Advice from a 10-year-old investor in the cryptocurrency circle 2
3. When others buy something and get rich, you must be afraid of missing out when you hear the news. When you hear the news, it is too late. If you enter, you will be taking over at a high position, which is very risky. Don't have foom emotions, please stay away from people who give you foom emotions.
4. Don't have faith in a certain coin. There is nothing wrong with being a scumbag and leaving when you make money. Identify the wind outlet, leave when you make money, and wait quietly for the next wind outlet. Don't think that if you choose the right wind outlet, pigs can fly. When we little investors take off and see the scenery outside, the first thing to consider is not how to fly higher, but how to land safely. Otherwise, if the wind stops and you haven't left yet, you will be the first to fall to death. Stop when you are ahead. The cryptocurrency circle is not about who makes money faster, but who can live longer.
5. Don't believe in getting rich overnight, but you have to believe in the power of compound interest, which is really powerful. You must learn how to roll positions and accumulate capital, instead of going all-in as soon as you enter the market. Remember that keeping your own capital is the most important thing.
Remember that a last-ditch effort is not suitable for the cryptocurrency circle. Before you enter this circle, you must leave yourself at least 1-2 escape routes. There are risks in entering the market, so be cautious when investing.
