Newbies in the crypto world should be cautious: if no one guides you and you blindly explore, you are likely to fall into traps and even lose everything. This is no exaggeration; too many people get targeted by Ponzi schemes or 'pig butchering' scams as soon as they enter, only to realize they have become victims when the project collapses and the tokens become worthless.

But don't completely deny blockchain because of this: The technology itself is sound; the issues arise from the gray areas of token finance, such as illegal fundraising, market control, and money laundering. If you want to survive in the crypto world, the key is not fear, but understanding the rules of the game first.

Step 1: Understand before touching money

The threshold in the crypto world is not high, but basic knowledge is essential. Not understanding these is like walking blindfolded:
What is blockchain? What is the difference between cryptocurrency and USDT? How to use cold wallets, hot wallets, and Web3 wallets? Why are mnemonic phrases and private keys so crucial?

How to choose an exchange, prioritize compliant leading platforms? When transferring USDT, should you choose TRC20 or ERC20? Choosing wrong might result in losing coins? What to pay attention to for safe cashing out in OTC transactions?
What roles exist in the crypto world: project parties, exchanges, market makers? What are the differences between mainstream ecosystems like Ethereum and Tron?

This knowledge can be learned for free, spend 1-2 weeks understanding it. If you don't understand wallets, never give your private keys to others; you could be scammed by those claiming to help you manage your finances. If you can't tell the difference between scam tokens and mainstream coins, you could easily be lured into buying into hype.

Step 2: Avoid these 3 types of traps to reduce losses by 80%

There are only a few types of scams in the crypto world; remember the three 'don'ts' to avoid pitfalls:
Don't engage in guaranteed high-return projects: Anything claiming to be risk-free with monthly returns of 30% is 99% likely a Ponzi scheme using new investors' money to pay old ones; a crash is just a matter of time. Don't click on unfamiliar links/APPS: Airdrop tokens from messages or community links could lead to phishing sites that steal your wallet's private keys, wiping out your funds instantly.

Step 3: Establish a correct view of making money

Indeed, some people get rich in the crypto world, but it's not your turn yet. To keep your money, remember these 3 principles:
Start with zero investment before lightly investing: During the beginner phase, avoid spending money if possible, such as participating in legitimate platform task airdrops. If you really want to invest, use spare money that won't affect your life if lost, and only buy mainstream coins like Bitcoin and Ethereum, which are relatively stable among the top 20 by market cap. Regular investments are more reliable than trading: Don't think about quick profits through buying low and selling high; you can't outsmart the market makers or predict market movements. Instead, buy in batches at lower prices, hold for 1-2 years, and earn through cycle dividends; the crypto market has clear bull and bear cycles, and mainstream coins are likely to rise in the long run. Acknowledge your ignorance: When encountering unfamiliar patterns, assume they are scams; don't get carried away with profits, and don't blame others for losses. The money in the crypto world essentially comes from differences in understanding; if your knowledge is lacking, you will lose back any luck-based gains.

Lastly, to be frank: There are no 'teachers' in the crypto world, only 'hunters' and 'prey'. The only one you can rely on is yourself; spend time improving your understanding, then take small risks, and once you truly grasp the rules, consider making significant moves.

Remember: Those who survive in the crypto world are not the ones who gamble the most, but those who understand not to gamble.
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