Guide to Survival in the Cryptocurrency World, Please Remember These Tips
In the seemingly opportunity-filled yet perilous world of cryptocurrency, the following experiences are hard-earned lessons bought with countless real money.
1. Recognize the Essence, Don't Be Deceived by Appearances
In the cryptocurrency world, various products are constantly emerging. But it's important to understand that the underlying logic of the vast majority of projects is to take money from investors' pockets, rather than genuinely giving money away. Don't be fooled by flashy packaging and tempting sales pitches; stay clear-headed to avoid becoming a lamb waiting to be slaughtered.
2. Focus on the Mainstream, Embrace Stable Value
When trading cryptocurrencies, only choose mainstream coins like BTC, ETH, SOL, etc. They are the bedrock of the cryptocurrency world. Even if you unfortunately get caught at a high price and suffer heavy losses, even a 90% drop, don't be too desperate. These mainstream coins have a large ecosystem that continues to develop; as long as the industry exists, there are opportunities for corrections, breakeven, or even profits.
3. Stay Away from New Coins, Reject Junk Traps
New coins and junk coins are definitely landmines in the cryptocurrency world. 99% of them are tools for “whale” investors in Southeast Asia, Dubai, etc., to harvest retail investors. With just a little packaging and some money, they can get listed on exchanges and boast about surpassing mainstream public chains. But upon closer inspection, there is no ecosystem on-chain, purely a scam. Those claiming to rise dozens or hundreds of times will be when the market makers offload their stock to you once you can participate.
4. Be Cautious with Contracts, Don't Fall into the Abyss of Risk
Contract trading carries an astonishing level of risk. Even 2-3 times leverage can leave you with nothing, and higher leverage is a recipe for liquidation. Market makers are watching the data, often leading to double losses. Don't think that being bearish means you can profit from shorting; under the manipulation of market makers, both long and short positions can end up losing money.
5. Beware of Fake Orders, Don't Trust False Temptations
Those in public squares flaunting their profits as “contract gods” are basically shills for market makers. For example, even if someone like Liang Xi wins by luck at first, it's hard to say later whether they are still operating themselves. Don't be misled by their fake profits; once you are gullible, you will fall into the trap of high-leverage contracts.
There is no guaranteed profit in the cryptocurrency world, only probabilities. Maintain discipline to gain an edge. If you are also obsessed with technology and studying cryptocurrency operations, consider following GZ account 'Analyst Gin' to get the latest cryptocurrency intelligence and trading skills, helping you navigate the cryptocurrency sea accurately!
