Whether you are a newcomer or someone who has been in the market for a while but feels 'lost in the fog,' mastering some basic knowledge and cognitive frameworks of the crypto space will help you avoid many detours.

The following five points are hardcore insights I’ve gained since entering the space through pitfalls and reviews👇

🔹 1. The crypto space ≠ stock market; volatility is the norm.

Don't view cryptocurrencies with a stock trading mindset. The crypto market trades 24 hours a day, with huge fluctuations that might make you experience 'financial freedom' and 'bankruptcy' three times in a single day. You must get used to extreme volatility to maintain a stable mindset.


🔹 2. Never go all in! Position management is the key.

Many people lose not because they misread the market, but because they can read it correctly and still lose—due to heavy positions, not stopping losses, and not averaging in. Experts in the crypto space always know how to build positions in batches and manage risks. Don't fight the market; stay alive to wait for opportunities.


🔹 3. Fees are not a small matter; in the long run, they are a big pit.

Once you go long, you'll realize that fees are the 'invisible killer.' If you don't bind a rebate account, you'll be cut a little each day; **over the years, it's not the market that causes losses, but the costs.** Rebates should be opened; don't be a fool.


🔹 4. Don't act rashly if you don't understand; be cautious with new coins and hot topics.

Don't rush into new projects; many coins you don't even understand the fundamentals. **DYOR (Do Your Own Research)** is an essential self-protection skill for everyone in the crypto space. Following trends is fine, but you need to know where the wind is blowing.


🔹 5. Preserving principal is always the top priority.

You can be wrong 100 times, as long as your principal is intact, there is a chance for recovery. **Real failure is not being trapped, but exiting the market.** Techniques, strategies, and vision can be slowly developed, but if the money is gone, there will be no chance to practice.


🌱 To summarize:

The crypto space is not a get-rich-quick game; it's a battlefield of cognition and execution. You don’t need to be very smart, just need to live long enough and make fewer mistakes.

If you are reading this, it means you are serious about investing.


📌 Please follow me, as I will share more practical knowledge, trading mindset, and rebate saving tips later, helping you to avoid detours and take the right path.


Feel free to engage in the comments; let's navigate the bull and bear markets more clearly together.

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