Don't panic, newbie! A survival guide for crypto beginners to avoid pitfalls 🚀
Are you feeling confused just stepping into the crypto world? With a screen full of candlesticks and all sorts of “get-rich-quick myths,” it’s both tempting and scary, right? 🤯 Don't worry! This super down-to-earth survival guide is designed to cure the “newbie confusion syndrome” and help you avoid 99% of the traps that new users fall into! (Don’t ask how I know this... 😭)
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🛡️ Three-piece anti-pitfall set, gear up first!
Brush up on the basics! Crypto “slang” dictionary 📚:
Don’t just listen to people shouting “all-in” or “buy the dip”! First, understand the fundamentals like blockchain (not a pyramid scheme!), decentralization (you control your coins), and EVM contracts (self-executing code)!
Recognize the “crypto role cards” 🃏:
Bitcoin (BTC): The big boss of the crypto world, stable (relatively) but expensive, the barometer of the crypto market!
Ethereum (ETH): The ecological foundation, essential for NFTs and DeFi!
Stablecoins (USDT/USDC): Your safe haven! Price ≈ 1 USD, a lifeline during market crashes!
Roller coasters (altcoins): Shockingly volatile! You might get rich overnight or lose everything in an instant!
🚦 Practical action! Start practicing with “milk tea money”!
Don’t go all-in right away! Try the “milk tea money dollar-cost averaging” method:
Set aside a few cups of milk tea money 💰 each month, and mindlessly buy a bit of BTC or ETH.
No matter if it goes up or down, rain or shine! Set up automatic payments for peace of mind and to keep your hands in check!
Goal: Experience market fluctuations, train your mindset, and gain experience points! If you earn, add some chicken legs; if you lose, consider it tuition!
Anti-“FOMO” radar 🚨:
When everyone online is hyping up a certain “10,000x magic coin,” chat groups are exploding, and you feel like missing out would cost you a fortune... Run fast! It’s likely someone is looking for a bag holder! 💣
Stay calm! Stay calm! Stay calm! Important things are worth repeating three times!
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💡 Veteran musings (bloody experience):
The crypto world parties 24/7! Don’t follow my example and stay up all night watching the market; your heart and hair can’t take it! Set reminders and get some sleep!
When the waterfall comes, don’t panic and play dead; and don’t FOMO during the surges! Emotional trading is the root cause of losing money!
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Core essence:
Can pigs fly in a bull market? Only those who survive a bear market are the true masters!
Protect your principal, and you are the winner! 🛡️
