1. Solidify foundational knowledge and establish a cognitive framework.
Understanding underlying technology and currency forms: Systematically study core principles of blockchain distributed ledgers, cryptographic algorithms, etc., through books such as (Blockchain Revolution) and (Digital Currency: Bitcoin Data Report and Operation Guide). At the same time, utilize fragmented learning channels like tech popularization videos on Bilibili and columns in Dedao to quickly understand the design logic and application scenarios of mainstream cryptocurrencies like Bitcoin and Ethereum.
Break through industry jargon barriers: Create a dedicated glossary to annotate high-frequency terms like 'smart contract', 'Gas fee', 'Dex (Decentralized Exchange)', etc. It is advisable to follow the terminology popularization sections of platforms like 8btc and Jinse Finance to deepen understanding through real trading scenarios.
Stay in tune with industry trends: Set up a Twitter follow list to track the dynamics of industry leaders like Vitalik Buterin, and subscribe to email newsletters from authoritative media like CoinDesk and The Block. Join Reddit's CryptoCurrency section and participate in community hot discussions.
2. Strengthen security defenses and choose reliable tools.
Select compliant trading platforms: Prioritize leading exchanges like Coinbase and Binance (confirm local compliance), focusing on their regulatory licenses, cold wallet reserve ratios, and historical security incidents. It is recommended to check the liquidity rankings of exchanges through third-party platforms like Non-Small Number.
Safeguard digital assets: It is recommended to use official wallets like MetaMask (Ethereum ecosystem), Trust Wallet (multi-chain compatible), and write down the mnemonic phrase in three copies stored in different physical locations to avoid screenshots or cloud storage.
Project Due Diligence Methodology: Use the '3W Principle' to evaluate projects - Why (what pain point is being solved), Who (is the team background verifiable), How (is the technology roadmap verifiable). Be wary of inducement phrases like 'hundredfold coins' and 'private placement quotas', and check token distribution through browsers like Tokenview.
3. Plan investments scientifically and control risk exposure.
Customize a personal investment plan: Use the '10% risk capital' principle, meaning the invested amount should not exceed 10% of personal disposable assets. Based on personal risk tolerance, allocate funds into long-term holding (60%), swing trading (30%), and speculative experiments (10%).
Build a diversified investment portfolio: Allocate a 'core assets + potential coins' combination, for example, 60% Bitcoin/Ethereum for stability, and 40% allocated to emerging fields like Layer 2 tracks and AI concept coins, but no single project should exceed 15% of the total position.
Cultivate rational investment thinking: Establish a trading log to record the decision basis for each operation, and set an automatic stop-loss line (e.g., mandatory exit at a 15% loss). Stay away from 'insider information' within communities, and take a calm 24-hour pause before major decisions.
4. Continuously evolve capabilities and accumulate practical experience.
Establish a learning feedback loop: Attend weekly AMA (Ask Me Anything) online meetings, regularly read research reports from institutions like Messari and TokenInsight, and deepen understanding through the 'learning - practice - review' cycle.
Low-risk practice path: Participate in simulated trading competitions on exchanges to accumulate market feel, then proceed with small real trades. Pay attention to the contract-following features of platforms like OKX, and observe the trading logic of professional traders.
Build a quality social network: Join high-quality crypto communities on Telegram and Discord, but be wary of 'paid VIP group' traps. Improve industry understanding through participation in DAO (Decentralized Autonomous Organization) projects.
