Beginners entering the cryptocurrency space should pay attention to the following points:
1. Cognition & Mindset
• Do not fantasize about getting rich overnight: While some people get rich in the cryptocurrency space, most lose money; to make money in the long run, a correct mindset is essential.
• Be prepared for losses: The market is highly volatile, and beginners often pay 'tuition fees'; view losses as growth costs.
• Stay away from emotional trading: Panic selling and FOMO (fear of missing out) are major reasons for losing money; set a plan before trading and strictly execute it.
2. Trading Strategy & Money Management
• Enter with light positions, avoid all-in: Do not invest all your funds at once; build positions gradually to reduce risk.
• Use leverage wisely: Beginners should try spot trading first; contract trading is high risk, and it is advisable to practice before attempting, to avoid high-leverage liquidation.
• Learn to set stop-loss and take-profit: Losses are not scary; what is scary is being unwilling to stop losses; profits should have a plan, do not be greedy and fail to exit.
3. Choose Trading Platforms & Account Security
• Choose reputable exchanges: Such as OKX, Binance, etc., to avoid small exchanges running away or issues with fund security.
• Diversify fund storage: Coins held for the long term can be stored in cold wallets (like Ledger, Trezor), while funds for trading can be kept on exchanges.
• Protect account security: Use strong passwords, Google authentication (2FA), do not click on unfamiliar links with small amounts of funds, to avoid phishing.
4. Learn Basic Technical Analysis & Trading Skills
• Learn to read candlesticks, moving averages, MACD: Basic indicators can help you judge trends; if you don't understand, start with the simplest.
• Pay attention to market sentiment and fund flows: Bitcoin's trend determines the entire market; USDT premium and fund flows are also important signals.
• Familiarize yourself with trading time slots: For example, there may be spikes between midnight and 1 AM, direction is easily confirmed between 6-8 AM, and major impacts occur after 5 PM during US market hours.
5. Understand Market Cycles & Hot Narratives
• The rhythm of bull/bear markets: Make money in a bull market, preserve capital in a bear market; learn to identify market cycles, accumulate capital during bear markets for greater returns in bull markets.
• Keep up with hot narratives: The market always has hot topics for speculation, such as Meme, AI, RWA, etc., and short-term funds will concentrate in these areas.
• Read more information but do not blindly follow: Pay attention to Twitter, Binance announcements, and project developments, but do not easily trust KOL recommendations, as many are just harvesting profits.
6. Low-cost entry methods
• Participate in airdrops: A low-risk way suitable for beginners, such as engaging with new projects, testnets, etc., which may yield high airdrops (examples include APT, ARB, etc.).
• Regularly invest in mainstream coins: If you do not want to trade frequently, you can regularly invest in BTC and ETH; they remain quality assets in the long run.
• Small funds for short-term speculation: If beginners want to play short-term, they can practice with a small amount of funds (for example, 100-500 USDT) to find a rhythm that suits them.

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