For those who want to make a profit without taking risks for the medium and long term, take bitcoin (no need to sell at a loss because it has always gone up over time, but always with big drops, so be patient).
This is still my point of view, of course do your own research and invest in serious projects.
Remember to take your profits, because it will not go up indefinitely.
Be careful of the fomo effect, thinking that you will miss an opportunity. You have to buy LOW (ideally when it's red) and sell HIGH (when it's green), it's obvious, but many do the opposite and end up losing everything.
Avoid swapping one crypto for another, because there is a slippage margin on the 2 cryptos (it can cost 60 euros for a swap of around 2000 euros). Instead, make a limit order, for buying and selling on binance pro, it costs much less and it's not complicated to do.
The price is intentionally very low, in order to deceive people thinking that if the price reached 1 dollar, they will become millionaires by having invested little money. But the reality is that it will never reach 1 dollar, nor 0.1 dollar, nor even 0.001, and very unlikely 0.0001 dollar.
Why?
In the picture (taken from binance lite), you can see the number of tokens in circulation, at the bottom of the page, and as you can see on pepe, there are 420,689,900,000,000 (420,689.9 Billion).
For pepe to reach $1, it would therefore have to have a capitalization of $420,689 billion. For information, bitcoin being the most recognized and safest crypto, it has a capitalization of $2,061 billion at the time of writing this message.
Do you really think that a meme coin like pepe can compete with bitcoin???
For pepe to be equal to bitcoin (but that will never happen), its price would have to reach $0.049.
Get your feet back on the ground, even if it was 1/10 of btc, or at a price of $0.0049, it would be a huge feat.
Do your own research before stupidly investing money in memecoins.
NEVER buy when the price is rising, because you will definitely sell at a loss.
Don't think you're smarter than others, because others have understood very well how to make their profits.
In reality, memecoins are used to ruin the vast majority, which benefit a small minority.
If you are a real beginner, invest instead in bitcoin, there is a good chance that you will make a profit in the medium and long term.
1-Always find out about the crypto you have chosen (promising or not, who is behind this project, check the website, account x, videos on YouTube ....).
2-Always take your profits, do not hope to become a billionaire on binance, because in reality, there are many more people who lose money in the short or long term. The small percentage who have become millionaires is due to the vast majority who have lost.
3-Avoid panicking as soon as there is a drop, if you sell, you will pay fees, and you sell at a loss, and you will buy back with fees when the price increases, it is pathetic.
4-Avoid buying memecoin, except maybe dogecoin which is supported by Elon Musk who has a great influence.
All other memes are pure speculation, there is no project behind it, it is at your own risk.
5-Do not stupidly follow speculative bullish trends, because often, it leads to the abbatory.
6-If you want to have a guarantee of increase in the future, only bitcoin has this guarantee, etherum can be replaced by something else, but bitcoin will remain bitcoin, but do not hope to make as many gains as in its beginnings.
7-On Wallet, there are a lot of scams, a lot of fake cryptos that will make you lose everything, always inquire on the official website, and be sure that it is the official website with a real project.
8-NEVER connect your wallet to a site, unless you have a real guarantee that this site is reliable and secure, otherwise, your entire wallet risks disappearing.
All these mistakes, I made them in my beginnings, fortunately I realized them very quickly, and I was able to do what was necessary, I lost little money, but it could have been much more.
BE EXTREMELY VIGILANT on web3, it is decentralized finance, so there are no laws, and since there are no laws, all the sharks are waiting for the little pigeons.
1-Always find out about the crypto you have chosen (promising or not, who is behind this project, check the website, account x, videos on YouTube ....).
2-Always take your profits, do not hope to become a billionaire on binance, because in reality, there are many more people who lose money in the short or long term. The small percentage who have become millionaires is due to the vast majority who have lost.
3-Avoid panicking as soon as there is a drop, if you sell, you will pay fees, and you sell at a loss, and you will buy back with fees when the price increases, it is pathetic.
4-Avoid buying memecoin, except maybe dogecoin which is supported by Elon Musk who has a great influence.
All other memes are pure speculation, there is no project behind it, it is at your own risk.
5-Do not stupidly follow speculative bullish trends, because often, it leads to the abbatory.
6-If you want to have a guarantee of increase in the future, only bitcoin has this guarantee, etherum can be replaced by something else, but bitcoin will remain bitcoin, but do not hope to make as many gains as in its beginnings.
7-On Wallet, there are a lot of scams, a lot of fake cryptos that will make you lose everything, always inquire on the official website, and be sure that it is the official website with a real project.
8-NEVER connect your wallet to a site, unless you have a real guarantee that this site is reliable and secure, otherwise, your entire wallet risks disappearing.
All these mistakes, I made them in my beginnings, fortunately I realized them very quickly, and I was able to do what was necessary, I lost little money, but it could have been much more.
BE EXTREMELY VIGILANT on web3, it is decentralized finance, so there are no laws, and since there are no laws, all the sharks are waiting for the little pigeons.
I am new to crypto (a few months), I am writing this post to give you some advice on how not to lose money stupidly (my beginner's mistakes).
1-When you exchange one crypto for another, the price displayed on the course will not correspond to the amount received, because there is slippage (margin of price slippage during the transaction), which will be done on both cryptos. For example, I exchanged 1000 usdc for aptos, I received about the equivalent of 980 dollars in aptos, yet the price had not moved.
2- You have to add the transaction fees which are 0.1% on binance.
3- If you use binance wallet, some cryptos can have a much higher slippage (sometimes 10% or more).
4-On binance wallet, always make sure to select the right address and the right network, you will lose the entire amount of the sending, and going back will be impossible.
5-On wallet, if a crypto interests you, make sure to select the right cryptos by checking on the official website of the token in question, the right address and the right network, because many fake cryptos try to copy the official crypto (example, you will find many aiz16 tokens on solana, but only 1 of its tokens is official on the solana blockchain, all the others are used to scam you).
6-Do not stupidly follow speculative upward trends.
7-Avoid making exchanges as much as possible, because it will be less fees, in the end, it can climb very quickly.
8-Bitcoin influences all cryptos, if btc increases, all other cryptos are pulled up, and vice versa.
When btc increases by 10%, some cryptos can go up by 40% or more, but as soon as btc decreases, they can go down just as quickly, or even more.
Btc is the reference value, if you are not in a hurry, Invest in bitcoin, because there is a good chance that it will increase in the future.