A Must-Read for Newbies in the Crypto World! 8 Life-Saving Quotes from the Old Hands

Brothers just entering the crypto world, be aware that this field is ten times deeper than you imagine. Don't always think you can turn the tables with luck; take my advice and remember these few points:

・Don't fantasize that the crypto world is an ATM. The capital in your account is your salary, your hard-earned money, not a random number blown in by the wind. Before you enter, ask yourself: if this money is all gone, can I still pay next month's mortgage and car loan?

・The thrill of going all in lasts only three seconds, but the despair when you get liquidated can last a lifetime. Always keep 30% of your position as backup; when the market crashes, this money can give you another chance to recover.

・Seeing a red K-line is like a starving wolf pouncing on food, and seeing green makes you panic like stepping on an electric switch — this isn't trading; it's delivering vegetables to the market makers. Don't rush to chase prices when they rise; stabilize yourself when they fall. Newbies who die from chasing highs and selling lows number in the thousands.

・Don't let the myths of getting rich in the community brainwash you; those who post screenshots are either shills or victims of survivor bias. If you can last six months without losing your capital in the crypto world, you've already outperformed 80% of the retail investors.

・When others shout recommendations, do you just jump in? Do you blindly trust the analysis of the big players? What this industry has in abundance are 'experts'. If you really want to make money, check the white papers, look at trading volumes, analyze trends, and engrave the phrase DYOR (Do Your Own Research) into your mind.

・Holding onto coins is ten times harder than finding a good coin. Changing positions every few days means your transaction fees exceed your profits, and in the end, you end up working for the exchange. Be patient when you've found a good opportunity; 99% of those who frequently trade are just paying transaction fees to the market.

・Leverage trading is a death wish for newbies. 10x leverage looks thrilling, but a 10% drop can wipe you out completely without even giving you a chance to add margin. If you haven't spent over a year trading spot, don't touch this thing.

・Altcoins can make you doubt your life when they rise, and can cause you to completely restart your life when they fall. Those flashy name coins, 90% of them end up being worthless. Newbies should just hold onto Bitcoin and Ethereum; don’t constantly think about mining gold in altcoin pools, or you might drown yourself.

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