What should a novice pay attention to when speculating in cryptocurrencies? !
Is it meaningful to speculate in cryptocurrencies with 10,000 yuan?
As a person with more than 5 BTC in virtual currency, I would like to give you some suggestions on playing with cryptocurrencies.
1. Make sure to make a suitable position according to your own financial situation.
2. Spot: Relatively less risky. As long as you choose the right regular currency and find the right low position, you can enter the market, but the cycle is long. Once you buy it, you will not look at it. When it rises to a profit point, you can sell it.
Contract: The risk is relatively high. If you don’t know how to operate it, or if no one is leading you to do it, try not to do it. But the profit is fast, the cycle is short, and it can satisfy the excitement.
3. If you have less funds, it is recommended that you only play one. If you have more funds, you can operate both spot and contract at the same time.
4. Don’t play air coins and copycat coins. These coins are too risky. Don’t play coins below Shib/Doge.
5. The currency circle is one day, and the stock market is one year. The currency circle has a large increase. The stock market rises and falls by 10%, but the cryptocurrency market has no upper and lower limits, and the maximum fluctuation may be tens of thousands of points a day. Therefore, you must control your mentality when speculating in cryptocurrency. When you buy Bitcoin, you buy a coin. Don't think about exchanging the coin for money all day long. When you are really in danger and have to use this Bitcoin, its value must be higher than when you bought it. So don't worry about the rise and fall of the moment. Just like you have a gold brick, you will not pay attention to whether the gold market has risen or fallen. You will only remember that I have a gold brick. Instead of another gold brick, according to the price of gold on that day, it is worth 114566.
6. The cryptocurrency market has become monopolized. Because it has been around for so long, it is difficult for new virtual currencies to challenge the current mainstream currencies. There are too many new coins that have broken their issue prices, so don't easily believe that any new coins will create miracles in the future. Miracles are basically broken and returned to zero
