When a newbie enters the crypto world, the first thing is not to make money, but to avoid pitfalls!
Friends, the most common mistake new crypto enthusiasts make is not buying too little or earning too little, but not knowing how many pitfalls they've stepped into at all. When I entered the crypto world in 2019, my mind was filled with "If it goes up, I'll make money," and what happened? I recharged a few thousand yuan for the first time only to be left with just a few hundred, thinking I was just unlucky, only to realize — these were all pitfalls!
Spot trading, altcoins, primary markets, each place is a deep pit.
When I first entered the crypto world, I held SHIB and AXS, and got lucky to earn my first bucket of gold, but more often than not, I ended up with nothing. Primary market? The domestic market will 100% cut you off, whether you believe it or not, I lost 300,000 yuan and experienced a "textbook-level profit-taking". Even worse, some coins seem to be very popular, but if you don't pay attention to the links, your USDT can get stolen. If a newbie isn't careful, they might end up paying a tuition fee that makes them question life.
Participating in new launches, quantitative trading, and rebates is not as easy as imagined.
Participating in new launches? It takes time and has low returns, and occasionally you'll just end up with a dud. Quantitative trading? Don't touch it without skills; if you invest a little, you won't feel anything, and if you invest a lot, you won't feel secure. Rebates? Zero risk, but the earnings are limited; thinking you can turn your life around with it? Don't be naive.
Contract trading is not a must for newbies.
Contracts look exciting, but they are actually a double-edged sword. I faced liquidations countless times in 2023, and it wasn't until 2024-2025 that I gradually figured out the patterns. The key is not to rely on feelings, but on systems, discipline, and risk control. Learn to use indicators, analyze win rates, and manage profit-loss ratios, and then you might have a chance to make money steadily. If a newbie doesn't understand these, they shouldn't rush into contracts; otherwise, they'll just become someone else's cannon fodder.
Learning to avoid pitfalls is the way to survive before discussing making money.
For newbies entering the crypto world, the first lesson is always: learn to avoid pitfalls first, don't become a target. Understand how to diversify your investments, manage your funds, not blindly trust the community and promoters' links, and not follow the crowd blindly; then you might have the chance to see real money-making opportunities. It's okay not to make money, but losing all your capital is tragic. In the crypto world, first, seek to survive, and then talk about doubling your money.
Finally, I hope that everyone who likes, saves, and follows this article can reap many rewards in this bull market!
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