🔥A must-read for newcomers in the crypto world! Summary of 4 major death traps from blood and tears!
When first entering the crypto space, one often fantasizes about getting rich quickly
Until paying N waves of tuition fees to understand——
The survival rule in the crypto world is not about "how much you earn"
but rather how many pitfalls you can avoid!!
❌Pitfall 1: Newbies playing contracts = giving away money
The temptation of high leverage is like poison
The result of chasing highs and lows is just one word: explosion!
✅Survival guide: Start with spot trading, understand the rules before touching contracts!
❌Pitfall 2: Choosing shady exchanges for cheap fees
Fees that are ridiculously low?
Be careful, you might not be able to withdraw your principal!
✅Survival guide: Stick to major platforms like Binance, Bitget, etc.
Download from official channels to prevent phishing websites!
❌Pitfall 3: Following the trend and becoming a bag holder
Seeing the price of coins skyrocketing and jumping in?
Congratulations, you successfully stood at the top of the mountain feeling the wind!
✅Survival guide: Hot trends ≠ opportunities
Learn to analyze independently, don’t be the last one holding the bag!
❌Pitfall 4: Trusting get-rich-quick schemes and investing in vaporware
No project, no team, no application
All relying on hype to pump the price are scam coins!
✅Survival guide: Check the whitepaper, look into the team's background
Don’t touch projects without real strength!
💡Finally, a word for newcomers:
Every penny you earn is a realization of your understanding
Every penny you lose is a tax on your intelligence
Don’t rush to go all in!
Test the waters with small funds, safety first!
The crypto world is not short of opportunities, but lacks clear-headed minds!
