Mikemiky001
Bronze Bitcoiner
Bronze Bitcoiner
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What are the 8 principles of the currency circle that newcomers must see?

Thu May 13, 2021 5:05 am

8 Principles of the Currency Circle that Newcomers Must See

In the past two days, everyone in the currency circle should know that weird currency projects have risen to the sky, but those projects that really do things are falling. With this wave of market conditions, various strange projects have begun to burst out, attracting many newcomers from outside the circle to enter the arena.

Many newcomers have learned the "charm" of the currency circle in the past two days. Only today, there are 5 or 6 projects to return to zero. If you want to make money in the long run, you need to improve your awareness and stick to value investment. The currency circle is not as good as you think. Rich mentality is dangerous. Several currency circle principles were summed up by the way, hoping to help newcomers avoid stepping on pits.

To invest in spare money, remember not to borrow money for speculation, let alone stud. The nature of stud is an irresponsible performance. Currency investment is more risky. Apart from volatility, nothing can be guaranteed.

Don't invest in unfamiliar projects, do in-depth research before investing, what pain points the project solves, team background, investment organization, etc.

Control FOMO emotions (that is, fear of missing out). If the investment is for fear of missing out, then most of the transactions based on your intuition will make you regret it.

Have a long-term investment mentality, learn to invest regularly and learn to wait. The currency market fluctuates 24 hours a day. If you follow the 24-hour fluctuations, then your life will be chaotic.

It is difficult to distinguish between true and false news in the currency circle. You must learn to find the source news yourself and be familiar with the official Twitter community.

Seeing that the income is too high is just a plate. It may be a bit absolute to say this, but novices need to warn like this, there is no good thing about pie in the sky, otherwise it is difficult to resist the temptation.

There is no obvious watershed between investment and speculation. The important point is that every participant should be very clear about his own risk control and tolerance.

The last one, of course, is to stick to value investing and learn to get rich slowly. Watching others get rich overnight will make you feel uncomfortable and anxious, but who knows the true and false of getting rich overnight, and there are cognition, hard work and opportunities behind getting rich overnight, so what you need to improve as a newcomer is learning cognitive ability.

This wave of Dogecoin, Shitcoin and other currencies have soared once again to see the power of the phrase "xx consensus is also consensus".

Stick to value investing and reduce speculation. Blockchain is still in its early stage, many projects cannot be implemented, and there is no mature valuation system, so it can only be pulled by imagination; secondly, because the circulation of tokens is not restricted by geographical areas, the hype and intensity are far more intense than tulips. Violent and persistent.

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