We all understand this feeling, after all, the cryptocurrency market is like a roller coaster, and there are many who want to jump off as soon as they get on. As someone who has been in this field for five years, today I will share my heart and break down 5 common strategies, each accompanied by my real experiences. Newbies should read this before taking action to avoid at least 80% of the pitfalls!
First, let's talk about spot trading. This is definitely the 'lifesaving strategy' for newbies, no doubt about it. The operation is very simple: buy low and sell high. For example, if you have a good outlook on a certain mainstream coin, buy a little when its price drops, and sell quickly when it rises by 5%-10%. Don't be greedy. When I first entered the industry, I relied on this strategy to steadily make progress and even made a little extra pocket money in the first month. I must emphasize that newbies should never touch leveraged products, otherwise, you might be thinking about how to make money one day, and the next day you could directly 'blow up' and lose everything. Several friends of mine have fallen into this trap and had no place to cry. I suggest everyone start with a small amount of money for 3 months of spot trading, thoroughly understand the rules of stop-loss and take-profit, and then consider other strategies. This is the prudent way to go.
Next, let's talk about the primary market. To me, this is a 'no-go zone for newbies'; anyone who touches it is likely to step on a landmine. Many people think the primary market is about buying tokens at a low price before they hit the platform, hoping that if the project takes off, they could multiply their investment by ten times. Sounds tempting, right? But I tell you, 90% of this is a scam! A couple of years ago, I helped fans review many primary market projects, and either the project parties ran away with the money, or the tokens plummeted immediately after hitting the platform, leaving no chance to sell. Ordinary people can't distinguish the authenticity of projects, and rather than gamble with the risk of losing all your capital, it's better to do something reliable. After all, our money doesn't come from the wind, and there's no need to fight against our own wallets.
Next is Launchpad, which is a 'small stable choice' suitable for newbies with some basic knowledge. Simply put, if you hold some platform tokens from major platforms, you'll have the chance to grab new projects' tokens at low prices, and if you're lucky, you could earn 2-5 times your investment. Last year, I used this method to earn two months' rent with a small amount of capital, and I was quite happy at the time. But everyone should also note that this method isn't guaranteed to be profitable; first, you need to grab the quota, and if you're slow, you won't get any; second, there's also the risk of price drops. Sometimes, even if you manage to get the tokens, they might drop immediately after going live, and you still lose money. So if newcomers want to try, use a small amount of capital to test the waters, don't invest too much at once, stay calm, and consider any profits a bonus while not worrying too much about losses.
Then there's airdrops, which are definitely the 'free benefits' in the crypto world that you should take advantage of if you can. Many mainstream platforms regularly distribute token airdrops, and as long as you use the platform's features normally, such as transfers and trading, you have a chance to receive rewards. A few years ago, I relied on airdrops to get quite a few tokens, and after selling them, I even bought a new phone. But there's a pitfall everyone must avoid: don't intentionally 'spam' transactions just to receive airdrops, like frequently making small transfers or meaningless trades; platforms can easily spot that and you might get blacklisted. In that case, not only will you miss out on the airdrop, but your account might also face issues, which would be a loss. Using the platform normally and going with the flow actually makes it easier to receive rewards.
Finally, let's talk about NFTs. Now when I mention this, I want to advise newcomers to steer clear. During the bull market, NFTs were indeed crazy, with some NFTs rising dozens or even hundreds of times, but now the market is incredibly quiet, and most NFTs can't be sold at all, leaving a pile of digital garbage in your hands. I have a friend who bought a lot of NFTs two years ago following the trend, and now he can't sell them; he lost tens of thousands and regrets it every time he talks to me about it. Unless you truly understand NFTs, know how to choose quality projects, and can assess market trends, newcomers should definitely avoid them. Just because others made money in the past doesn't mean you will too; entering the market now likely means you'll be a 'bag holder,' and you might lose money before you even realize it.
Ultimately, the most important thing for newcomers in the crypto world isn't how much money they can make, but how to protect their capital. Start with low-risk strategies like spot trading and airdrops, slowly learn to judge market conditions and control risks, and once you have experience and confidence, explore other methods. This way, you won't panic. I've seen too many newcomers come in wanting to make quick money, only to lose a huge amount. It's not that they aren't trying hard enough; they just haven't found the right direction, like walking in the dark without a guiding light.
I share the real strategies and pitfalls of the crypto world here every day. Newbies, if you don't want to stumble and want to make money steadily, be sure to follow me! In the future, I'll break down more practical tips, such as how to judge the rise and fall signals of mainstream coins and how to set stop-loss and take-profit levels most reasonably. Learn with me to avoid detours in the crypto world. If you have any questions, feel free to leave a comment, and I will reply one by one. Let's make steady money in the crypto space together!
