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They are at a loss. In fact, to accumulate your first pot of gold in the crypto space,
It doesn't require complex operations. The following 8 key steps can
Help you gradually achieve wealth growth.
1. Choose the right track: Start with mainstream coins
If you are a newcomer, it is recommended to start with Bitcoin (BTC) and Ethereum
(ETH) to start.
Bitcoin is the cornerstone of the entire crypto market, and in the long run, it still is.
have significant growth potential.
Ethereum, as the leader in smart contracts, is involved in almost all
DeFi and NFT projects rely on its ecosystem for development.
Advice for newcomers: Don't start by investing in small coins, but first
Gain experience from mainstream assets.
2. Adopt a dollar-cost averaging strategy (DCA) to reduce investment risks
The market is highly volatile; dollar-cost averaging can help you average out costs and reduce short
The impact of price fluctuations.
Practical methods:
Set aside a fixed amount of 500-2000 yuan each month to regularly buy BTC or
ETH, regardless of whether it rises or falls, stick to your execution.
In the long run, your average holding cost will be lower than a one-time purchase.
Low, more stable returns.
3. Diversify investments and allocate assets reasonably
Avoid going ALL IN on a single coin; reasonable allocation of funds can reduce risks. Recommended investment ratio:
50% Mainstream coins (BTC, ETH): Hold for the long term
30% Stablecoins (USDT, USDC): Reserve funds, waiting for better buying points
20% Potential small coins (SOL, AVAX, etc.): Appropriately participate in high-growth tracks
4. Pay attention to market cycles to avoid chasing highs and cutting losses
The crypto market usually operates on a cycle of 3-4 years. A bear market is an opportunity to buy, while a bull market is a time to sell.
Smart practices:
Buy in batches during a bear market, rather than chasing highs when the market rises.
Sell in batches during a bull market to avoid missing out on high points.
5. Avoid high-risk operations and protect your principal
Avoid high leverage: While leveraged trading can amplify profits, losses can also be magnified, making it easy for newcomers to get liquidated.
Don't blindly follow the trend in investing: there are many market hotspots, but many projects are short-lived. Always do your homework before investing.
6. Participate in staking and DeFi to earn passive income
If you hold BTC or ETH for the long term, consider staking or DeFi lending a portion of your assets to earn extra interest income.
7. Stay updated on industry trends and continuously learn
The crypto space changes quickly; continuous learning is key to long-term survival. This can be done by: following crypto news, KOL analysis
Engage in community discussions in the crypto space to learn investment experiences
8. Maintain patience and set long-term goals
Investment is not about getting rich overnight, but a long-term process. If you want to make a million in the crypto space, the most important thing is patience + discipline. Stick to your strategy and don't let short-term fluctuations affect your decisions.
Summary: For newcomers to succeed in the cryptocurrency space, the key is to choose the right assets, adopt a dollar-cost averaging strategy, diversify investments, grasp market cycles, and control risks. As long as you can stick to your execution, accumulating your first pot of gold is not out of reach in the long run
