Newcomers to the cryptocurrency world, be sure to read this. Learn, read more dry goods! Don't buy randomly. There are a few suggestions at the end. ⚠️Everyone must read it.

A common mistake made by novices when speculating in cryptocurrencies is to check the exchange frequently. If the price of the currency does not rise within a few minutes after buying, they will start to worry, doubt their choice, and then rush to sell and buy other currencies instead. This frequent operation not only increases transaction costs, but also often leads to a gradual reduction in funds because the handling fees gradually accumulate in constant transactions.

In contrast, experienced investors usually adopt a fixed investment strategy. They choose a currency and set long-term investment goals, and do not pay too much attention to short-term market fluctuations. They may only check it a few times a month, hold it firmly after buying, and no matter how the market fluctuates, they will not operate frequently, but just insist on fixed investment.

In the long run, novices often fail due to frequent trading and chasing ups and downs, while experienced investors have an advantage due to low costs and stable positions. Therefore, the best strategy for investment can be summarized as "buy and forget", be prepared to hold for a long time, and do not pay too much attention to short-term market fluctuations. Short-term trading and long-term investment each have their own strategies and timing. Friends who pay attention to market trends several times a day may need to reconsider their investment strategies and patience.

Here are some suggestions:

1. Set clear investment goals: Decide whether to invest long-term or speculate short-term. Clear goals help maintain the consistency of investment strategies.

2. Avoid emotional trading: Market fluctuations are normal. Don't change your original intention because of short-term price fluctuations.

3. Adopt a fixed investment strategy: Choose one or two potential currencies, buy them regularly, and hold them for a long time regardless of market price fluctuations.

4. Control the frequency of transactions: avoid frequent transactions and reduce unnecessary transaction costs.

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