can withstand losses.
My investment insights:
Only invest in mainstream coins: Bitcoin, Ethereum, these are hard currencies; stay away from scam coins.
Dollar-cost averaging strategy: Regardless of price fluctuations, invest regularly to naturally average your costs.
Hold long-term: Don't chase prices or panic sell; holding leads to significant returns.
Control risk: Only invest what you can afford to lose; don't use your living expenses to enter the market.
Finally, I want to tell you: There are many opportunities in the crypto world, but the risks are even greater. Making money relies on knowledge, not luck. Learn first, then invest, manage risks, and you can truly make money.
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