#保持SAFU has ventured into the cryptocurrency world, accumulating some practical experience, and sharing it with everyone:

- Solid learning, equip yourself with knowledge: Before entering the cryptocurrency world, be sure to learn the basics of blockchain, cryptocurrencies, exchanges, wallets, etc. Pay attention to industry news websites, join reliable discussion groups, grasp the latest information, and familiarize yourself with common scam types such as Ponzi schemes and pig butchering scams to avoid pitfalls. For example, understanding the decentralized and tamper-proof characteristics of blockchain can better help you understand how cryptocurrencies work.

- Manage risks well, invest rationally: Never invest a large amount of money all at once; entering the market in batches can reduce risks. Set reasonable profit-taking and stop-loss points to prevent excessive losses; do not concentrate all your funds in one cryptocurrency, but diversify your investments into different valuable cryptocurrencies like Bitcoin and Ethereum to lower risk. For example, if you plan to invest 100,000 yuan, you can first invest 20,000 yuan, observe the market, and then gradually invest more.

- Carefully select legitimate platforms to ensure asset security: Prioritize regulated major exchanges, such as Binance and Huobi, and avoid small exchanges that could potentially run away at any time; check user reviews and feedback before joining a platform to understand its security measures, such as whether it has two-factor authentication, cold wallet storage, etc. There have been cases where small exchanges suddenly vanished, leaving investors with nothing.

- Stay calm and trade cautiously: When you see the price of a certain cryptocurrency rising, do not blindly chase the price; do not panic sell when the price falls. Allocate your position based on your risk tolerance and avoid excessive leverage; invest in cryptocurrencies with practical applications, technological advantages, and good communities, such as Ethereum, which has a rich ecosystem of smart contract applications.

- Protect personal assets and increase security awareness: Use secure and reliable wallets, and properly safeguard your private keys, such as choosing hardware wallets like Ledger Nano S; be wary of phishing websites, do not click on suspicious links or download unknown applications; avoid excessively revealing personal information, especially recovery phrases or private keys. There have been instances where someone clicked on a phishing link, their private key was stolen, and all their assets were transferred away.