Guide for Newbies Entering the Cryptocurrency Market: The cryptocurrency market is full of opportunities, but it also comes with huge risks. For newcomers, blindly following trends may lead to total losses. Below is a systematic guide to prepare for entering the market, helping you avoid common traps and rationally start your investment journey.

1. Solidify Basic Knowledge

1. Understand Core Concepts of Blockchain

First, grasp what decentralization, distributed ledger, and smart contracts are before discussing investments. Recommended reading: 'Bitcoin Whitepaper' and Ethereum's official documentation.

2. Recognize Main Asset Classes

Bitcoin (BTC): Digital gold, market capitalization benchmark

Ethereum (ETH): Cornerstone of the smart contract ecosystem

Stablecoins (USDT/USDC): Fiat-backed risk-hedging tools

Altcoins: High-risk, high-volatility assets

3. Master Key Terms

Such as private key/public key, gas fees, market cap, liquidity, contract leverage—at least be able to distinguish between 'spot' and 'contract' before proceeding.

2. Practical Entry Strategies (Start Small with Trial and Error)

1. Practice Spot Trading

Use $100-500 to test the waters, familiarizing yourself with buy/sell orders, market orders, and setting stop-loss and take-profit.

2. Dollar-Cost Average BTC/ETH

Buy at a fixed time each month to smooth out price volatility (e.g., automatic deductions on payday).

3. Continuous Learning and Information Verification

- Data Tools: CoinGlass for liquidation data, Dune Analytics for on-chain holdings.

- Reverse Thinking: When social media is buzzing about 'hundred-fold coins', it is often a selling signal.

Final Advice: The cryptocurrency market operates 24/7 with intense price fluctuations. Be mindful of your daily monitoring time to avoid emotional trading. Remember—making money in a bull market is luck, surviving in a bear market is skill.