Just entering the crypto world feels like falling into a tropical rainforest, where golden opportunities are everywhere, but you might be stepping on a crocodile. Don't be blinded by those 'get rich quick myths'; first, remember these few life-saving rules.
Cryptocurrency is not a money printing machine.
Bitcoin is not a redemption ticket for an arcade; it is more like a chip in a global casino. The price might rise by 50% in half an hour, or it could be halved after a night's sleep. Don't play this game with your living expenses, and definitely don't borrow money to enter the market — you never know when the dealer will flip the table.
A wallet is not a piggy bank.
Centralized exchanges look like banks, but they are more like lockers at a vegetable market. Putting your USDT in an exchange is like storing cash with the auntie at the market. If you really want to save money, you need to learn how to use a decentralized wallet; remember that long and complicated private key is more important than remembering your first love's birthday.
Air coins can be deadly.
Seeing those flashy new coins is like spotting 'family recipe strength pills' at a night market. No matter how beautifully the white paper is written or how cool the official website looks, it could all just be edited images. Remember this truth: really good projects don’t need to send red envelopes in WeChat groups every day to attract people.
News is more important than K-lines.
There are no weekends in the crypto world, but there are big shots calling trades, sudden policy changes, and exchanges pulling the plug. Seeing Elon Musk post a dog emoji at 3 AM might be more useful than reading ten technical analysis books. But don’t be a follower — when the big shots call trades, it might be to offload their assets, and if you rush in, you’ll just be the one picking up the leftovers.
Living long is the real victory.
Don’t envy those who flaunt screenshots of hundredfold returns; they might end up losing everything but their underwear the next day. Play with money you can afford to lose, and maintain a mindset that allows you to close the app for three months at any time. Remember during the 2021 May 19 crash, there were not only contract players lining up on the rooftop but also 'value investors' who had gone all-in on spot trading.
The most paradoxical thing about trading coins is that the more eager someone is to make money, the easier they are to lose it; those treating the crypto world as an amusement park may actually stumble upon gold coins. Stay clear-headed, control your greed, and at least you won’t become a background character in someone else’s story of getting rich.
