Bro, before you enter the crypto market, I advise you to calm down for three minutes.
Do you think the crypto market is a paradise for doubling your money? But for most beginners, the moment they step in, they are already viewed as 'prey to be harvested'.
As a veteran player earning 5 million a year, today I won't boast or make empty promises; I’ll just share a few pitfalls that beginners easily fall into and how to avoid them.
First pitfall: Fantasizing about getting rich, diving headfirst into altcoins.
Many people are drawn in by hot posts like 'XX coin increased by 200% in 5 days' and can't help but rush into obscure coins they can't even pronounce.
And the result? You miss the ride when prices rise, and by the time you buy in, you become the bag holder.
✅ Correct approach: At the beginning, avoid coins you don’t understand. Focus on BTC and ETH, survive first, then talk about doubling.
Second pitfall: Not understanding position management, going all in and blowing up your account.
Many beginners go ALL IN as soon as they enter the market, even using high leverage contracts, betting on a double.
But you need to know that a 30% to 50% fluctuation in the crypto market is normal; going all in is betting your life, not your luck.
✅ Correct approach: Control your position size, invest no more than 20%-30% of your total capital at a time, build positions in batches, and always keep some powder dry.
Third pitfall: Trusting 'insider information', and ending up as the 'last bag holder'.
Have you ever encountered messages like: 'Dude, I have insider info, the next hundredfold coin is about to take off'? Don’t be silly, real information won't be shared with an ordinary person.
✅ Correct approach: Messages can be referenced, but actions rely on logic. Technical analysis, fundamentals, and market sentiment are what you should really study.
Fourth pitfall: Frequent trading, making money twice but losing it back ten times.
The most common issue for beginners: They can't stop themselves, chasing prices up, cutting losses down, resulting in always buying at high points and selling at low points.
✅ Correct approach: Beginners can use a 'dollar-cost averaging' strategy in the early stages, extending the time frame, only looking at daily or even weekly charts. Don’t think about day trading; that’s for the experts.
Fifth pitfall: Only wanting to make money but never learning.
Bro, I'm telling you the truth; I have blown up my account dozens of times and experienced the whole process from debt to wealth.
If you want to make money in the crypto market, the only thing you can rely on is not luck, but knowledge.
✅ Correct approach: Look more, ask more, practice more. Follow me, I share practical insights daily to help you avoid pitfalls and reduce unnecessary losses.
The cryptocurrency market is neither heaven nor hell; it is just a complex arena of rules.
You can be the prey or the harvester; the difference lies in whether you are 'blindly charging' or 'thinking critically'.
