European and Italian coin speculation tutorial for beginners: 1. Understand the basics of cryptocurrency; 2. Research and understand different cryptocurrency projects; 3. Research and understand how the cryptocurrency market operates; 4. Learn how to evaluate and Manage investment risks; 5. Choose reliable cryptocurrency exchanges and digital wallets; 6. Understand the legal and regulatory requirements for cryptocurrency in your country or region; 7. Understand the volatility and uncertainty of the cryptocurrency market.
1. Basic knowledge of cryptocurrency: understand what cryptocurrency and blocks are The basic principles of blockchain technology, as well as the basic characteristics and terminology of the cryptocurrency market. (It is recommended to take the "Blockchain Technology and Application" video open class by Teacher Xiao Zhen of Peking University on Station B!)
2. Different cryptocurrencies: Research and understand different cryptocurrency projects, including Bitcoin, Ethereum and other important cryptocurrencies. Understand their characteristics, uses, and potential risks. (The non-small account has a detailed introduction to most currencies in the currency circle)
3. Cryptocurrency market: Research and understand how the cryptocurrency market operates, including exchanges, price fluctuations, market participants and investment Strategy. (Currently there are only 2 well-known leading exchanges in China. I have compiled some information on the advantages, disadvantages and differences between these two exchanges. Those who are interested can share it for free.)
4. Risk management: learning How to assess and manage investment risk, including diversifying, setting stops and understanding market volatility. (Risk and return are directly proportional in the currency circle!)
5. Security and protection: Pay attention to security issues, choose reliable cryptocurrency exchanges and digital wallets, and take necessary security measures, such as setting strong Password, enable two-factor authentication and back up your wallet regularly. (It is not recommended for newcomers to use wallets in the early stage! Those who need two-factor authentication tutorials can share them for free)
6. Legal and compliance: Understand the legal and regulatory requirements for cryptocurrency in your country or region, and ensure that you are operating legally and conduct transactions and investments within a compliant framework. (At present, there is no clear regulation in China that it is illegal for individuals to hold or trade cryptocurrencies, so newcomers should rest assured.)
7. Emotional control: Understand the volatility and uncertainty of the cryptocurrency market, and learn how to control emotions. And avoid impulsive investment decisions. (This is especially critical for contract users. Newcomers only recommend spot trading)
*USDT (Tether), a cryptocurrency. It is a stable currency with relatively small fluctuations. The exchange rate has an almost 1:1 relationship with the US dollar. It can be understood as a network dollar. Due to ZC issues, most cryptocurrencies cannot be purchased directly with CNY since 2017, so USDT is used instead.
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