Starting from Scratch | 5 Essential Survival Tips for Newcomers in the Crypto World
1. Be a Student First, Then a Gambler
Systematically learn blockchain principles, candlestick charts, and mainstream cryptocurrencies (BTC/ETH) knowledge. Reject "insider information" and "hundredfold coin" scams. It is recommended to establish a cognitive framework through platforms like CoinMarketCap and Binance Academy.
2. Use Spare Money to Invest, Set Up Automatic Stop-Loss
Initial investment should not exceed 5% of total assets, using a "one-third system": 1/3 for experimentation + 1/3 for regular investments + 1/3 for flexibility. Leave the market immediately if you incur a 10% loss, and take profits gradually at a 30% gain.
3. Choose Platforms Like Choosing Allies
Prioritize using leading exchanges like OKX and Binance, complete real-name authentication, and enable 2FA. Transfer large assets to hardware wallets (like Ledger), and never connect private keys to the internet.
4. Stay Away from Leverage, Focus on Spot Trading
The liquidation rate for contracts exceeds 90%, and beginners are advised to only trade spot. Regularly invest in mainstream coins (BTC/ETH) to smooth out fluctuations, with monthly investments not exceeding 10% of your income.
5. Mindset is More Important than Skills
Reject FOMO and chasing prices, and do not panic sell in a bear market. Develop a trading plan and strictly execute it, reviewing and optimizing your strategy monthly.
Risk Warning: Regulatory policies will clearly prohibit illegal token issuance and financing by 2025. This article does not constitute investment advice. Please practice on compliant platforms before engaging in actual trading.
