First, divide the money into three parts, and learn to feel the market; I will tell you how to use them.
Keep your mindset right, don’t think about making 10 times or 100 times as soon as you start. That is unrealistic.
A part of the money is used for learning about airdrops, participating in new projects, and other on-chain operations.
Many newcomers have added me, and most people’s first question is how much money can be made in the cryptocurrency space. Honestly, hearing this question leaves me a bit speechless. In the cryptocurrency circle, indeed many people have made a lot of money and achieved a leap in social class, but will that be you as a newcomer?
Actually, for newcomers entering the cryptocurrency space, the first thing they should think about is risk, not how much money to make. They should consider how much money they are investing in this project, what will happen if they lose that money, and how it will affect their life and to what extent.
For beginners, the initial step into the circle is to grasp the most basic knowledge, such as registering on exchanges, recharging, withdrawing, and transferring funds, how to add networks in the MetaMask wallet, how to find the contract address of tokens, and how to add tokens in the wallet using the contract address.
For example, newcomers entering the Bitcoin ecosystem first master the installation, recharge, withdrawal, and transfer of wallets like Unisat, Xverse, and OKX, how to switch the address types of these wallets, how to switch between mainnet and testnet, how to participate in new inscriptions through platforms like ID and GeniiData, how to buy and sell BRC20 tokens on Unisat and OKX markets, and how to find and trade NFT collections in the trading market.
As a newcomer, these need to be practiced in real operations. When there are projects, you can first use small amounts of money to experiment and participate with a zero-based learning attitude to gradually accumulate experience. If you come in thinking about how much money to make right away, a newcomer, if they do not improve their execution and learning, even if they happen to make some money now, they will eventually lose it back due to an unstable foundation or other reasons.
A part of the money goes to 'trial and error,' you can try altcoins, attempt to open contracts, and trade short-term; this part of the money is used to pay tuition, teaching you to respect the market.
As long as you are a newcomer who has just entered the circle, too many 'good-hearted people' will privately message you to take you to play.
Novices are the most favored by scammers, because they have many questions, only scammers will patiently answer them. Scammers have the greatest tolerance for them, as they are immediately focused on their wallets.
Some will directly take you to play with meme coins, telling you about some coin, most of these are self-issued scams, which have already formed a complete coin issuance assembly line.
Moreover, you may see some trading teachers showcasing contract profits, and when you see someone displaying returns of several times or dozens of times, you get tempted and want to trade contracts.
Congratulations, you will at least have to pay a lot of tuition in contracts.
Some scammers create paid contract groups; when you ask, they will say it costs 2000 USDT for a month to join, or 500 USDT for a month to join. Some might even say for a year.
Saying one year in this way definitely indicates a rookie, someone who has never played before, because no one would stay in a contract group for a year; they would definitely lose everything by then.
There are still some, the group is free, but you must use his invitation code to register an account, and you must have trading funds, as they will verify the capital. Then they will show you off, and you won't be able to resist recharging and trading. Then your transaction fees will have rebates.
What you earn is just your trading fees; if they are even more unscrupulous, they may lead you to small exchanges to jointly incur losses.
I previously saw an article stating that an ordinary person exploring by themselves needs at least three cycles to start making money.
In the first cycle, you watched various get-rich myths, entered the market with full confidence, and those with a high risk tolerance even borrowed money. But in the end, you basically cannot hold onto your wealth, being taken away by various tricks and traps.
In the second cycle, you have learned from the lessons of the previous cycle, mastered basic operations, understood candlesticks, volume and price, learned the basic cycles, and you have learned to diversify your investment.
When the bull market arrives, you watch the coin prices rise with the market sentiment, feeling extremely excited; your positions start to double, you taste the sweetness of making money, and you think it will continue because market sentiment is still optimistic. But then the bear market unexpectedly arrives, and you haven't learned how to sell, so you will likely go through a roller coaster ride with the market.
By the time you reach the third cycle, you may learn how to make money in this market.
These three cycles are hard to deviate from unless you can follow experienced people, but that's very difficult.
With the last part of your money, only then should you invest regularly, or participate in new projects, earn from airdrops, and arbitrage for profit. This is where you start making money.
The cryptocurrency circle is indeed one of the best ways for ordinary people to turn their fortunes around, but it doesn’t mean that the process is smooth. The essence of life is ups and downs, with gains and losses; what remains unchanged is continuous learning, filling in knowledge gaps, letting go of prejudices, and making money is just a matter of time.
Still, the same saying: If you don't know how to operate in a bull market, click on my profile, follow me, for planning in spot trading during bull markets, contract secrets, and free sharing.
I need followers, you need references. Guessing is not as good as following.
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