A guide for newbies in the cryptocurrency world to get rich quickly: From 0 to 100,000, I only used these 5 tricks! (with tips on how to avoid pitfalls)
Don’t believe the nonsense that “one day in the cryptocurrency world is equivalent to ten years in the real world”!
As someone who has gone from a monthly salary of 3,000 to a monthly income of 100,000, I will break down the most down-to-earth rules of survival in the cryptocurrency world for you - you don’t need to stay up late to watch the market, you don’t need to understand technical analysis, and you don’t even need to spend too much time on it. As long as you avoid the pitfalls that 99% of newcomers will fall into, you can also make steady money in the crypto world.
1. The first step to getting started: Understand 3 "life-saving common sense"
1. The cryptocurrency world is not a casino. First, understand the classification of “coins”
Real money coins (low risk):
Stablecoins: USDT, USDC (1 USDT = 1 USD, the first choice for capital preservation, suitable for beginners to practice).
Mainstream currencies: BTC (Bitcoin) and ETH (Ethereum), which have large market capitalizations and relatively small volatility, are equivalent to “large-cap stocks” in the currency circle.
Venture capital coins (high risk):
Altcoins: SOL, ADA, etc., which have large fluctuations but high potential (may increase 10 times or may return to zero).
Air coins: New coins with "X" or "Z" in their names (such as XXT, ZZB) are 99% scams, don't touch them!
Practical advice: first use 1,000 yuan to buy USDT and BTC, and experience the process of "buying coins - holding - selling coins". Remember: learn to walk first, then learn to run!
2. Choosing the right exchange is more important than choosing a coin
Three must-haves for beginners:
Binance: The world's largest exchange, with a full range of currencies and low transaction fees (0.1%), suitable for buying mainstream currencies.
OKX: The contract function is strong (but novices should not touch it!), and the spot trading experience is good.
Huobi: The Chinese service is considerate and suitable for beginners.
Blacklist warning:
Small exchanges (such as a certain "international exchange"): The rate of running away with money is as high as 60%, and your 1,000 yuan may become air in an instant.
High rebate platforms: Those that promise to “return 80% of transaction fees” are all phishing websites!
3. Always remember: invest with your “spare money”!
Definition of spare money: money that would not affect your life if lost (such as 10% of your monthly salary).
Counter-example warning: A colleague used a down payment of 200,000 yuan on a mortgage to trade cryptocurrencies, but almost got divorced after his position went bankrupt - the cryptocurrency circle doesn’t believe in tears, it only recognizes cash flow!
The secret formula is: "Don't touch food money, don't touch love money, don't touch retirement money" - invest money that you can say goodbye to with a smile if you lose it.
2. Low-risk money-making methods: 3 ways to make money while lying down
1. Arbitrage: Earn the “price difference” of the exchange
What is arbitrage? The same coin has different prices in different exchanges. Buy at low prices and sell at high prices to make a profit!
Practical examples:
Binance sells USDT for 7.0 yuan, Huobi sells USDT for 7.2 yuan. Buy 1,000 yuan of USDT on Binance and sell it on Huobi, and you will make a net profit of about 20 yuan (excluding handling fees).
Tool recommendation: Use the "Fei Xiaohao" APP to view the prices of various platforms in real time. Spend 10 minutes a day on the operation and earn 300-500 yuan in pocket money a month.
2. Exchange financial management: depositing coins in a bank to earn interest
Binance Current Account Investment: Deposit USDT at 4% annualized rate, deposit BTC at 2% annualized rate, minimum deposit of 100 yuan, interest automatically credited to your account every day.
Calculation example: Deposit 10,000 USDT, earn 1 yuan a day (10,000 × 4% ÷ 365), and earn 30 yuan a month, which is equivalent to "getting a cup of milk tea for free."
Advanced gameplay: Deposit mainstream currencies + turn on "automatic reinvestment" to let the interest roll over the principal, and earn 15% more in one year!
3. Free airdrops: Earn “potential coins” at zero cost
What is an airdrop? In order to promote a new project, it gives free coins to early users (similar to giving coupons when registering for an APP).
Practical steps：
❶ Follow “Binance Announcement” and “Twitter Hot Tags” to find new coin airdrop activities (such as a DeFi project airdropping 100 tokens).
❷ Complete tasks as required (such as forwarding tweets, depositing 1000 USDT in the wallet), and wait for the token to be issued.Profit case: In 2024, an NFT project airdropped, and each participating user received 50 tokens. Later, the price of the token increased 10 times, and the user made a profit of 5,000 yuan!
Risk Warning: Be wary of “phishing links” in airdrops - official activities will never ask you to “transfer a 1,000 yuan deposit first”. Anyone who asks for money is a scammer!
3. Pitfall Avoidance Guide: 5 fatal mistakes that 99% of newbies make
1. Full-position All-in: The most poisonous poison for beginners
Case: A newbie invested 10,000 yuan in a certain altcoin. When the price dropped by 50%, he lost his temper and sold all his shares. He ended up losing 5,000 yuan. The correct approach: buy in 5 batches, and buy 2,000 yuan each time the price drops by 10%, to spread the cost!
2. Leveraged contracts: a get-rich-quick scam
The truth: 95% of contract players eventually get liquidated! With a 20x leverage, a 5% drop in the price of the currency will result in a total loss (e.g., if you open a 20x leverage contract with 1,000 yuan and the price drops by 5%, you will lose all your money).
Iron rule: Newbies are not allowed to use any leverage in the first 6 months, otherwise they will be chopped off!
3. Buying high and selling low: Being led by the market makers
Routine: The market maker first pushes up the price (the coin price rises by 50%), retail investors follow suit and buy, and then dumps the price (falls by 80%) to reap the retail investors’ capital.
Countermeasures: Use the “fixed investment method” - buy coins on a fixed day every week (such as buying 500 yuan of BTC every Monday) to avoid being affected by short-term fluctuations.
4. Superstition of “Inside Information”: The Self-Destruction of Leeks
Case: A “teacher” in a community called for buying a certain coin, saying “it will increase 10 times tomorrow”, but it plummeted 90% after the purchase - remember: those who can really make money will not take you flying for free!
5. Holding a trade without stop loss: a shortcut from loss to zero
Iron rule: You must sell when the loss reaches 10%! For example, if you bought a coin for 1,000 yuan and it drops to 900 yuan, you must sell it decisively.
4. Ultimate advice for beginners: 3-month entry plan
Month 1：
❶ Spend 1,000 yuan to practice, only buy USDT and BTC, and get familiar with the exchange operations.
❷ Spend 30 minutes every day watching the "Binance Academy" tutorial to understand basic concepts such as "wallet", "private key", and "K-line".Month 2：
❶ Use “arbitrage” and “exchange financial management” to earn pocket money and verify low-risk strategies.
❷ Focus on 1-2 potential altcoins (such as LTC, DOT), but the position should not exceed 20% of the total funds.Month 3：
❶ Try “free airdrops” to accumulate potential coins at zero cost.
❷ Summarize the experience of the previous two months and record the reasons for profit and loss of each transaction.
Key points: The cryptocurrency world is a battlefield of "cognitive monetization". Spend 3 months to establish the correct investment logic before talking about making money - slow is fast, steady is winning!
There is no shortage of opportunities in the cryptocurrency world, but there is a shortage of people who can survive and wait for opportunities. From today on, engrave "risk control" into your DNA, and slowly accumulate with "spare money + low-risk strategy" - 3 years later you will find that those who once laughed at you for "earning slowly" have long been eliminated by the market, while you have steadily doubled your assets.
Spend 100 yuan to buy a BTC now and start your cryptocurrency journey - remember, the most expensive thing is not money, but "wait-and-see time"!
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To put it bluntly, playing in the cryptocurrency circle is a contest between retail investors and bankers. If you don’t have cutting-edge news and first-hand information, you can only be harvested! If you want to make a plan together and harvest the bankers together, you can come to me!
