Guide for Newbies Entering the Cryptocurrency Market: The cryptocurrency market is full of opportunities but also carries significant risks. For those new to the space, blindly following trends can lead to total losses. Below is a systematic guide to prepare for entering the market, helping you avoid common traps and start investing rationally.
1. Solidify Basic Knowledge
1. Understand Core Concepts of Blockchain
First, understand what decentralization, distributed ledgers, and smart contracts are before discussing investments.
2. Recognize Main Asset Classes
Bitcoin (BTC): Digital Gold, Market Capitalization Benchmark
Ethereum (ETH): Foundation of the Smart Contract Ecosystem
Stablecoins (USDT/USDC): Fiat-pegged Hedging Tools
Altcoins: High-risk, High-volatility Assets
3. Master Key Terminology
Such as Private Key/Public Key, Gas Fees, Market Capitalization, Liquidity, Contract Leverage—at least differentiate between 'spot' and 'contract' before operating.
2. Practical Entry Strategies (Start with Small Steps and Trial and Error)
1. Practice Spot Trading
Use $100-500 to test the waters, familiarize yourself with buy/sell orders, market orders, and setting take profit and stop loss.
2. Dollar-Cost Average BTC/ETH
Buy at a fixed time each month to smooth out price fluctuations (e.g., automatic deduction on payday).
3. Stay Away from Contract Leverage
Newbies should avoid 10x and 100x leverage for the first 3 months; the risk of liquidation is extremely high!
3. Continuous Learning and Information Discrimination
- Data Tools: Use CoinGlass to view liquidation data, Dune Analytics to check on-chain positions.
- Counterintuitive Thinking: When social media is wildly discussing '100x coins', it is often a signal to sell.
Final Advice: The cryptocurrency market operates 24/7, and prices are highly volatile. Be mindful of daily monitoring time to avoid emotional trading. Remember—making money in a bull market is luck, but surviving in a bear market is skill.#ETH走势分析 $BTC