Guide for Beginners in the Cryptocurrency Market: The cryptocurrency market is full of opportunities but also comes with significant risks. For newcomers, blindly following trends can lead to total loss. Here is a systematic guide to prepare for entering the market, helping you avoid common pitfalls and rationally start your investment journey.

1. Solidify Your Basic Knowledge

1. Understand the Core Concepts of Blockchain

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

2. Familiarize Yourself with Mainstream Asset Classes

Bitcoin (BTC): Digital gold, market value 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 Terminology

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 with Small Steps and Trial and Error)

1. Practice Spot Trading

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

2. Dollar-Cost Averaging BTC/ETH

Buy at a fixed time every month to smooth out price fluctuations (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 abuzz discussing 'hundredfold coins,' it often signals a selling opportunity.

Final Advice: The cryptocurrency market operates 24/7 with significant price volatility. Pay attention to your daily monitoring time to avoid emotional trading. Remember—making money in a bull market is luck, surviving in a bear market is skill.