Cryptocurrency trading is not as simple as you think. You can't make a lot of money just by buying and selling. A qualified cryptocurrency trader must not only understand the economy, follow the news, understand national policies, and care about the international situation, but also study the fundamentals and technical aspects of virtual currency, and constantly fight against his own fear and greed. You must have a big heart, able to withstand ups and downs, from nothing to something, from something to nothing, able to withstand temptations, and endure torture. It can be said that those who survived the cryptocurrency circle are basically indomitable, immune to all poisons, and tempered into steel.
Three principles of gold mining:
Principle 1: Strictly control the position of 50% when building a position, so that you can defend when retreating and attack when advancing. Don't be fully invested at any time. Once the position falls sharply, even the gods can't save you. Principle 2: Once it rises 2-3 times, you must sell half of it first. After recovering the cost, we will use the profit to play with the dealer slowly, and then slowly sell it when it reaches the price in our heart. We leave 10% of the bottom position to avoid missing out on the benefits given by the powerful dealer's urgent pull. Principle 3: When the market is crazy and everyone is chasing the rise, you must sell the chips in your hands slowly in stages and batches. Don't be superstitious about the numbers in the account. Only the money in your pocket is yours. The platform account is just a string of numbers.
Three secrets for cryptocurrency trading!
Tip 1: Don't put your big money randomly on small, informal websites for speculating in cryptocurrencies. Other websites are gone. If you want to play, go to formal large websites, such as Huobi, BitTimes, etc. Tip 2: There are so many crowdfunded coins recently. Please keep your eyes open. It's not that you can't invest in them, but there are many pitfalls. Be cautious. Don't try your luck. Understand clearly. Don't invest just because they are not crowdfunded. That's like gambling. Tip 3: The cryptocurrency circle has been sluggish recently, and the overall market is cooling down. Short-term operations are mainly based on waiting and watching. For long-term investment, you can choose the top 20 high-quality coins in the world, and you can build positions at low prices in batches. (Remember, don't go full position, that is, don't buy a lot of coins at once and invest too much money. You can start with half position, half of the coins, control the risks and funds, and then when the price rises or falls, you can make up for the position in time and stop the loss. This will be more conducive to making money. If you don't make up for the position in time, you can minimize the loss. Speculating in cryptocurrencies is to make money, so you must make some preparations to avoid unnecessary losses.)
Finally: It is crucial not to follow the trend. There are many newcomers who have just started to trade in cryptocurrencies. They see in the group or someone says to sell, and if they don’t sell, the price will fall sharply. In fact, this is the stupidest thing to do, because many people either don’t have any goods at all, or they are trying to fool the newbies and create panic so that you will dump the goods, that is, let you sell at a low price. Some people can’t stand the fright and quickly sell all the goods in their hands. After you sell, those people will take the goods at a low price. You sell at a low price and lose a lot of money, while the dealer and the people who create panic and take the goods at a low price will make money. When it comes to cryptocurrency trading, the suggestions given by others are always just suggestions. The key is to make your own judgment.
