How can a newbie make money in the crypto space? Let me share some practical tips

How can a complete newbie make money?

If you're a complete novice, take your 3000 yuan and start trading contracts, going from 10x to 100x, but limit your losses to 50 yuan each time (you need a bit of position management + the most basic knowledge)

Seeing the above statement, there will definitely be some people criticizing me.

The reason is simple: 3000 yuan will help you understand what a contract is, which is better than taking 30,000 or 300,000 yuan to experience it. No one, not a single person in the crypto space can avoid contracts; I mean not even touching them with a finger from start to finish. So you will eventually have to trade contracts; only by doing it will you understand why it’s not worth it. Otherwise, if someone tells you that trading contracts is all about gambling, you won't really believe it. One day, when someone you know tells you that they made 200,000 yuan trading contracts (regardless of whether it's true), you will jump in immediately.

Moreover, the barrier to entry for trading contracts is very low; it can be said to be the lowest entry-level project in the crypto space. If you really want to get into the space, trading contracts is the simplest path to cross into it.

Finally, and most importantly, you will lose money trading contracts, even if you make money during the newbie period. However you make money is how you will lose it, because you are a novice; you don’t understand anything, so why should you make money? But once you start losing money, you will begin to ponder how to make money. You will start learning trading, studying technical analysis, and learning how to evaluate projects. Gradually, you will join some quality communities and follow some role models worth learning from. Eventually, you will slowly grow.

Along this journey, you will ultimately find a way to turn things around in the crypto space that suits you. You might become an alpha hunter, battling for 100x returns daily, or you could become a scientist (the affectionate term for programmers in the crypto space, haha), securing an undefeated position. It's also possible that you have a natural talent for trading and can genuinely make money through contracts; it’s all uncertain.