Hello everyone, I am a newcomer who just entered the industry. A friend introduced me to the world of Web3 and recommended a certain cryptocurrency, saying it has good growth potential in the future. She guided me step by step through the process, and I followed her approach to buy in, investing a total of 11,000 USDT. To be honest, I am still a bit confused and don't quite understand many mechanisms in the crypto space. For example, how to analyze fundamentals, when to add to my position or take profits, etc. I am still exploring these areas. I hope everyone can help answer my questions and I also want to hear your opinions on this type of investment. As a beginner, I seek your guidance. Thank you!
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ChainMemeDealer
· 8h ago
Following the trend to buy coins always ends with the same outcome, buddy.
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MEVEye
· 9h ago
Friends recommend investing 11,000, and they really have some guts.
Following the trend to buy coins is the easiest way to get trapped. Did you understand the fundamentals before going all in?
Is 11,000 enough to cut losses? Ask yourself.
Adding positions and taking profits don't have fixed answers; it's all about luck and timing.
Instead of asking here, it's better to do your own research first.
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SandwichTrader
· 01-10 15:58
Buddy, your friend recommended going all in directly, that's a bit reckless.
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Followed someone with 11,000... that's a typical blind buy, wake up.
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Entering the market without looking at the fundamentals, isn't that gambling?
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Heard many stories of regret, hope you're not the next.
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Take profit and stop loss on your own, don't rely entirely on others' guidance.
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The crypto world is deep, playing like this as a beginner will eventually be a trap.
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TokenToaster
· 01-10 15:56
10,000 USDT follow the trend to buy? Bro, you're gambling, not investing.
Friends recommend it, then just throw money in. I've seen this trick too many times.
Don't even understand the fundamentals and start increasing positions or taking profits? First, do your homework thoroughly.
In the crypto world, if you haven't researched, don't mess around blindly.
Listen to me, research first, then act. Don't let friends' recommendations turn you into a leek.
Posts like "Help me check" are usually about harvesting leeks later.
Adding to positions and taking profits? First, stay alive, bro.
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VitalikFanboy42
· 01-10 15:36
Following the trend to buy coins and still ask about fundamentals? Bro, you've got the order mixed up.
By the way, is your friend reliable? Do they really understand or just copy and paste?
11,000 USDT isn't a small amount in the crypto world. It's recommended to do your own research before making a move, don't just rely on others' hype.
As for taking profits, there's no absolute answer. It depends on whether you can accept losses.
Anyway, my first time entering the circle was like that. Thinking back now, I feel a bit scared.
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TokenStorm
· 01-10 15:34
I'm very familiar with the pattern of blindly buying coins. To put it simply, it's just gambling on friends' luck. I don't look at on-chain data at all, nor do I check technical analysis. The risk factor is just...
1.1 million USD entry without a stop-loss? Bro, you're sleeping in the eye of the storm. I bet you're already trapped.
Actually, for beginners, fundamentals are like a mystery book. It's better to learn how to read K-line charts and backtest, at least to feel the whole process of being harvested.
The best outcome of a coin recommended by friends is that she doesn't even know what she bought. Anyway, I never read the white paper before going all-in.
It's a bit late to ask for advice now, but better late than never. I suggest calculating the liquidation price of leverage first, so you have a bottom line in your mind.
Hello everyone, I am a newcomer who just entered the industry. A friend introduced me to the world of Web3 and recommended a certain cryptocurrency, saying it has good growth potential in the future. She guided me step by step through the process, and I followed her approach to buy in, investing a total of 11,000 USDT. To be honest, I am still a bit confused and don't quite understand many mechanisms in the crypto space. For example, how to analyze fundamentals, when to add to my position or take profits, etc. I am still exploring these areas. I hope everyone can help answer my questions and I also want to hear your opinions on this type of investment. As a beginner, I seek your guidance. Thank you!