Actually, the most crucial point: It depends on your attitude
It's never too late to enter, but the fear is that you remain superficial and are unwilling to truly invest. Time is never the core factor in whether one can make money; if someone brags to you, 'I entered the market years ago and am already financially free,' it means nothing to you—if you don't dive in, you'll never know how deep the water is; if you don't practice, you'll never know how badly you could lose.
Should newcomers enter the market? The harsh truth
As an old-timer in the crypto space, I sincerely do not recommend most people to enter. The reality is that 90% of people who come in just end up losing, the difference is just how much they lose. But if you are determined to make a name for yourself in the crypto space, then it will depend on how strong your determination is—how to measure determination? Look at your investment.
Investing 1 million vs. investing 100 bucks, the mindset and results are vastly different.
Investing time to study vs. blindly following trends, long-term returns are completely different.
But remember: The crypto space is a bottomless pit; no amount of money can fill the hole of greed.
When is the best time to enter the market?
Now is the time! Don't ask, don't look, don't hesitate, try with a small amount first to feel the cruelty of the market. After being cut a few times, you will truly understand the rules of this market.
Don't ask 'Can I make money?'—no one can guarantee that.
Don't ask 'Will it go to zero?'—no one can predict that.
What you can do is just get started! Practice is the best teacher.
As a newcomer, how should I play?
1. Coin selection strategy
Direct selection: Study the project's fundamentals (team, technology, sector, capital background).
Indirect selection: Follow the big players (but don't follow blindly, check their background first to avoid being left holding the bag).
2. Position building techniques
Don't go all in! Even if it's just 100 bucks, buy in batches to reduce risk.
Dollar-cost averaging is more stable than lump-sum investing, avoiding buying at high points.
3. Pitfall avoidance guide
Stay away from Ponzi coins and meme coins (99% of those promising high returns are scams).
Don't trust 'insider news' easily (if there were real money-making opportunities, no one would tell you for free).
Safeguard your private keys (no matter how big the exchange is, it could still run away; a cold wallet is the safest).
Last piece of advice
Making money in the crypto space is extremely difficult, but losing money is very fast. If you still decide to enter after listening to this, then I can only wish you good luck—but remember, real winners are not relying on luck, but on knowledge and discipline.
