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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
The Crypto Assets market is tempting for many, but as a Newbie, rationality and caution are the primary principles. We recommend dividing your investment funds into three parts, but before that, the most crucial thing is to learn to sense market trends.
When first entering this field, do not have unrealistic expectations. Many newbies often ask how much money can be made, but there is no standard answer to this question. Although there are indeed individuals who have achieved rapid wealth growth in this market, such cases are not common for investors who are just entering.
As a Newbie, the first thing you should consider is risk management. Before investing in any project, ask yourself: How much would it impact my daily life if this investment were to lose everything? This self-assessment helps you better control the scale of your investments.
For Newbies, mastering basic operational skills is crucial. This includes but is not limited to: becoming familiar with the registration processes and deposit/withdrawal operations of major exchanges; learning to use various wallets, such as MetaMask (commonly known as the little fox wallet), understanding how to add networks, find contract addresses, and add tokens; if venturing into the Bitcoin ecosystem, it is also necessary to be familiar with the usage of specialized wallets like Unisat and Xverse, and learn to participate in new project subscriptions or trading on different platforms.
These skills need to be mastered through practical operation. It is recommended to try with a small amount of funds when participating in real projects, maintaining a "learning first" mindset to accumulate experience. If you do not focus on improving practical operational abilities and continuous learning, even if you are lucky and make a profit temporarily, you may ultimately incur losses due to insufficient understanding.
We recommend dedicating the first portion of funds specifically for "trial and error learning". You can try participating in some small-scale crypto assets projects, experiment with contract trading, or engage in short-term speculation. This part of the investment may incur losses, but view them as tuition fees; through these experiences, you can genuinely experience market risks and cultivate your investment intuition.