宣姐技术派
公众号：宣姐技术派
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How to succeed in the crypto world, Newcomer 100 U strategy, a must-read for beginners
Recently, many fans mentioned that they are just starting to play and don’t know how to operate. The capital coming in is also within 1000 U, asking me for good strategies. Today I will share my suggestions. For example, if you have 1000 U, divide it into 10 parts, and invest 100 U each time, with a leverage suggestion of 20X. Newcomers can't control their mindset with too high a multiplier. The remaining 900 U should be kept in a financial account. If you lose 100 U, you must not think about adding more funds. If you lose everything, the first thing you need to do is reflect and summarize, then take a break for 1-2 days. Don't be afraid of missing opportunities, Bitcoin's fluctuations can happen at any time. There are big fluctuations every month, and it's up to you whether you have the chance to play. After adjusting, change the remaining 900 U into 10 parts, making each part 90 U, and invest again. This time be careful, aim to earn back the money, assuming you earn 300 U this time, keep 100 U and transfer the remaining 200 U out, this way you will feel assured, and your mindset will be much better. Never invest everything at once, or if a black swan event occurs in the market, you will lose everything in one go. Then you have to start over. Objectively speaking, in contract trading, it’s best to use 10X leverage. If you go in the wrong direction, a 10% drop will liquidate you, and even Bitcoin has a 20% fluctuation in a year, which is very normal. If you are fully invested each time, it doesn’t matter how much you earned before, in the end, it all goes to zero. Walking by the river, no one guarantees that they will be right every time. A brilliant trader with a 60% success rate is already impressive. So, position management is very important. Even if you have a 90% win rate, making a single mistake can lead to disastrous results.
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How to set stop-loss and take-profit? Teach you four methods, pure percentage tips! Techniques from professional traders!
As a trader, I must tell you, always set stop-loss at key levels! Profit and loss are two sides of the same coin; if you don't let go of the child, you can't catch the wolf! You must endure floating losses to enjoy profits! (Of course, the entry point is also crucial; otherwise, you might lose your capital after a few stop-losses, which I'll discuss next time.)
A mature trader must set stop-loss and take-profit for each trade. Taking profit is straightforward; it's just about making more or less money, and after all, everyone is happy when making money. However, stop-loss is a challenge. If the stop-loss space is small, a minor pullback might hit the stop-loss, and then the market goes in the opposite direction, leaving you regretting your decision.
A mature trader must set stop-loss and take-profit for each trade. Taking profit is straightforward; it's just about making more or less money, and after all, everyone is happy when making money. However, stop-loss is a challenge. If the stop-loss space is small, a minor pullback might hit the stop-loss, and then the market goes in the opposite direction, leaving you regretting your decision.
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Things You Must Know About Retail Investors in Crypto (Stop-Loss Edition)
I find that many retail investors are fond of risk during downturns but hate risk during uptrends. This is a common issue for the vast majority of people. To put it bluntly, when you were stuck and down 20, you felt bad, but you couldn’t bear to sell. You used to check the K-lines and prices several times a day, but when it drops more than 30, you become too lazy to check. You just lie flat, thinking that a significant pullback must lead to a significant rebound. You still firmly believe that if you just lie flat, one day you will be able to break even. You won't panic as much as you did when you were down 20.
However, one day when the asset you hold rises, and it increases by 10%, you will definitely be very happy. But if it rises by 20% in a short time, you start to panic. You can’t hold on anymore; you begin to hate risk. You fear losing a sure profit, and you really want to secure your gains, but you are also worried about missing out. This creates a strange phenomenon: when you are clearly making a profit, you panic even more than when you were down 50%. Finally, when it rises to 30, you start to doubt everything. You think such a high increase must come with a correction. Sure enough, when there is a small pullback the next day, you think you must exit. It’s foolish to wait any longer as it’s easy to lose everything, so you sell. Hahaha, (I’m talking about you; if you’ve had a similar experience, please leave a comment in the comment section). This is why the market always follows the 80/20 rule: because those who hold on during a loss are often the ones who panic and sell on a small gain. It’s always a cycle of big losses and small wins, so you can only be that “80” of losses, while those who truly learn and summarize their experiences become the “20.”
However, one day when the asset you hold rises, and it increases by 10%, you will definitely be very happy. But if it rises by 20% in a short time, you start to panic. You can’t hold on anymore; you begin to hate risk. You fear losing a sure profit, and you really want to secure your gains, but you are also worried about missing out. This creates a strange phenomenon: when you are clearly making a profit, you panic even more than when you were down 50%. Finally, when it rises to 30, you start to doubt everything. You think such a high increase must come with a correction. Sure enough, when there is a small pullback the next day, you think you must exit. It’s foolish to wait any longer as it’s easy to lose everything, so you sell. Hahaha, (I’m talking about you; if you’ve had a similar experience, please leave a comment in the comment section). This is why the market always follows the 80/20 rule: because those who hold on during a loss are often the ones who panic and sell on a small gain. It’s always a cycle of big losses and small wins, so you can only be that “80” of losses, while those who truly learn and summarize their experiences become the “20.”
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The crypto market is crashing, Liangxi earns '2000U to 1 million U', a great opportunity for wealth, layout for 4 types of skyrocketing 100-fold potential
On this day of a century's great crash, a post-00s individual turned 2000U into 1 million U, and four years ago, Liangxi, at 18, shorted on the day of 519 to make 30 million, with 100x leverage opening 200 trades a day, placing an order every 5 minutes...
Liangxi's rollercoaster life, this time really must not go bankrupt again. The past few days have been filled with news about Liangxi, a true reflection of humanity—poor in the bustling city, no one cares; rich in the deep mountains, how many people flatter. Go enjoy for a couple of days, improve life, protect wealth, a cooling-off period for contracts is needed, if profitable, take a break, definitely withdraw and allocate to fixed assets, and don’t forget the tough days of not having money for instant noodles.
Liangxi's rollercoaster life, this time really must not go bankrupt again. The past few days have been filled with news about Liangxi, a true reflection of humanity—poor in the bustling city, no one cares; rich in the deep mountains, how many people flatter. Go enjoy for a couple of days, improve life, protect wealth, a cooling-off period for contracts is needed, if profitable, take a break, definitely withdraw and allocate to fixed assets, and don’t forget the tough days of not having money for instant noodles.
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How to make 1 million with 3000 yuan in the crypto market
Three thousand yuan = over four hundred U. It's unrealistic to think that investing in Bitcoin and Ethereum will lead to 1 million;
However, if you divide it into 10 U per share, whether you're using it for contracts or other purposes, you can start 40 times — or you can choose not to restart at all, as long as you set a good stop-loss.
I have written very detailed thoughts and insights before, here I will only emphasize a few key points:
By dividing funds into multiple portions, you can increase your risk resistance. Blindly rushing into one path is a highly error-prone behavior. Mainstream coins in spot trading do not have that much room for multiplication, altcoins can easily go to zero, and contracts can easily get liquidated if not calculated properly, or if there's a mistake (like adding an extra 0 in position size);
However, if you divide it into 10 U per share, whether you're using it for contracts or other purposes, you can start 40 times — or you can choose not to restart at all, as long as you set a good stop-loss.
I have written very detailed thoughts and insights before, here I will only emphasize a few key points:
By dividing funds into multiple portions, you can increase your risk resistance. Blindly rushing into one path is a highly error-prone behavior. Mainstream coins in spot trading do not have that much room for multiplication, altcoins can easily go to zero, and contracts can easily get liquidated if not calculated properly, or if there's a mistake (like adding an extra 0 in position size);
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Why are there still so many people playing contracts in the crypto circle even after liquidation?
I see many bloggers saying they opened 5x or 10x, and that the leverage is already quite small.
I really have no words. In fact, I want to tell you all, you are all wrong.
Leverage is not calculated this way at all. The leverage ratio calculated by the platform has nothing to do with you; it’s roughly the proportion that affects the platform's safety. You should calculate the risk based on stop-loss or the full principal.
With such a volatile crypto, it’s fine to open positions evenly in parts, around 10-20% of the principal each time, with a total maximum position of about 2 (short) to 4 (long) times the principal. The overall stop-loss risk at the same moment should be within 20% of the principal (or your psychological actual tolerance must be less than 20%). It is recommended to average the risk over time to 10%, which means there will be some periods of being in cash... Some may ask, then why do contracts at all... Hehe... Saying this may offend the entire crypto circle, but do you really want to earn coins or make money? Is there a more flexible speculative tool than contracts? Is the U-based really useless? In the face of a bear market, what is safer, coins or U? When you spend money, do you spend coins or U?
I really have no words. In fact, I want to tell you all, you are all wrong.
Leverage is not calculated this way at all. The leverage ratio calculated by the platform has nothing to do with you; it’s roughly the proportion that affects the platform's safety. You should calculate the risk based on stop-loss or the full principal.
With such a volatile crypto, it’s fine to open positions evenly in parts, around 10-20% of the principal each time, with a total maximum position of about 2 (short) to 4 (long) times the principal. The overall stop-loss risk at the same moment should be within 20% of the principal (or your psychological actual tolerance must be less than 20%). It is recommended to average the risk over time to 10%, which means there will be some periods of being in cash... Some may ask, then why do contracts at all... Hehe... Saying this may offend the entire crypto circle, but do you really want to earn coins or make money? Is there a more flexible speculative tool than contracts? Is the U-based really useless? In the face of a bear market, what is safer, coins or U? When you spend money, do you spend coins or U?
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Basic knowledge you must understand to enter the cryptocurrency world, explaining key points in one article.
1. Basic characteristics of cryptocurrency trading
Trading hours: 7*24 hours, no market holidays throughout the year.
No price limits: Cryptocurrency trading has no price limits, while stocks have price limits.
Trading unit: 1 BTC = 100 million Satoshi (sat).
Real-time trading: T+0, while stocks are T+1 trading, meaning that if you buy stocks on the same day, you can only sell them on the next trading day. However, cryptocurrencies are T+0 trading, allowing same-day buying and selling.
No time limit for withdrawals and realization: Withdraw and realize funds anytime, with high liquidity.
2. Common professional terms in the cryptocurrency world
[Going long], also known as 'bullish', buyers believe the coin price will rise in the future, buy the coins, and sell at a high price after the price rises.
Trading hours: 7*24 hours, no market holidays throughout the year.
No price limits: Cryptocurrency trading has no price limits, while stocks have price limits.
Trading unit: 1 BTC = 100 million Satoshi (sat).
Real-time trading: T+0, while stocks are T+1 trading, meaning that if you buy stocks on the same day, you can only sell them on the next trading day. However, cryptocurrencies are T+0 trading, allowing same-day buying and selling.
No time limit for withdrawals and realization: Withdraw and realize funds anytime, with high liquidity.
2. Common professional terms in the cryptocurrency world
[Going long], also known as 'bullish', buyers believe the coin price will rise in the future, buy the coins, and sell at a high price after the price rises.
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How to Earn One Million from Three Thousand in the Market Circle? (Six)
If you managed to read this far in one go, it shows that you are here to learn, and it also indicates that my sharing has resonated with you to some extent! Especially congratulations to you: I have been learning to trade contracts for three years this year. You may empathize with the hardships and pains I have experienced along the way; it has really not been easy. I feel like I have truly mastered a certain magical method. Next, I will share everything without reservation. If it can help you achieve stable profits, then I congratulate you, but you don't need to thank me because you read this far in one go; this is what you deserve! Alright, here comes the valuable content:
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How to make one million with 3,000 yuan in the cryptocurrency circle?
Recently, a fan asked me how to develop the courage to hold a heavy position, so today I will talk about this topic specifically:
It does take courage to hold a heavy position, but it depends on when and whether it is worth it. It's like there is no reason to like someone, but when you really plan to give everything for this person, you have to weigh it. Is this person worth it?
To put it bluntly, if the direction is wrong, the loss caused by the courage to hold a heavy position is unbearable.
However, if the direction is right, the courage to hold a heavy position will make you earn a lot!
I personally think that when the certainty of profit is very high, you must hold a heavy position (heavy position does not mean full position), otherwise you will never make money. Note that "certainty" is a prerequisite. To improve certainty, you need to do a lot of work, such as fundamentals, technology, capital inflow and outflow, news, etc. You must be proficient in grasping it. This is not a skill that can be practiced overnight: hobbies, talents, good attitudes, all have to be there, the so-called "high skills and boldness", high skills are benchmarked against certainty. Boldness is benchmarked against courage!
The unilateral market is coming, but we are just playing around. What is the difference between this and missing out? Don't trade frequently. Short positions are also a kind of ability. Seize the opportunity, work hard with heavy positions (not full positions), then travel and wait for new opportunities! Courage always comes from super profits! How can you have courage if you always lose money?
I wish you a happy trading!
#比特币价格走势分析 #币安Alpha上新 #美联储降息预期 #币安LaunchpoolRED #开通交易实盘认证
If you are confused and helpless and don't know how to open a position, follow me. I need fans and you need references. It's better to follow Xuan Jie than to guess blindly!
Recently, a fan asked me how to develop the courage to hold a heavy position, so today I will talk about this topic specifically:
It does take courage to hold a heavy position, but it depends on when and whether it is worth it. It's like there is no reason to like someone, but when you really plan to give everything for this person, you have to weigh it. Is this person worth it?
To put it bluntly, if the direction is wrong, the loss caused by the courage to hold a heavy position is unbearable.
However, if the direction is right, the courage to hold a heavy position will make you earn a lot!
I personally think that when the certainty of profit is very high, you must hold a heavy position (heavy position does not mean full position), otherwise you will never make money. Note that "certainty" is a prerequisite. To improve certainty, you need to do a lot of work, such as fundamentals, technology, capital inflow and outflow, news, etc. You must be proficient in grasping it. This is not a skill that can be practiced overnight: hobbies, talents, good attitudes, all have to be there, the so-called "high skills and boldness", high skills are benchmarked against certainty. Boldness is benchmarked against courage!
The unilateral market is coming, but we are just playing around. What is the difference between this and missing out? Don't trade frequently. Short positions are also a kind of ability. Seize the opportunity, work hard with heavy positions (not full positions), then travel and wait for new opportunities! Courage always comes from super profits! How can you have courage if you always lose money?
I wish you a happy trading!
#比特币价格走势分析 #币安Alpha上新 #美联储降息预期 #币安LaunchpoolRED #开通交易实盘认证
If you are confused and helpless and don't know how to open a position, follow me. I need fans and you need references. It's better to follow Xuan Jie than to guess blindly!
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How to make one million from three thousand in the market? (Part Four)
It's been a long time since I updated, I've been trading recently. Although I made a little profit in the end, it wasn't much. Now I summarize it, hoping to inspire and benefit everyone:
1: In this round of operation with multiple long positions, I basically selected skyrocketing varieties when opening positions, but when the market really exploded, I got off the train. As I mentioned before, you need to be able to wait. After opening a position, just quietly wait for it to float in profit and for the opportunity to close.
2: Stick to low leverage, the probability of floating profits is very high. The timing of entry is really important; you can say that the entry point determines the leverage ratio. I usually determine my entry points and leverage ratios based on the four-hour trend. If the price breaks through the highest or lowest point of the four-hour chart in the opposite direction, I exit decisively. If the price runs in the direction of floating profit, then don't mess around, just let the profit run. When the price on the four-hour chart shows a pullback, exit first, wait for the pullback to end, and then continue to enter. You must keep low leverage; low leverage gives the market enough room for error.
1: In this round of operation with multiple long positions, I basically selected skyrocketing varieties when opening positions, but when the market really exploded, I got off the train. As I mentioned before, you need to be able to wait. After opening a position, just quietly wait for it to float in profit and for the opportunity to close.
2: Stick to low leverage, the probability of floating profits is very high. The timing of entry is really important; you can say that the entry point determines the leverage ratio. I usually determine my entry points and leverage ratios based on the four-hour trend. If the price breaks through the highest or lowest point of the four-hour chart in the opposite direction, I exit decisively. If the price runs in the direction of floating profit, then don't mess around, just let the profit run. When the price on the four-hour chart shows a pullback, exit first, wait for the pullback to end, and then continue to enter. You must keep low leverage; low leverage gives the market enough room for error.
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How to Turn Three Thousand into One Million in the Crypto Market? (Part Three)
Recently, the cryptocurrency market has been very crazy, which is normal. After all, crypto friends have endured hardships for more than two years; it's time to make some returns. However, at this very moment, ask yourself quietly: have you made a profit?
Isn't it crazy to see so many familiar coins skyrocketing, but you just weren't on the train? Alright, watching the prices surge uncontrollably, you finally couldn't hold back and jumped on board. Trouble came, and you got successfully trapped. You might ask, how do I know this so accurately? Because I have gone through this step by step.
All of this is because you may not know the logic behind the main players' operations: building positions ~ testing the market ~ shaking out weak hands ~ price increases ~ unloading. We must dare to decisively enter the market when the main players start to pull up, (most people are afraid to enter at this time because they can't understand the main players' intentions and mistakenly treat the rise as unloading). We should leave the market together with the main players during the unloading phase. If you see this and think I'm talking nonsense, it indicates that your trading knowledge might really be lacking. Anyone with even a bit of trading foundation will understand what I'm saying!
Isn't it crazy to see so many familiar coins skyrocketing, but you just weren't on the train? Alright, watching the prices surge uncontrollably, you finally couldn't hold back and jumped on board. Trouble came, and you got successfully trapped. You might ask, how do I know this so accurately? Because I have gone through this step by step.
All of this is because you may not know the logic behind the main players' operations: building positions ~ testing the market ~ shaking out weak hands ~ price increases ~ unloading. We must dare to decisively enter the market when the main players start to pull up, (most people are afraid to enter at this time because they can't understand the main players' intentions and mistakenly treat the rise as unloading). We should leave the market together with the main players during the unloading phase. If you see this and think I'm talking nonsense, it indicates that your trading knowledge might really be lacking. Anyone with even a bit of trading foundation will understand what I'm saying!
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How to Turn 3000 Yuan into 1 Million in the Cryptocurrency Market? (Part 2)
Looking at the number of likes on this answer, I will update it again. Mainly, I want to modify the second point above. In fact, there is no need to divide the remaining 500 yuan into five times, using 100 yuan each time to open five times 10x contracts. After countless tests and experiences, opening contracts at 3 to 5 times is the most I would recommend. A 5x leverage can withstand a reverse fluctuation of 20 points, while 3x can accept a reverse fluctuation of 33.3 points. If a newcomer uses 500 yuan to do a 5x leveraged contract, the probability of winning is still quite high, provided that the direction is accurately identified. Generally, altcoins rarely reverse more than 20 points during the early stages of market movements, regardless of whether the market is bullish or bearish. Therefore, as long as you don't get the direction wrong, after opening a position, you just need to wait for the closing signal during the daily segment operations. Note that there is one important point: many people cannot wait and keep switching back and forth, ultimately ending up wasting effort or even losing everything. Therefore, we need to learn to decisively open positions at the beginning of market movements; this way, we can basically see immediate profits. However, there is a mindset: no matter how long you wait, the prerequisite is that you must be able to wait. Many people cannot do this, and I often feel anxious too, but I still need to overcome this. This is the advantage of low leverage; no matter how the price fluctuates before closing, you don't need to worry; you just need to quietly wait for it to rise or fall. As long as you can wait, profit will eventually come.
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How to turn three thousand yuan into one million in the cryptocurrency market?
First of all, starting with 3000 yuan in the cryptocurrency market is enough.
It’s not about having a lot of money, but about making a profit; random operations can lead to instant zero.
1. You can use 2500 yuan for spot trading and 500 yuan for contracts, see the chart.
If you can pick such a one-sided skyrocketing variety, then in just three days your 2500 can become 5000, meaning you already have a capital of 5500 yuan. Remove 500 yuan because newcomers trading contracts usually face instant liquidation!
2. 500 yuan can be divided into five trades of 100 yuan each with a tenfold leverage. If the price moves in the opposite direction by 10 points with 10x leverage, it will liquidate. Newcomers are advised to use isolated margin, because even if it is liquidated, the remaining funds in your trading account will still be there. In contrast, if using the full margin, your account can instantly go to zero in the event of a sudden market spike! This is the reason why some newcomers jump off buildings after losing in contracts!
It’s not about having a lot of money, but about making a profit; random operations can lead to instant zero.
1. You can use 2500 yuan for spot trading and 500 yuan for contracts, see the chart.
If you can pick such a one-sided skyrocketing variety, then in just three days your 2500 can become 5000, meaning you already have a capital of 5500 yuan. Remove 500 yuan because newcomers trading contracts usually face instant liquidation!
2. 500 yuan can be divided into five trades of 100 yuan each with a tenfold leverage. If the price moves in the opposite direction by 10 points with 10x leverage, it will liquidate. Newcomers are advised to use isolated margin, because even if it is liquidated, the remaining funds in your trading account will still be there. In contrast, if using the full margin, your account can instantly go to zero in the event of a sudden market spike! This is the reason why some newcomers jump off buildings after losing in contracts!
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How can newcomers level up to understand the crypto world? Does anyone have recommended learning paths?
For beginners, I directly explain the most basic things in the crypto world.
I hope everyone can share in the profits during the bull market.
In the crypto world, I classify people into 2 categories.
1. Contract players 2. On-chain players.
Those playing contracts on exchanges likely account for over 95% of the total number of people in the crypto world.
In my view, the crypto world is a process where on-chain players and institutions harvest trading players.
Don't think; I know the process of beginners entering the crypto world. They only recognize BTC, ETH, and other major coins, which are generally ARB, OP, etc.
Then they open contracts, experience the thrill of high leverage, and the money they invested likely ends with liquidation to zero.
I hope everyone can share in the profits during the bull market.
In the crypto world, I classify people into 2 categories.
1. Contract players 2. On-chain players.
Those playing contracts on exchanges likely account for over 95% of the total number of people in the crypto world.
In my view, the crypto world is a process where on-chain players and institutions harvest trading players.
Don't think; I know the process of beginners entering the crypto world. They only recognize BTC, ETH, and other major coins, which are generally ARB, OP, etc.
Then they open contracts, experience the thrill of high leverage, and the money they invested likely ends with liquidation to zero.
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A Must-Read for Crypto Beginners! Basic Knowledge!
For beginners entering the crypto world, afraid of being scammed but not knowing anything, what should you do? Today, Kong Ge will teach you the basic knowledge of the crypto world.
This article is full of practical information.
Friends who like it can like, follow, and save!
Since you have come to the crypto world, you cannot avoid one thing: Bitcoin (BTC), commonly known as 'big cake'.
Arbitrarily take a portion of Bitcoin, viewed from the monthly line.
From 2020 to now, can it be simplified into these five simple line segments?
There are only two types of trends for this line segment: upward or downward.
The so-called consolidation refers to fluctuations up and down within a range, where the price remains basically unchanged. Ultimately, it will evolve into one of the two trends mentioned above, which we will not consider for now.
This article is full of practical information.
Friends who like it can like, follow, and save!
Since you have come to the crypto world, you cannot avoid one thing: Bitcoin (BTC), commonly known as 'big cake'.
Arbitrarily take a portion of Bitcoin, viewed from the monthly line.
From 2020 to now, can it be simplified into these five simple line segments?
There are only two types of trends for this line segment: upward or downward.
The so-called consolidation refers to fluctuations up and down within a range, where the price remains basically unchanged. Ultimately, it will evolve into one of the two trends mentioned above, which we will not consider for now.
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Newcomers entering the cryptocurrency world with only a few thousand RMB to invest, what advice do you have?
As a novice, you need to practice these concepts. When there are projects, you can try with small amounts to experiment and practice, adopting a learning mindset instead of coming in thinking about how much money to make. If a newcomer does not improve their execution and learning, even if they happen to make some money now, they will eventually lose it back due to a shaky foundation or other reasons.
A portion of your money goes to 'trial and error'; you can try doing altcoins, contracts, or swing trading. This part of the money is used to pay tuition, helping you learn to respect the market.
A portion of your money goes to 'trial and error'; you can try doing altcoins, contracts, or swing trading. This part of the money is used to pay tuition, helping you learn to respect the market.
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A few pieces of advice for newcomers to the cryptocurrency world!
First piece of advice
The cryptocurrency market has finished its barbaric explosive phase; the next stage is formal financialization, where capital institutions compete.
Stop dreaming about creating a coin that can multiply by tens or hundreds; given the current market sentiment, coins that can multiply tenfold are rare.
Even if a bull market truly arrives, there won't be many coins that can multiply by more than ten times.
Second piece of advice
Investing in the primary market indeed offers high returns for small investments, but those who recommend you to play in the primary market won't tell you that 99% of the projects will go to zero.
The cryptocurrency market has finished its barbaric explosive phase; the next stage is formal financialization, where capital institutions compete.
Stop dreaming about creating a coin that can multiply by tens or hundreds; given the current market sentiment, coins that can multiply tenfold are rare.
Even if a bull market truly arrives, there won't be many coins that can multiply by more than ten times.
Second piece of advice
Investing in the primary market indeed offers high returns for small investments, but those who recommend you to play in the primary market won't tell you that 99% of the projects will go to zero.
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Crypto Circle Beginner's Quick Guide to Cold Knowledge (A Must-Read for Newcomers)
The following 15 points will help beginners quickly understand the knowledge of the crypto circle.
Key terms in the crypto circle that you must know (a must-read for beginners) A glossary of terms in the crypto circle for friends who are just getting started.
1. What is fiat currency? Fiat currency is legal tender issued by the state and government, with only government credit as a guarantee, such as the Chinese Yuan, US Dollar, etc.
2. What does Token mean? Token is typically translated as 'certificate.' It is one of the important concepts in blockchain; its more commonly known name is 'token,' but in the professional 'chain circle,' a more accurate translation is 'certificate,' representing a type of rights proof on the blockchain rather than currency. In the traditional value system, only things that can be recorded on a ledger can exchange value and circulate. Therefore, bookkeeping is the foundation of wealth creation. However, in reality, most things cannot be quantified; the things that can be recorded are very limited. But 'Token' can. The magical aspect is that Token can digitally represent both physical assets and virtual digital assets.
Key terms in the crypto circle that you must know (a must-read for beginners) A glossary of terms in the crypto circle for friends who are just getting started.
1. What is fiat currency? Fiat currency is legal tender issued by the state and government, with only government credit as a guarantee, such as the Chinese Yuan, US Dollar, etc.
2. What does Token mean? Token is typically translated as 'certificate.' It is one of the important concepts in blockchain; its more commonly known name is 'token,' but in the professional 'chain circle,' a more accurate translation is 'certificate,' representing a type of rights proof on the blockchain rather than currency. In the traditional value system, only things that can be recorded on a ledger can exchange value and circulate. Therefore, bookkeeping is the foundation of wealth creation. However, in reality, most things cannot be quantified; the things that can be recorded are very limited. But 'Token' can. The magical aspect is that Token can digitally represent both physical assets and virtual digital assets.
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What is the most tragic thing you've heard in the crypto world?
Last November, a friend played with contracts, starting with a capital of 500,000 and opening a long position at 5 times leverage. The account peaked at 4.3 million, and after deducting fees and the part hedged with spot trading, the total gain was a whopping 851%.
If it were you at that moment, what would you do? Most people would have already stopped, but he didn't. His wife said there was a small dip in between, but he didn't stop loss, and later it rebounded. At that time, the contract account had already made over 900%. There were probably too many short sellers, and he didn't pay much attention to it. Later, it dropped a bit, and he also chose not to stop loss. When his wife mentioned 430, he called her with a slightly trembling voice to tell her the situation, not particularly excited, then he just stared at the screen, slowly becoming extremely calm. Because with contracts, he had previously made almost 3 million at the peak and then gradually lost it all. Having seen great storms and waves, one can remain incredibly calm in such situations.
If it were you at that moment, what would you do? Most people would have already stopped, but he didn't. His wife said there was a small dip in between, but he didn't stop loss, and later it rebounded. At that time, the contract account had already made over 900%. There were probably too many short sellers, and he didn't pay much attention to it. Later, it dropped a bit, and he also chose not to stop loss. When his wife mentioned 430, he called her with a slightly trembling voice to tell her the situation, not particularly excited, then he just stared at the screen, slowly becoming extremely calm. Because with contracts, he had previously made almost 3 million at the peak and then gradually lost it all. Having seen great storms and waves, one can remain incredibly calm in such situations.
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The Legend of a 17-Year-Old Cryptocurrency Youth
In the cryptocurrency world, there is a person many consider a madman, just someone with good luck who happened to encounter the 519 incident, treating money with disdain and going all-in time and again, creating a cryptocurrency myth. Some say he is a genius, averaging 1,500 trades a week, trading every 5 minutes except when sleeping, using 60x leverage to turn 1,000 yuan into 40 million, creating another miracle in the crypto world. Others say he is a pitiful person, lacking parental love, beaten by his own father, and deceived by his brother's girlfriend.
Entered the cryptocurrency world at 17 and became a legend.
Entered the cryptocurrency world at 17 and became a legend.
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