How to reduce risk and how to enter digital currency such as Bitcoin (BTC)
With the increase of the blockchain's popularity, Bitcoin has been more and more accepted by the masses. The digital currency represented by Bitcoin has also become the investment target of many investors. However, the foregoing explains that the currency circle has risks and investment. Be cautious.
However, the author is still optimistic about the development of blockchain, and then is more optimistic about digital currency. Maybe digital currency is unlikely to become a real currency, but relying on the development of blockchain technology, it may be a very good investment. ".
So how do you enter digital currency? How can the risk of investment be reduced when price fluctuations are so intense and scammers are rampant? This article takes Bitcoin investment as an example to analyze one or two.
The first investment is to hold first. It is the most labor-saving to buy from the OTC. Take the BTBTOP trading platform as an example. Since the seller who sells Bitcoin has already hosted the currency to the platform, it only needs to purchase the order directly. After paying to the seller, you can receive Bitcoin, and the exchange does not charge advertising fees, only charge transaction fees, so you can also publish your own purchase ads, no matter which way, the first step, first buy Bitcoin.
Secondly, we divide Bitcoin investment into long-term and short-term. If you think the most important investment strategy is to never get off the bus, be optimistic about Bitcoin, and prepare for long-term holding, then you should do well. For a protracted war, don't worry about fluctuations. The best way is to buy coins and coins, and block the private key for 10 years. Then you don't need to continue to look down.
If you can't accept such a long-term investment strategy, please continue to look at some small investment strategies.
The first thing to invest is to consider the issue of hedging. Bitcoin is generally traded in 24 hours, and the price is also fluctuating in 24 hours. Therefore, when we rest at night, there may be a sharp drop, and the price of USDT is linked to the US dollar. It is relatively small, so it is necessary to consider the value of the value when it is foreseen that we may fall sharply when we are not paying attention. We may consider replacing it with USDT for value preservation.
There is a small skill here. It is necessary to pay a fee for currency transactions. If you frequently change the USDT for value preservation, you may lose a lot of fees, so we can choose the legal currency transaction value. For a simple example, BTBTOP There is no charge for directly selling Bitcoin without advertising, so I can sell Bitcoin directly in the legal currency trading area of ​​BTBTOP, and then directly purchase USDT with the received RMB. The transaction of BTBTOP is very fast, usually 3 minutes. The above operations can be completed without substantial cost loss. Of course, the operation is a little more troublesome than the currency, but the value loss is very small.
In addition, novices have just begun to recommend popular digital currencies such as Bitcoin and Ethereum, and do not recommend to participate in some new coins. Of course, these currencies may rise in a short period of time, but they will also fall for a short time and it is very difficult to control. And if you buy it on some large exchanges, such as Firecoin and OKEX, it is recommended that you don't be exposed to the exchange's advertisements, website guides, and direct participation in new currencies and futures trading, because you will find the coins you hold. If it is not quickly closed, or if it is paid a fee. In particular, futures trading is a kind of gambling game. If you earn a trade, you will lose money, so you have to start trading at the exchange.
Another point, if you plan to invest in some bitcoin, then I suggest you not to change the exchange frequently. I think the example of BTBTOP is the exchange that the author is using now. Although it is new, it can still be bought quickly and can be sold quickly. Can meet the author's needs, so the author basically does not change the exchange, because the exchange is required to pay the cash withdrawal fee, BTBTOP is good, only 0.001 bitcoin, is also 60 dollars, like some big exchanges moving 0.0015, 0.002 or even 0.0025 withdrawal fee, especially for the new entry of Xiaosan, you may find that your currency is a lot less when you transfer a few transactions (the big one please go away).
When investing, you need to look at the price in real time, because it may take 1 hour, and the 10% drop will come. Therefore, the first point of the author is the concept of maintaining value, and also proposes a small value-preserving technique to reduce losses. If you don't want to look at the market and want to invest in Bitcoin, it is recommended to be prepared for long-term holding!
Finally, investing in bitcoin is focused on the mentality because its price fluctuations are more intense. If the mentality is not good, it is not recommended to play this game. If it is intended for short-term users, it is recommended to have a basic take-profit value. Concept, set a goal to make money, don't think about getting rich 100 times in the short term, 10% of the profit target is reasonable, go to the heart price to cash out, if the price falls more than expected, also change the USDT for protection, or replace it Be prepared to hold for a long time, don't watch.
Once again, the currency circle is risky and investment needs to be cautious.
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