Enter the market with spare money, don’t borrow money to gamble your life! Use all the money for food and rent to gamble? Starve if you lose? Leveraged contracts are just to give the dealer a head. Just read the legend of Liang Xi, don’t get carried away!
Put real money in a cold wallet! The coins in the exchange are just numbers, they can disappear in an instant! Big money must be placed in a hardware wallet, and the private key must be handwritten 3 times and hidden in different places.
There is no such thing as a free lunch! Free airdrop? Check if it can transfer your coins at will! High-interest financial management? Check how big the pool is first. Be careful that you are after the interest, but others are after your principal!
Contracts are poison, spot trading is safe! 100x leverage sounds great, but it kills you faster than playing Russian roulette! 95% of the old birds who really survived only play spot trading.
The data on the chain doesn’t lie! Did the project’s wallet secretly transfer coins? Did the exchange suddenly flood with a large number of coins? Did a whale transfer a large amount of money? These data are much more reliable than what the big Vs say!
Save money in a bear market and spend money in a bull market! When Bitcoin falls badly, buy in batches; when it rises wildly, sell slowly. Only by going against human nature can you make big profits.
Don’t put all your eggs in one basket! 60% of your holdings are stable coins like PIXIN and ETH; 30% are leaders in popular tracks; and at most 10% are altcoins. Don’t hold more than 30% of your holdings in a single coin!
Stop loss and take profit should be mechanical! Cut losses immediately if you lose 15%! At least get your capital back if you earn 100%! Don’t fall in love with coins, emotionality will kill you quickly.
Dogcoin = Ponzi scheme! The market value of a small copycat coin is too small, and the project owner will run away faster than you! MEME coin? It’s just for entertainment, don’t take it seriously!
Be wary of those “experts” who post their orders! Those who really make money do so quietly, while those who post their profit charts every day are either trying to collect tuition from you or looking for someone to take over!
Good news is bad news, extreme panic is an opportunity! When good news comes out, it is often time to run; when the market is scared, it is actually a good time to buy. News is a tool for the market maker, not your compass.
Test cross-chain transfers with a small amount first! Transfer to the wrong chain, enter the wrong address, set the wrong gas fee... These low-level mistakes cost $1 billion every year! Try transferring some milk tea money first!
Learn in a bear market and make money in a bull market! Learn about wallet security, understand contract auditing, and learn about MEV attacks... These knowledge can save lives at critical moments!
Watch the market less and sleep more! Watching the K-line every day can easily lead to rash operations. The decisions that really affect making money are only a few times a month. Don't let cryptocurrency speculation delay your work!
Don’t rush into new concepts! IEO, NFT, blockchain games, metaverse... Every time a new thing comes out, more people lose money than make money! Wait until the excitement is over before you see it.
Keep your transaction records! Screenshots of deposits and withdrawals, transfer records, wallet addresses... all saved! What if you need to go to court someday?
There are many pitfalls in liquidity mining! Impermanent loss is no joke! If a 300% annualized mining pool collapses, your capital will evaporate faster than water!
Don’t believe in “inside information”! 90% of the “explosive information” on Twitter, WeChat groups, and Telegram is a smokescreen put up by the dealer! Believe the data on the chain and use your own brain!
Clean up wallet authorizations regularly! Authorizing every time you play a DApp is equivalent to having one more backdoor that can be stolen! Use revoke.cash to clean up every month to ensure safety!
Always respect the market! The most important thing! Things that you think are "impossible" will eventually happen! The market can cure all kinds of dissatisfaction!
There is no "wealth code" in the cryptocurrency world, only "survivor bias". Don't think about getting rich quickly, think about how to survive first!
Click on the avatar and follow DaD so you won’t get lost! The professional team will lead you through the fog of the market, and the opportunity to double your money is right in front of you.
