Must-Read for Newcomers! Ten Survival Rules in the Cryptocurrency World, A Complete Guide to Avoiding Pits and Staying Safe

Avoid Leverage, Don't Gamble on Quick Riches: Never borrow money to trade cryptocurrencies; getting rich overnight is a scam, losing your principal is the real outcome.

Trade on Established Platforms: Choose reputable top platforms to avoid risks of collapse; in small exchanges, your principal can disappear in an instant.

Prioritize Mainstream Coins: Allocate 80% of your funds to Bitcoin and Ethereum for stable downside protection; use a small amount to experiment with new coins, but don't put all your money into small coins.

Invest with Spare Money: Only enter the market with money that won't affect your life if lost; a calm mindset is crucial for long-term participation.

Build Positions Gradually: Don't invest everything at once; if prices drop, average down gradually, and ensure you have enough funds to give yourself a chance to recover.

Take Profits Promptly: Sell when you've made a 10%-20% profit; don't be greedy chasing higher prices, as greed will lead to total loss.

Beware of High-Yield Traps: Projects claiming “guaranteed hundredfold returns” in communities are often scams, and you'll be cut down as soon as you enter.

Maintain Composure, Don't Chase Prices: It's common for small coins to plummet; blind trading will only shrink your principal.

Avoid Trusting “Mentors” Who Boast: Those who actively pull you into the game are mostly eyeing your money; free knowledge can be learned, but be cautious with following investments.

Daily Learning is the Only Path: The cryptocurrency world changes rapidly; consistently check market trends and research projects daily to remain undefeated.