Quickly Avoid Pitfalls in the Cryptocurrency World!

When you first enter the cryptocurrency world, don’t naively think that—just by choosing a ‘rising coin,’ you can become rich overnight!

What really determines whether you can make money is how many pitfalls you avoid.

4 Common Big Pitfalls:

1. Advice: Absolute beginners should start with spot trading to understand the basic rules before considering futures; don't gamble your life right from the start.

2. Going for cheap deals at unknown exchanges, your assets get hacked. They look like they have low fees but are not legitimate at all. Once withdrawals become difficult or they run away, you won’t even have a place to file a complaint. Shady exchanges can do a lot of harm!

Advice: Only use mainstream exchanges like Binance, Huobi, OKEx, etc.

3. Hearing a rumor and blindly chasing trends. Seeing a coin suddenly jump by 10%, and everyone in your social circle is talking about it, you rush in, only to buy at a high point and get stuck.

Advice: Trend ≠ Opportunity; you must have your own judgment and not be the last one holding the bag.

4. Being fooled by “XX coin will skyrocket soon,” investing in worthless coins. Scam coins have no projects, no teams, and no use, relying solely on a bunch of people making noise and drawing unrealistic prospects, leading to a mess.

Advice: Check the background of the coin first; team + whitepaper + real application are all essential.

Finally, here’s a saying for every beginner in the cryptocurrency world: “The money you earn is the reward for your understanding; the money you lose is the tuition you pay for your understanding.” You can take it slow, but don’t rush in blindly! I am Yuan Ge, skilled in medium to short-term futures and medium to long-term spot layout, sharing investment tips daily and detailed strategy teaching points. #币圈暴富 #加密市场回调 #美国5月核心PCE物价指数 #下一任美联储主席人选