A Survival Guide to the Cryptocurrency World That Xiao Bai Must Read
Mindset First, Don't Let FOMO Lead You
The cryptocurrency market's candlestick charts are like roller coasters: excited when it rises, heartbroken when it falls! In my first week, I chased a 'skyrocketing coin', and the next day it crashed, losing 30%! After some painful reflection, I learned to stabilize my mindset:
Only invest spare money: regularly invest 10% of my salary each month.
Set a stop-loss line: I established a rule to withdraw if I incur a 5% loss to prevent reluctance to cut losses.
Treat the cryptocurrency world as an opportunity to learn new technology; with a stable mindset, there will be more opportunities!
Learn some basics, don't blindly follow trends
Newbies must understand:
What is blockchain? Simply put, it's a secure 'digital ledger' that records transactions without being tampered with.
How to read a white paper? Look at the project team, technology, and actual use cases; don't be fooled by flashy promotions!
Safety first, choose reliable platforms
The biggest fear in the cryptocurrency world is getting hacked or platforms running away! A friend used a small exchange, and their coins were wiped out overnight— a bloody lesson! Newbies should choose platforms carefully:
Choose top exchanges: Binance, with good liquidity and high security.
Use a cold wallet: Store large assets in MetaMask or Ledger, leaving only a small amount for trading on exchanges.
Beware of scams: Private messages about 'airdrops' or 'customer service' are scams; block them immediately!
Little Red Book Tips: I keep notes on the pros and cons of platforms, organizing them into a table makes choosing super easy!
Small investment strategies, newbies can stabilize too
Trading cryptocurrencies is not about 'all in'; strategy is more important than luck! My investment method as a newbie:
Regularly invest in mainstream coins: Bitcoin and Ethereum have small fluctuations, suitable for long-term holding, invest 500 yuan each month to accumulate over time.
Diversify risks: Split funds into three parts: 50% in mainstream coins, 30% in potential projects, and 20% kept in cash.
Easily read candlestick charts: Learn about moving averages and trading volume; Little Red Book has beginner tutorials, super practical.
My habit: Weekly reviews, recording profits and losses along with lessons learned, gradually finding my rhythm!
Reject anxiety, cryptocurrency can also be very life-like
The cryptocurrency market trades 24 hours, staring at candlestick charts can be emo! Now, I only look at the charts for 15 minutes each day; the rest of the time I work out and binge-watch dramas, making life super fulfilling!
Investment is a part of life; don’t let the cryptocurrency world control your emotions!
◎ Finally: The cryptocurrency world is a marathon
There are risks in cryptocurrencies, but also opportunities. Newbies shouldn't rush to get rich; maintaining learning, cautious investing, and a balanced mindset is the way to go far!
Treat every trade as a learning experience, and your perspective will broaden more and more!$ETH $BTC #美国加征关税 #加密市场反弹
