For newcomers who want to enter the cryptocurrency market, the following knowledge must be understood;

Entering the crypto space only requires 100U or 1000U, don't think you can make a lot of money right away. There are many people in the crypto space who started with very small amounts of capital. If you don't play well in the crypto space, no matter how much money you have, it's just a bubble. If you play well, even a small amount of money can quickly grow. Anyone who takes you to trade contracts just wants to eat your losses and get you to follow their trades on their small exchange platforms; such people should be directly scolded.

There are many ways to play in the crypto space: contracts, leverage, spot trading, DeFi, meme coins, blockchain games, NFTs, new projects, airdrops, staking, etc. Entering the crypto space is not about exploring every skill tree; it’s about making money. There’s no need to participate in every track, as this will certainly lead to more losses than gains. Choose a track that suits you, understand it thoroughly, and focus intensely to make money. Accumulating valuable coins during a bear market and being present during a bull market is the highest probability way to make money, albeit the slowest. Trading contracts has the lowest probability of making money, but the fastest speed. These cognitions must be understood. Misconceptions to avoid when entering the crypto space include chasing prices, going all in, blindly following the crowd, frequent trading, and blind confidence.

Good habits to maintain as a newcomer to the crypto space include having an open mindset, respecting the market, learning to discern, actively learning, enhancing your understanding, and bravely taking the first step.

The crypto space is the closest place for ordinary people to their dreams, but it is also the closest to the abyss. It is the place where ordinary people are most likely to achieve social mobility.

The crypto space is never short of opportunities. When opportunities arise, are new investors ready? Can they recognize them and seize them in time?

In the crypto space, patience and execution are always the top priority. To become a big player in the crypto space, deep research, clear information, patient waiting for the right moment, and swift action are essential lessons. Crypto novices should conduct a comprehensive self-assessment, adequately prepare for risk management, and be mentally prepared for total loss.