The world of cryptocurrency is full of opportunities, but also fraught with traps — like the 'Wild West' of the digital age. After helping many traders and witnessing countless lessons, I have summarized three things you absolutely should avoid if you want to survive and succeed in this market long-term:
1. Do not trade due to FOMO or market noise
One of the fastest ways to lose money is to chase after hot coins after they have skyrocketed. Seeing others flaunt soaring candlestick charts, you can’t help but invest in a token you don’t understand at all? That's FOMO (fear of missing out) at work — and the results are often disastrous.
People often buy at price peaks and panic sell during every drop. But what cryptocurrency truly rewards is patience and planning, not impulse. As the Vestinda guide warns:
"Buying during price spikes often means buying at a high... market corrections can quickly swallow up floating profits."
The right approach: Develop a clear entry strategy, set a budget, and eliminate impulsive decisions.
2. Never ignore basic security (2FA & hardware wallets are essential)
Exposing cryptocurrency in an unprotected state is equivalent to leaving your wallet open for anyone to take.
Enforce two-factor authentication (2FA): Be sure to enable it on all exchanges and hot wallets.
Long-term holding? Must use cold wallets! Hardware wallets like Ledger or Trezor are safer choices.
Every year, countless people lose everything due to phishing, dusting attacks, or clipboard hijacking malware. One wrong click, paste, or download, and assets can disappear in an instant. Check Point recently exposed the JSCEAL malware, which can disguise itself as a wallet to steal private keys—even on well-known platforms.
Safety is no small matter, never be complacent.
3. Do not skip research and proceed blindly — that is: DYOR is a golden rule!
Just because someone says 'to the moon' on X (Twitter) or TikTok, you buy in without knowing anything about the project? The risk is extremely high! Trading under emotional influence? That's an even greater breeding ground for mistakes.
The core principles of the beginner's guide include: avoid mindless trading, steer clear of excessive leverage, and don't treat cryptocurrency like a casino.
Before placing an order, ask yourself three questions:
What is the core of this project?
Do I understand its technology and practical applications?
Is the amount invested within my loss tolerance?
Final words
Cryptocurrency has enormous potential, but only wise usage can harness it. If you can avoid:
Blindly chasing trends or FOMO,
Undervaluing security,
Trading rashly without research (DYOR)…
…you have already surpassed 90% of newcomers.
The successful path in crypto should not be an impulsive journey, but a thoughtfully planned trip.
Stay curious. Stay safe. Stay strategic.#香港稳定币新规 #币安HODLer空投PROVE #币安HODLer空投TOWNS #加密股IPO季 #Solana期货交易量创新高
