A must-read for beginners in the crypto world! Five major traps, how many have you fallen into? Attention, newcomers to the crypto world! 🎯

Making money in crypto is fast, but there are also a lot of pitfalls!

Today, I’ll summarize 5 of the easiest traps to fall into, quickly take note, and don’t be a victim anymore! 🌱

1️⃣ Blindly following the trend to buy coins

Seeing others flaunting their profits makes you excited?

Don’t rush! Many coins are 'air coins', they rise quickly but fall even faster!

📌 Suggestion: Research the project background first, don’t just look at the K-line chart and jump in!

2️⃣ Trusting 'inside information'

'A friend of a friend said there’s inside information, guaranteed profit!'

Wake up! If there really was inside information, would it come to you?

📌 Suggestion: Don’t be greedy, there’s no free lunch, only traps will fall from the sky!

3️⃣ Going all in with all your funds

Jumping in with an all-in approach?

Crypto has big fluctuations, it can teach you a lesson in an instant!

📌 Suggestion: Diversify your investments, don’t put all your eggs in one basket!

4️⃣ Not knowing how to set a stop-loss

Holding on stubbornly despite losses, hoping to break even?

In the end, you’ll lose even more, and your mentality will collapse!

📌 Suggestion: Set a stop-loss point, preserving your capital is the key!

5️⃣ Ignoring security risks

Storing private keys carelessly, using simple passwords for exchanges?

Be careful, your assets could evaporate overnight!

📌 Suggestion: Use a hardware wallet, make your passwords complex, don’t be lazy!

💡 Summary: There are risks in the crypto world, be cautious when entering!

Don’t just look at others making money, learning to avoid pitfalls is the serious business!