Experience: Successful traders spend a lot of time researching the fundamentals of projects (white papers, teams, roadmaps), technical aspects (candlestick charts, support and resistance levels), and market sentiment (discussion popularity on X).
Lessons: Blindly following trends without research (such as buying 'moon coins' that are hot on X) often leads to losses. Example: In 2021, many 'Dogecoin imitators' skyrocketed before going to zero.
Advice: Use tools like CoinGecko, Messari to check project data; follow reliable KOLs on X, but verify their information.
Beginners: Start with small investments, choose top 50 altcoins (like ADA, DOT), and use major platforms like Binance; practice with simulated trading.
Experienced: Focus on trend coins like Layer 1/2, AI, RWA; use DeFi protocols (like Aave) to earn extra yield, but be aware of smart contract risks.
Mindset: Accepting losses as part of learning, record the gains and losses of each trade, and continuously optimize.
