Here’s what helps newcomers to the market understand and be able to go with the Crypto market:
The majority of new investors investing in the Crypto market are psychological FOMO, looking to the market with the dream of getting rich, financial freedom, making easy money but “Getting rich is not for the masses”. Undeniably, in order to achieve personal financial security and freedom, you must participate in the financial market and the Crypto market is also an opportunity. But to do that, new investors need to have enough courage and capacity. Invest wisely.
Understanding Crypto market overview:
Note: As long as you do not understand the overview of the Crypto market or all other types of markets, do not care about outside invitations. The market is still there – the opportunity is still there. Remember that the cruel nature of financial markets is that “Your loss will be someone else’s profit”. And if you don’t understand, don’t be greedy.
In any market there are different positions for investors to enter. Please choose the right position of yourself want to participate in the market. Clearly define for yourself what you want to achieve in the market. If you are a newbie who just wants to invest for fun and the amount of capital you spend is not large compared to you, you can experience it. But if you are determined and put all the accumulated capital to be able to change your life, you need to learn because this money does not allow you to make mistakes. Be responsible with your money.
Positions in the Crypto market:
- Floor owners: Those who open the exchange, income from the profits of the transactions of the groups below.
- Project Owner: Crypto development teams, making profits from those who invest in that Crypto.
- Investment Fund: A group of investors forming a community, potentially earning profits from investments.
- Holder: Investor, buy and hold potential Cryptos for a long period of time.
- OTC: People who buy and sell exchanges, providing USDT to investors and traders.
- Trader: Trader, making a profit from the times he participates in the trade.
- Determine market entry position.
- Understand market psychology.
- Define speculation or investment.
- The right mindset to invest.
Note: Do not rush to enter the market, the more you know, the higher the psychology of wanting to enter. Remember that defining who you are, especially in a new field like this is definitely not to be missed. Although you may be a professor with a doctorate in another field, when you change to a new environment, you will start to become a completely new person again. Choosing the right position, you can already put a hand on the crown.
Chapter 3: Knowledge
Remember that investing in “knowledge” is a super profitable investment. In investing, keeping money is a success, two basic rules that new investors must remember are “make money” and “keep money”. Because if there is no money, what to invest and make money without keeping money, then it is back to the loop of money management. Determine your own money source, determine your participation position, then learn, search and develop an effective investment strategy that is right for you.
Note: There is a lot of knowledge that new investors need to know. The above is just the bare minimum of things new investors need to know before entering the Crypto market. If you’ve identified your own niche in the market, keep digging into it. You can only tell if you are in profit or loss when you exit the market, and everything you see on the screen is just numbers. The knowledge you need to learn is a lot, understand it well, don’t be in a hurry. If you decide to come here with the will to change your current life, be fully equipped with knowledge and bravery and when the time comes, it’s time for you to develop.
Chapter 4: Experience
Growing up step by step in the market, surely in any investment field you will have to win and lose sometimes. Apply what you have learned and experience in practice to draw out the knowledge for yourself. There will not be any holy grail in the market, profit always comes with risk, the important thing is the art of handling when the market has strong fluctuations to be able to minimize risks and increase chances profit.
- Step by step experience to improve self knowledge.
- Regularly monitor the market.
- Analyze and comment on market trends and movements.
- Applying the right strategy and goals creates discipline when entering the market.
Note: If you understand, invest, if you don’t understand, don’t be greedy, expect luck. You can see out there fairy tales like spending $1000 to earn tens of millions of dollars, but in reality, are you sure that when your account increases to $3000-$4000 you still haven’t sold? Present vision determines the future. Invest with idle money, even if you lose you, it’s okay, investing is the story of getting rich, remember that “Warm your stomach and then talk about getting rich”. And if you are a newcomer to the market for money, this market is not for you. Financial investment in general and with the Crypto market in particular is a long-term journey. There has never been a case of a successful shortcut.
Ask yourself the question: “What is the purpose of my coming to this market?”.
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