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How do experts speculate on Cryptocurrency in the crypto world????
1. Don't borrow money for cryptocurrency speculation:
Cryptocurrency speculation is like riding a roller coaster, with great risks. Experts never borrow money to play this game, so as not to lose money and even can't afford to eat. It is most important to keep your wallet safe.
2. Playing coins with spare money:
The money for cryptocurrency speculation should be the one you don't need urgently. Don't risk your meal money. This way, even if you lose, it won't affect your life, and your mindset will be more stable.
3. Be patient and go for the big fish in the long term.
Experts don't play short-term, they know frequent buying and selling leads to losses. They prefer to hold long-term, fish for big fish, and believe that time can prove which currencies are really valuable.
4. No chance, just take a break:
If there are no good investment opportunities, they will wait patiently and not act rashly. Because they know that opportunities are for those who are prepared.
5. Don't rely too much on charts:
The colorful charts are useful, but not entirely reliable. Experts pay more attention to the overall market trends and the true value of the currency.
6. Stay away from junk coins:
They don't touch those that sound like altcoin, no name currencies, only invest in those with real materials and good prospects.
7, Currency Pairs for Big Dump:
Even if a coin is very tempting, they won't buy it if it has already experienced a big dump. Because they know that such a coin may never rise again.
8. Rest after the Bull Market is over:
After the Bull Market ends, they will stop and wait for the market to stabilize before seeking new opportunities.
9. Bet big when you've made a decision:
Once they find a good coin, they will not hesitate to invest more. Because they believe in their own judgment and believe that this coin can make big money.
10. Don't put all your eggs in one basket:
Even if they have 100,000 at hand, they won't invest all in one cryptocurrency. They will diversify their investments so that in case one falls, they won't lose everything.
11. Don't keep staring at it after you buy it:
After buying the currency, they no longer stare at the market every day. Because they know that short-term fluctuations are not important, what is important is the long-term trend.
12. Buy at a low price and wait for it to double:
They like to buy when the currency is cheap, and then patiently wait for it to rise. Their goal is simple, to double or even more.
13, both profits and losses should be planned:
They will pre-set when to stop loss and when to take profit. This way, they will not make the wrong decision due to greed or fear.