Some tips for new investors:

1. The charm of the cryptocurrency circle is to win big with a small investment. One after another myth of wealth creation makes everyone ignore the risks involved.

2. It is impossible for gamblers to win against the dealer in a fight with casinos. Nine out of ten bets will be lost.

3. As long as it is secondary, there must be risks. As long as it is a gamble, you will definitely lose. Even if you win, it is just luck.

4. There is no right or wrong in long-term investment. It depends on the growth dividend of the entire track for five to ten years. If you don’t have long-term goals and beliefs, you will feel fear or even anger because of a big drop.

5. For large funds, frequent trading itself is a taboo. What we need to do is low-risk arbitrage, low-risk holding, and low-risk trading.

6. Energy is conserved. If you enjoy the growth dividend of the industry, you have to endure the torture of washing the market.

7. The essence of investment is to realize cognition. If you lose money, it only means that you don’t know enough. The money you lose is the tuition paid to the market.

8. There is no best strategy, only the strategy that suits you best, but in general, it is all about exchanging time for space.

9. In this noisy market, what we need to do is to wait and see, enjoy the fruits of our labor, and win without fighting.

10. The truth is simple, and knowing and doing are one.

For new investors, they may not understand the experience I have summarized, and they will not be patient enough to wait for the fruits of their growth. But these are not important, after all, everyone has to pay for their own ignorant cognition.