Beginner's Guide to Entering the Crypto World

Core Principle: Learn before doing, start with a small amount, control risks.

📚 Essential Learning

1. Understand Blockchain: Familiarize yourself with core concepts such as decentralization and smart contracts (start with the 'Bitcoin Whitepaper' or Ethereum's official website).

2. Know the Mainstream Coins:

BTC: Digital gold, market benchmark

ETH: Foundation of smart contract platforms

Stablecoins (USDT/USDC): Pegged to fiat, hedging tools

Altcoins: High risk, high volatility

3. Master Key Terminology: Distinguish between spot/contract, understand what private keys, Gas fees, market capitalization, and liquidity are.

🛠️ Practical Entry (Start Small)

1. Hands-on with Spot Trading: Use $100-500 to test the waters, familiarize yourself with buying, placing orders, and setting take-profit and stop-loss.

2. Dollar-Cost Averaging Core Coins (BTC/ETH): Invest a fixed amount monthly to smooth out risks without overthinking.

🔍 Learning and Avoiding Pitfalls

1. Use Tools: CoinGlass (liquidation data), Dune Analytics (on-chain data) to assist decision-making.

2. Counterintuitive Thinking: Be cautious when social media fervently hypes “100x coins”!

Set Boundaries: Avoid watching the market 24/7 to prevent emotional trading.

⚠️ Most Important Advice

The risks are huge! Making money in a bull market may involve luck, surviving in a bear market is the real skill.

Don't invest if you don't understand! Solidify your foundation before taking action.

Simplified Key Points:

Consolidate similar items (such as key points of basic knowledge).

Remove specific operation details (like “deduction on payday”), retain core strategies (dollar-cost averaging).

Refine information to discern the core (use tools, reverse thinking).

Strengthen risk warnings as the concluding core.

Make the language more direct and emphasize action principles (like “must-learn”, “counterintuitive”, “smooth out without thinking”).