《You Are Not a Fool, You Just Haven't Seen These 10 Points》
1️⃣ Never Go All In
No matter how optimistic you are about a coin, never invest all your funds. The cryptocurrency market is highly volatile, and a single piece of news can wipe you out. Controlling your position and building your investment gradually is key to longevity.
2️⃣ Don't Chase Prices
Rushing into the market when you see others making money often means you are buying at their sell-off; panic selling during a downturn usually results in a rebound just after you've sold. Have your own strategy rather than trading based on emotions.
3️⃣ Learn the Basics
Investing recklessly without understanding white papers, tokenomics, market cap, circulating supply, or unlocking mechanisms is like jumping into deep water with your eyes closed. Learn first, then invest, so you won't easily get burned.
4️⃣ Beware of High Annual Returns
Projects promising "earn 10%/day" are 99% Ponzi schemes. True stable returns will not be excessively high. Don't lose your principal just because you're tempted by high returns.
5️⃣ Don't Click on Fishy Links
Fake airdrops, fake websites, and fake wallet signatures are traps that beginners are most likely to fall into. Always obtain information through official channels and think twice before clicking any links.
6️⃣ Choose Reputable Trading Platforms
Prioritize major exchanges like Binance, OKX, and Bybit; don’t trust small exchanges or OTC transfer links. If an exchange goes under, you could lose your coins.
7️⃣ Don't Borrow Money to Trade
Leveraging to trade amplifies risks; if the market reverses, debt plus liquidation can lead to disaster. Use spare money to trade, only risking what you can afford to lose—this is the attitude beginners should have.
8️⃣ Pay Attention to Unlocks and TGE
Many coins will unlock periodically, and the day of unlocking can easily lead to price drops; new coins listed (TGE) may have a chance for a surge. Those who understand the rhythm are more likely to profit.
9️⃣ Avoid Contracts if You Don't Understand
Beginners should avoid leveraged and contract trading; liquidation happens much faster than with spot trading. Wait until you understand basic technical analysis and risk management before considering trying it out.
🔟 Slow is Fast; Surviving is Most Important
The cryptocurrency market is a long game; don’t rush to get rich overnight. Spending time learning and reviewing is a thousand times better than randomly buying coins. Gradually getting stronger is more important than anything else.
Finally, wishing everyone makes more U and finds your own goddess $BNB .
