The biggest illusion is thinking this industry is easy to make money in. Many people believe they are the chosen ones, unaware that they are actually the chosen 'leeks'! Then many people talk but don’t listen, listen but don’t change, change but can’t, know but don’t do, do but do it wrong, are wrong but don’t understand, don’t understand and don’t talk! This goes on in an infinite loop, and in the end, they fall on the beach of this cryptocurrency ocean!
I. Cognitive preparation: Understand risks before discussing profits
Accept the reality of 'potential zeroing out'
Bitcoin has historically experienced over 80% crashes; altcoins going to zero is even more common.
Only invest money you can afford to lose (suggested not exceeding 5% of liquid assets).
Beware of 'get rich overnight' stories – survivor bias is severe.
Learn basic concepts (must-know checklist)
Blockchain: How distributed ledgers work (recommended [Bitcoin whitepaper])
Wallet: Hot wallet (easy to use) vs cold wallet (safe), mnemonic phrase = asset control
Exchanges: Centralized (CEX like OKEx) vs Decentralized (DEX like Uniswap)
Token types: BTC/ETH (public chain) vs USDT (stablecoin) vs MEME coins (high risk)
Identify classic scams
Ponzi scheme: 'Deposit coins for interest' annualized 1000% = Ponzi scheme
Fake exchanges/wallets: Forged apps steal mnemonic phrases
Twitter impersonating big V: 'Transfer rebates' are all scams
II. Practical entry: From safety to trading
1: Register on an exchange (newbies should choose CEX)
Choose compliant platforms: (Binance), OKX, Coinbase (requires scientific internet access)
Complete verification: KYC real-name certification + bind Google Authenticator (2FA)
Small test: First deposit ≤ ¥1000, familiarize with the process
2: Safe storage (more important than making money!)
Keep funds on exchanges: ≤24 hours of required trading funds
Hold long-term and transfer to cold wallet
Hardware wallet: Ledger/Trezor (¥500-1000)
Open-source mobile wallets: MetaMask (little fox), Trust Wallet
Iron law:
✅ Physically save the mnemonic phrase by hand, never online
❌ Absolutely do not screenshot/email/tell anyone
3: First trade (minimal strategy)
Fiat deposit: Use RMB to buy USDT in the exchange OTC area (choose blue shield merchants)
Main position allocation:
70% Bitcoin (BTC) + 30% Ethereum (ETH) (reduce risk)
3. Small experience:
Use ≤ ¥100 to buy altcoins, feel the volatility (like SOL/ADA)
Avoid contract leverage! The liquidation rate for beginners exceeds 99%
III. Continuous learning: Avoid 'information scythes'
Information source screening:
Data: CoinMarketCap / CoinGecko (check market cap, on-chain data)
News: ChainFeeds (aggregating quality media)
Community: Reddit r/CryptoCurrency (beware of pump signals)
Free learning:
Binance Academy / Coinbase Learn (systematic courses)
YouTube channel: Coin Bureau (in-depth analysis)
Beware of 'big shots':
99% of all paid signals and private groups are scams
IV. Psychological preparation: Long-term survival rules
Don't chase highs and cut lows: FOMO (fear of missing out) is the main cause of losses
Dollar-cost averaging strategy: Buy BTC/ETH fixed amounts monthly, through bull and bear markets
Detach from emotions: Don't panic when it drops by 50%, don't get euphoric when it rises by 200%
Ultimate advice:
In the crypto world, 'not losing money' has already outperformed 90% of people. Spend 1 year learning before considering advancing (DeFi, NFTs), always prioritize the safety of your principal.
Investment is not gambling with your life but a process of monetizing cognition. The time you invest in learning now will pay off in the future by avoiding traps and seizing opportunities. If you encounter specific problems (like wallet operations, exchanges), feel free to ask me anytime, and I will break it down step by step for you.
When the opportunity comes, assets double! Follow Biao Ge closely and easily make big money
Keep an eye on: C, EPIC
