A complete beginner suddenly becomes interested in the cryptocurrency world. How can one avoid pitfalls?

It's quite simple, avoid the following pitfalls:

1. Only choose coins with high intrinsic value and liquidity.

For example, #BTC , #ETH , #SOL , #XRP , #DOGE .

Avoid other coins if possible to reduce the risk of being exploited.

2. Prioritize spot trading. If you decide to trade contracts, be cautious with leverage and position size.

For instance, if you are used to opening a 10x low leverage with 100U, and want to try higher leverage, opening 10U at 100x is safe. Do not open 100U at 100x; act according to your capital and position size.

Do not think that opening less means lower profits; this is a long-term compounding game. The logic is simple; for example, with 100 dollars at 10x leverage, if you earn 100 dollars this time, next time you will have 120 dollars at 10x leverage, which can lead to significant gains over time!

3. Do not trust any financial management, mining, or other messy projects.

All of these aim to take advantage of your principal, while you are only attracted by the interest they offer.

4. For exchanges, choose either Huobi or Binance.

There is no third option. Remember, anyone who recommends a third option is either foolish or malicious; block them immediately.

This is similar to choosing a hamburger; a normal person would typically choose KFC or McDonald's when wanting a burger and fries,

not something like Duck King or Duck McDonald.