For beginners to make profit in crypto, they should focus more on strategy and discipline, not just "luck" or "guessing."
Here’s a simple step-by-step guide:
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1. Start with learning, not trading
Understand what blockchain, Bitcoin, Ethereum, and DeFi are.
Learn basic terms: wallet, gas fee, NFT, staking, etc.
Tip: Free YouTube channels, Twitter, and blogs are very helpful.
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2. Use trusted exchanges and wallets
Start with major platforms like Binance, Coinbase, or Kraken.
Set up a non-custodial wallet (like MetaMask or Trust Wallet) for better control later.
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3. Start small
Don’t invest big amounts at first.
Even $10–$50 monthly investments can grow over time (called Dollar Cost Averaging (DCA)).
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4. Pick strong projects
Focus on top coins like Bitcoin (BTC), Ethereum (ETH), and a few strong altcoins.
Avoid very new or unknown coins unless you have researched deeply.
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5. Practice long-term holding (HODLing)
Beginners usually make more profit by holding for months/years, not trading daily.
Historical data shows Bitcoin and Ethereum reward patient holders.
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6. Learn basic technical analysis (TA)
Simple indicators like RSI, moving averages, and support/resistance can help entry/exit timing.
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7. Never FOMO or panic
FOMO = Fear of Missing Out. Buying too late in hype usually causes losses.
Panic selling in dips is also common — patience wins.
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8. Take profits regularly
If a coin pumps 2x, 3x, or 5x, take out some profit.
Maybe recover your initial investment and let the rest ride free.
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9. Stay updated on news
Crypto moves fast with news (e.g., ETF approvals, regulations, hack news).
Follow crypto news on Cointelegraph, Decrypt, or Twitter (Crypto Twitter = "CT").
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10. Avoid scams and promises of guaranteed profits
No legit project or person will "double your money" or offer "sure profits."
Always be skeptical.
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Simple beginner strategy example:
> Invest 70% in Bitcoin and Ethereum
20% in a few strong altcoins (e.g., SOL, MATIC)
10% in riskier small caps (only if you research them!
DCA every week or month, no matter market price
Hold for 1–2 years.
Take profits if things pump hard.#BinanceAlphaPoints #TariffPause #BTCvsMarkets #BinanceHODLerSIGN #CryptoMarketCapBackTo$3T $BTC $ETH $BNB