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In the field of Crypto Assets, true success often lies in humility. Those who claim to have made huge profits may not be as successful as they say. In reality, the market environment is always changing, but certain fundamental principles remain constant.
As a novice investor, your primary goal should be to survive in this highly volatile market. If you feel confused, consider using these suggestions as a starting point for your trading journey. Remember, participating in Crypto Assets trading should not be about getting rich quickly, but about surviving in this market for the long term.
For those considering entering the Crypto Assets field, the following information may be helpful:
First, understand the essence of Crypto Assets trading. Its core principle is similar to trading stocks or collectibles, which is to buy low and sell high. For example, if you believe the price of Bitcoin will rise, you can buy at the current price and then sell for a profit after the price goes up. However, the Crypto Assets market has its unique aspects: it operates around the clock with no closing hours, meaning you can trade at any time, but it may also lead to sleep issues. Additionally, price fluctuations are extremely volatile, with prices doubling or halving within a day being not uncommon, which requires investors to have strong psychological endurance.
Secondly, choosing the right trading platform is crucial. New investors should keep the following points in mind:
1. Only choose large exchanges with high reputation and credibility. Platforms that rank among the top globally are usually more trustworthy.
2. Avoid using small or unknown exchanges, even if they offer attractive promotions. Some platforms may suddenly shut down or stop services, leading to loss of funds.
3. Complete the identity verification process. Although this may be a bit of a hassle, it allows you to obtain higher trading limits and more features, which are necessary for serious investors.
Please remember that the Crypto Assets market is full of opportunities, but it also comes with high risks. Before you start investing, be sure to conduct thorough research and risk assessment.