Author: Brother Quan, an old leek who once lost money on tuition fees
---
## 📌 Preface: Welcome to the cryptocurrency playground!
Do you feel like you have just entered the cryptocurrency world and have fallen into a rabbit hole? The screen is full of K-lines, incomprehensible terms, and strangers in the group shouting "all in"... Don't panic! Three years ago, I couldn't even tell the difference between "blockchain" and "JiMuChain", but now I have become a veteran in the cryptocurrency world.
This guide does not contain obscure theories, but only **practical experience gained through hard work**. After reading it, you can at least avoid 80% of the pitfalls that novices will fall into! (There is an easter egg at the end of the article~)
---
## 🔍 Chapter 1 Basic Course in Cryptocurrency: Understand These Before Spending Money
### 1. Cryptocurrency = electronic gold?
Bitcoin is not a Q coin! It is more like **global digital gold**:
- ✅ Advantages: Not controlled by banks, fast transfer, and anti-inflation
- ❌ Disadvantages: Prices are like a roller coaster. You can buy milk tea today, but you may only have enough to buy straws tomorrow (don’t ask me how I know)
💡 Advice from veterans: When buying coins for the first time, start with **Bitcoin/Ethereum**, and don’t touch those altcoins with names containing "Dog", "Moon" or "Mars"!
### 2. Blockchain = passing notes across the class?
Imagine the whole class keeping accounts together:
- ✏️ Every transaction is recorded on a "slip" (block)
- 🔗 All the notes are linked together with a password, anyone who wants to change the ledger must bribe everyone
👉 So hackers would rather steal banks than touch Bitcoin!
### 3. Choosing the wrong exchange = giving money to scammers!
Beginners should look for these three:
⚠️ Blood and tears warning: Never go to a fake exchange with a name like "Baofu666"!
---
## ⚖️ Chapter 2 Risks and Opportunities: The Cryptocurrency Circle is Both Heaven and Hell
### 🔴Risks (Must read!)
- 24-hour halving: I have seen a certain coin drop 90% in one day (group members changed their names to "queueing up on the rooftop" on the spot)
- Policy risk: If a country posts a tweet in the early morning, your assets may shrink by 50% in the morning
- Scammer's trick:
- "Teacher takes the order" = let you take over
- "Guaranteed profit project" = ready to run away
- "Wallet Authorization" = Clear your coins
### 🟢 Opportunities (Watch calmly!)
- Bitcoin fixed investment: buy a fixed amount every month to cross the bull and bear markets (suitable for office workers)
- Pick up airdrops: Follow accounts like @BitcoinEmoji, which often post free airdrops
- DeFi Mining: Depositing coins earns interest, but beware of the hidden boss "impermanent loss"!
---
## 🎯 Chapter 3 Practical skills: The life-saving secrets of the old leeks
### 📈 Tips for watching the market
> "Buy at the bottom when the market drops sharply in the morning, reduce your position when the market rises sharply in the morning, and only sell but not buy when the market rises sharply in the afternoon"
(The rules summarized by a big shot who lost 1 million)
Recommended tools:
- Non-small APP: Checking the currency price is like checking the weather forecast
- TradingView: K-line analysis tool (free version is enough)
### 💸 Golden Rules of Money Management
1. A single currency does not exceed 10% of the total funds (even if Musk calls for it!)
2. Withdraw the principal first when the profit exceeds 20% (only when the profit is secured can the real profit be made)
3. Always keep 10% in cash (so you can buy at the bottom when the market crashes)
### 👂 The source of intelligence determines life and death
---
## 🚀 Chapter 4 Advanced Gameplay: The Road from Novice to Expert
### ⛏️ Mining: Ordinary people should stay away from it!
Now personal mining is like **using a toy shovel to dig for gold**, you can't even make back the electricity bill. If you really want to try it, you can try:
- Cloud computing power: crowdfunding to rent mining machines (platforms such as HASHBOX are recommended)
- Mobile phone mining: It’s basically a scam, block them immediately if you see them!
### 🔄 DeFi/NFT: High returns, high risks
- Liquidity mining: deposit USDT and ETH together, the annualized return may be 100%+ (but you may lose your principal)
- NFT anti-scam:
- Don't buy expensive avatars! Start with **free medals** from the exchange
- Beware of the "floor price trap": you think you've found a bargain, but in fact you can't sell it at all
---
💬 Interactive topics:
"What was your first experience buying coins?"
👉 The story with the most likes in the comment section will receive **1-month VIP market tool membership**!
(Secretly: Like and follow before leaving, the chance of getting rich quickly will increase by 50%~)
A single tree cannot make a boat, and a single sail cannot sail far! In the cryptocurrency circle, if you don’t have a good circle and first-hand information about the cryptocurrency circle, then I suggest you pay attention to me and take you to the shore for free. You are welcome to join the team!!!
