First, divide the money into three parts, and learn to feel the market. Let me tell you how to use each part.
Keep your mindset right; don't immediately think about making 10 times, 100 times. That is unrealistic.
A portion of the money is used for learning, participating in new projects, and other on-chain operations.
Many newcomers have added me, and most people's first question is how much money can be made in the crypto circle. Honestly, when I hear this question, I'm somewhat speechless. Indeed, many people in the crypto circle have made a lot of money and achieved a leap in social class, but will that be you as a newcomer?
In fact, as a newcomer to the cryptocurrency world, the first thing to consider should be the risks, not how much money to make. You should think about how much money you invested in this project, what will you do if you lose this money, how will it affect your life, and how significant is that impact?
For beginners, the first step when entering the circle is to master the most basic knowledge, such as registering on exchanges, topping up, withdrawing, and transferring, how to add networks in the MetaMask wallet, how to find the contract address of a token, and how to add tokens through the contract address in the wallet.
For example, newcomers entering the Bitcoin ecosystem first master wallet installation, top-ups, withdrawals, and transfers, how to switch between these wallet address types, how to switch between the mainnet and testnet, how to participate in new inscriptions through platforms like ID and GeniiData, how to buy and sell BRC20 tokens in the market, how to find NFT collections in the Me trading market, and how to buy and sell NFTs, etc.
As a beginner, all of these need to be practiced. When there are projects, you can start with small amounts to try and error, practice, and participate with a zero-sum learning attitude, gradually accumulating experience. It's not about thinking how much money to make right away. If a newcomer doesn't improve their execution and learning, even if they happen to make some money now, they will eventually lose it back due to a lack of solid foundation or other reasons.
A portion of the money is used to 'try and error'. You can experiment with altcoins, try contracts, and trade on the waves; this part of the money is to pay tuition, teaching you to respect the market.
As long as you are a newcomer just entering the circle, too many 'well-meaning people' will message you, wanting to take you along.
Xiaobai is the most favored by scammers because they have many questions, and only scammers will be so patient to answer them. Scammers have the highest tolerance for them because they are immediately focused on their wallets.
Some directly lead you to play with meme coins, telling you about a certain coin, most of which are self-issued Pihou plates, and they have already formed a set of coin issuance assembly lines.
Additionally, you might see some trading teachers showcasing contract profits, and when you see others displaying several times, dozens of times in profits, you get excited and want to engage in contracts.
Congratulations, you will at least have to pay a large tuition fee in the contract.
Some scammers create paid contract groups. When you ask, they will say 2000U per month to join the group, or 500U per month to join. Some might even say per year.
Speaking of a year, that person is definitely a beginner who has never played before because no one would stay in a contract group for a year; they will definitely lose everything by then.
In some cases, the group is free, but you must use their invitation code to register an account, and you must have trading capital; they will verify your funds. Then they will show off a lot, and you won't be able to resist recharging and trading. All your trading fees will have rebates.
This profit is just your trading fees. If they are more unscrupulous, they might even lead you to a small exchange to collectively eat customer losses.
I previously saw an article stating that an ordinary person exploring on their own would take at least 3 cycles to start making money.
In the first cycle, you looked at various wealth myths, entered the market with full confidence, and those with high risk tolerance even borrowed money. But ultimately, you can hardly maintain your wealth, being taken away by various tricks and scams.
In the second cycle, you learn the lessons from the previous cycle, master the basic operations, understand K-lines, volume, price, and basic cycle rules, and learn to diversify your holdings.
The bull market has arrived, and you watch the price of the coins soar along with the market's emotions. You feel extremely excited, your positions start to double, you savor the sweetness of making money, and you think it will continue because the market sentiment is still very optimistic. But the bear market comes unexpectedly, and you haven't learned how to sell, so you will most likely follow the market on a roller coaster ride.
By the third cycle, you may finally learn to make money in this market.
These three cycles are very hard to violate unless you can follow experienced people to do it, but this is very difficult.
The last portion of the money should be invested at this time in fixed investments or participating in new projects, making profits through arbitrage. This is where you begin to make money.
The crypto circle is indeed one of the most hopeful ways for ordinary people to turn their lives around, but that doesn't mean the process is smooth. The essence of life is ups and downs, with both gains and losses. What remains unchanged is continuous learning, filling in knowledge gaps, letting go of prejudices, and making money is just a matter of time.
