First, divide the money into three parts, learn to feel the market, and I will tell you how to use them.
Keep a good mindset; don't jump in thinking you will make 10x or 100x right away. That’s unrealistic.
A portion of the money should be used to learn about yield farming, new listings, and other on-chain operations.
Many newcomers added me, and most of them start with the question, 'How much can you earn in the crypto world?' Honestly, hearing this makes me a bit speechless. Indeed, many people in the crypto world have made a lot of money and achieved social mobility, but will that be you as a beginner?
As a newcomer entering the crypto space, the first thing you should think about is risk, not how much money to make. You should consider how much you are investing in this project, what you will do if that money is lost, and what impact it will have on your life and how significant that impact is.
For beginners, the first step in entering the market is to grasp the most basic knowledge, such as registering exchanges, deposits, withdrawals, and transfers, how to add networks on MetaMask, how to find contract addresses for tokens, and how to add tokens through contract addresses in wallets.
For example, newcomers entering the Bitcoin ecosystem should first master the installation, deposit, withdrawal, and transfer of wallets like Unisat, Xverse, and OKX, how to switch wallet address types, how to switch between mainnet and testnet, how to participate in new inscriptions through platforms like ID and GeniiData, how to buy and sell BRC20 tokens on Unisat and Okex markets, and how to find and trade NFT collections in the Me trading market.
As a beginner, you need to practice these things. When there are projects, you can start with a small amount of funds to trial and error, participate with a zero-earnings learning attitude, and gradually accumulate experience instead of immediately thinking about how much money to make. A newcomer who doesn't improve their execution and learning will eventually lose back any money they might have made due to lack of solid fundamentals or other reasons.
Use a part of the money to 'trial and error', you can try out altcoins, attempt to open contracts, and do swing trading. This portion of money is meant for paying tuition fees, teaching you to respect the market.
As long as you are a newcomer just entering the market, too many 'well-meaning people' will message you privately, wanting to lead you to play.
Novices are the most favored targets of scammers because they have many questions, and only scammers will patiently answer them. Scammers have the highest tolerance for them because they focus on their wallets from the very start.
Some directly lead you to play with low-value coins, telling you about a certain token. Most of these are coins they have issued themselves, and they have already formed a set of coin issuance assembly lines.
Additionally, you might see a trading teacher showcasing contract profits; when you see others displaying returns of several times or even dozens of times, you feel tempted and want to trade contracts.
Congratulations, you will at least have to pay a large tuition fee in the contract.
Some scammers run paid contract groups; if you ask, they might say it’s 2000 USDT a month to join, or 500 USDT a month to join. Some might even say for a year.
When someone talks about a year, it’s clear they are a newbie who hasn't played before; no one stays in a contract group for a year without losing everything.
Some groups are free, but you must use their invitation code to register an account, and you must have trading capital; they will verify your funds. Then they will show off, and you won't be able to resist depositing and trading. Then your trading fees will have rebates.
This profit is basically your trading fees. If they are even more unscrupulous, they might lead you to small exchanges to incur losses.
I once saw an article that said an ordinary person exploring on their own would need at least three cycles to start making money.
In the first cycle, you watched various myths of getting rich, entered with confidence, and those with high risk tolerance even borrowed money. But ultimately, you can hardly hold on to your wealth, being taken away by various schemes and traps.
In the second cycle, you learned from the lessons of the previous cycle, mastering basic operations, understanding candlesticks, volume, and price, and learning basic cycle patterns. You learned to diversify your investments.
When the bull market arrives, you watch the prices soar with the market's emotions, feeling incredibly excited. Your positions begin to double, and you taste the sweetness of making money, thinking it will continue because the market sentiment remains optimistic. However, the bear market hits unexpectedly, and you haven't learned to sell, so you will likely experience a rollercoaster ride with the market.
It is only after the third cycle that you may learn how to make money in this market.
These three cycles are hard to violate unless you can follow experienced people, but that is very difficult.
The last portion of money should be invested in regular purchases or new listings, yield farming, and arbitrage to start making money.
The cryptocurrency market is indeed one of the most hopeful ways for ordinary people to turn their fortunes around, but that does not mean the process is smooth sailing. The essence of life is ups and downs, with both gains and losses. What remains unchanged is continuous learning, filling in knowledge gaps, letting go of prejudices, and making money is just a matter of time.
Follow Su Ge closely, use accurate strategy analysis, invest millions in AI big data selection, and position yourself to be invincible? The market has never lacked opportunities; the question is whether you can seize them. By following experienced and the right people, we can earn more!
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