Newcomers who just entered the crypto space often explore alone without guidance, and it's easy to stumble at the first step. This is not alarmism; many people enter the market and lose all their money—being harvested by Ponzi schemes, being tricked by scams, and only realizing ‘I was just a pawn’ when the project collapses and the coin goes to zero.
But don't let this negate the crypto space itself. **Blockchain is a technology; scams are just dressed in the guise of cryptocurrency.** The real issue is the abuse of gray token financial chaos (illegal fundraising, market control, money laundering, etc.). So, if you want to survive in this industry, it's not about luck; it's about recognizing 'what kind of game this really is.'
✅ Step 1: If you don't solidify the basics, you'll inevitably fall into a big pit.
The threshold for entering the crypto space seems low, but the cognitive cost is very high. If you can't even understand these basic questions, it's like walking a tightrope blindfolded.
Understand the basic knowledge: What is blockchain? What is the essential difference between USDT and BTC? How to use hot wallets and Web3 wallets? How important are mnemonic phrases and private keys (forgetting them is like losing money)?
Learn to use tools: How to choose mainstream exchanges? Should USDT transfers use TRC20 or ERC20? Even getting one letter wrong could lead to losing coins. What pitfalls should you watch out for when withdrawing to a bank card in OTC?
Understand the industry structure: Who are the players in the crypto space? What roles do project parties, exchanges, and market makers play? How do mainstream ecosystems like Ethereum and Tron operate?
You don't need to spend money to buy courses on this content. Just take the time to research and spend a week or two, and you can learn it. Otherwise, you might not even know that 'if someone has your wallet's private key, they can directly clear your account', and getting scammed is just a matter of time.
🚫 Step 2: Remember the 'three no touches', minimize losses by 80%
Newcomers easily fall into three types of pits when they first enter the crypto space. Remember the 'three no touches', and you can basically avoid 80% of the scams:
Don't touch 'capital protection high-interest' projects: Anything claiming '20% monthly profit guaranteed' or 'static income + dynamic bonuses' is most likely a Ponzi scheme—early entrants profit at the expense of later ones, and the collapse is just a matter of time.
Don't believe in 'big-shot analysts': Anyone claiming 'follow me for double profits' is usually either charging you fees or treating you as a bag holder. If they really had the skills, they would have already made money quietly by themselves; why would they waste time on you?
Don't click on unfamiliar links / apps: Links in WeChat groups, text messages, or private chats claiming 'airdrop entry' or 'internal app download' can easily lead to scams or worse, your wallet being stolen, resulting in instant asset loss.
💰 Step 3: Establish the correct 'money-making mindset'
Yes, there are indeed people who get rich quickly in the crypto space, but it's definitely not your turn if you're new. If you want to make real money, first stabilize these three points:
Start from 'zero', trying small investments: In the early stages, don’t rush to invest money. First, participate in some tasks and airdrops on legitimate platforms to gain knowledge for free. If you really want to invest, only use spare money (even if you lose it all, it won't hurt) and only choose mainstream coins (BTC, ETH, or those in the top 20 by market cap).
Dollar-cost averaging is much better than chasing highs: Don't fantasize about making money by 'buying low and selling high'. You don't have an information advantage or emotional management skills; frequent trading will only cost you money. It's better to invest a little every month during market downturns, hold for 1-2 years, and earn dividends through the larger cycle.
Admit 'I still don’t understand': When facing new terms like 'mining machine hosting', 'arbitrage', and 'AI trading', assume they are scams, and you’ll be right half the time. Don’t rush to show off if you’ve made a little money, and don’t rush to recover losses after losing—money in the crypto space is essentially the money of 'cognitive gaps'; if your understanding is not in place, you will eventually lose it back.
Here's a final word for you:
There are no 'teachers' in the crypto space, only 'hunters' and 'prey'.
The only thing you can rely on is your own understanding. First, spend time strengthening the basics, clarify the rules, and then try and error step by step. Don't rush to get rich; surviving is the top priority.
Those who can earn money in the crypto space for the long term are never the ones who dare to gamble the most, but rather those who understand 'not to gamble'.
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