(Blood and tears lesson! I spent hundreds of thousands in tuition to understand the 5 major schemes of the crypto world)
When I first entered the crypto world, I thought 'finding a hundred times coin would make me rich', but later I found out—
The real secret to making money in the crypto world is how many scythes you can dodge!
5 life-saving rules earned with real money, suggested to be engraved on your forehead👇
💀 Fatal pitfall 1: Learn to get rich from 'signal teachers' → Actually learning to become a head donor
(Those 'teachers' showing profit pictures either earn your trading fees or use your principal to pump and dump. Those who can truly profit steadily should have already reached Forbes, who still stays up late shouting calls in a group?)
✅ Solution: Treat any call group as a 'reverse indicator', doing your own research on white papers + on-chain data is the way to go.
💀 Fatal pitfall 2: Newbies start with contracts → Quick path to bankruptcy
(Leverage is the joint harvester that institutions use to harvest retail investors, 10x leverage means a 10% fluctuation leads to liquidation. Exchanges love this kind of 'human fuel')
✅ Solution: Practice with spot trading for over a year. Remember: Those who haven't experienced bull and bear markets are not qualified to touch contracts.
💀 Fatal pitfall 3: To save on fees, go to sketchy exchanges → Save small money and lose principal
(Common tricks of small exchanges: sudden liquidation, withdrawal review, sudden maintenance... eventually even customer service disappears)
✅ Solution: Only trust the three major exchanges: Binance/OKX/Coinbase, and make sure to use official links when registering (to prevent phishing)
💀 Fatal pitfall 4: Mindlessly chasing hot spots → Successfully becomes a bag holder
(When you see news about 'certain coin skyrocketing', the big players are already counting money. Remember: Bull market news is a selling signal)
✅ Solution: Build your own observation list, and ambush projects with substantial progress in advance.
💀 Fatal pitfall 5: Believing in 'immediate pump' air coins → Principal turns into a commemorative coin
(Classic phrases of projects with no information: 'On the exchange next week', 'Big shot is about to enter'. In reality, even the code is plagiarized)
✅ Solution: Use three major filters to screen projects:
Is the official website/GitHub continuously updated?
Is the on-chain trading volume real?
Is the community discussing technology or price?
🔥 Ultimate survival rule (recommended to set as your phone wallpaper):
"The most expensive tuition in the crypto world is 'I thought I could make quick money'
Slow is fast—first test with money you can afford to lose
When you are no longer controlled by FOMO emotions
is when you truly start making money"
