Starting from Scratch | 5 Survival Tips Every Newcomer in Crypto Should Learn
Content:
1. Be a Student First, Then a Gambler
Systematically learn blockchain principles, candlestick charts, and mainstream cryptocurrencies (BTC/ETH) knowledge. Reject "insider information" and "100x coin" scams. It is recommended to establish a cognitive framework through platforms like CoinMarketCap and Binance Academy.
2. Use Spare Money to Start, Set Automatic Stop-Loss
Initial investment should not exceed 5% of total assets, adopting a "one-third rule": 1/3 for testing + 1/3 for regular investments + 1/3 for flexibility. Exit immediately if losses reach 10%, and take profits in batches if gains reach 30%.
3. Choose Platforms Like Choosing Allies
Prioritize using top exchanges like OKX and Binance, complete identity verification, and enable 2FA. Transfer large assets to hardware wallets (like Ledger), and never connect private keys to the internet.
4. Stay Away from Leverage, Focus on Spot Trading
The liquidation rate for contracts exceeds 90%; beginners are advised to only engage in spot trading. Regularly invest in mainstream coins (BTC/ETH) to smooth out volatility, with monthly investments not exceeding 10% of income.
5. Mindset is More Important Than Technique
Reject FOMO and chasing prices; do not panic sell in a bear market. Develop a trading plan and strictly follow it, reviewing and optimizing strategies monthly.
Risk Warning: This article does not constitute investment advice. Please practice on compliant platforms before real trading.
