Survival Rules in the Crypto World: How to Evolve from a Rookie to a Veteran?
Survival Rules for Beginners:
Stepping into the crypto world is like being airdropped into the Amazon rainforest, with DeFi golden apples hanging from the trees, while stepping on NFT crocodiles. Don’t rush to pick the fruits; first learn three life-saving skills:
Recognize your "Digital Gold":
Bitcoin is not an ATM; it is the bloody chip of the global casino! Remember these two death moments:
- 2022 Luna Crash: 40 billion market value reduced to zero in 40 hours
- 2021 May 19 Disaster: 60 billion dollars liquidated across the network
Using living expenses to play contracts? It’s like betting your rent with a Macau dealer. Remember the family saying: "Going all in is temporarily fun, liquidation is a crematorium"
Wallet is a Talisman:
Storing USDT on exchanges? It’s like stuffing cash into the pockets of a P2P boss! When FTX blew up, 300,000 users watched the APP turn into a tombstone. True survival rules:
- A cold wallet is your Noah's Ark (Recommended: Ledger/Trezor)
- Store your recovery phrase in three different places (Don’t be like that guy who tattooed it and ended up in a bathhouse)
- Only keep "grocery money" on exchanges, just like you wouldn’t bring all your possessions to the market
Air Token Identification Guide:
If you encounter these characteristics, please activate escape mode:
- Name contains Elon/Moon/ToTheMars
- The official team photo is AI-generated
- The whitepaper roadmap extends to the year 3024
- The Telegram group sends "Pump soon" every day
Real projects are focused on coding, while fake projects send red envelopes in WeChat groups
News Front:
Three Major Death Traps in the Crypto World:
1. Musk tweets at midnight (2021 Dogecoin rollercoaster)
2. Exchange maintenance in the early morning (Warning: unplugging the network cable)
3. "Insider news" groups suddenly become active (Prelude to a scam)
Suggested watchlist:
- Federal Reserve interest rate decision calendar (Set an alarm)
- Coinbase regulatory announcements (Compliance barometer)
- Whale monitoring bots (@whale_alert)
Survived through three bull and bear cycles
Remember these bloody tears numbers:
- 2017 ICO bubble: 90% of projects went to zero
- 2020 DeFi Summer: Uniswap airdrop created millionaires
- 2023 Inscription Carnival: ORDI hundredfold myth
Survival Philosophy:
- Play with profits, don’t touch the principal
- Remain unfazed by a 50% rise or fall (Practicing yoga is better than staring at the market)
- Dollar-cost averaging in bear markets, selling in batches in bull markets (Anti-human behavior manual)
If you currently feel helpless and confused in trading, with years of experience and skills in the crypto world, I am here to share them for free. I’m online and waiting for you in the community, welcome to discuss and improve together.
