Cryptocurrency Survival Guide for Beginners: 10 Iron Rules

Core: Survive first, then talk about making money! Losing less is winning.

🧱 Basic Essentials (Don't do it if you don't understand!)

1. Understand the fundamentals: Grasp the core principles of Bitcoin and Ethereum.

2. Recognize the tools: Thoroughly understand the differences and risks between spot trading, leverage, and contracts.

3. Guaranteed profit strategies (choose what suits you)

Lazy win: Long-term holding (HODL) of potential coins (like BTC/ETH).

4. Mindless volatility resistance: Regular fixed investment (DCA) in BTC/ETH, automatic deductions, ignore price fluctuations.

5. Expert territory (beginners beware!): Short-term trading requires extremely high skills & mindset, very easy to lose money.

⚠️ Life-saving risk control (must comply!)

6. Never go ALL IN: Funds should be diversified into at least 3 coins.

7. Stop-loss first: Always set a stop-loss line when opening a position (suggested ≤10% of principal), trigger decisively withdraw!

8. Stay away from the devil: Newbies should avoid leverage above 10x! Leverage is an accelerator for liquidation.

📱 Platform selection (safety first)

9. Two key rules: ① Support cold wallet storage | ② Smooth and lag-free trading. Only choose reliable large platforms!

🧠 Mindset training (anti-humanity operation)

10. When others are enthusiastic, I remain calm; when the market is in panic, I pay attention. Don't chase after surges, don't panic during drops.

11. K-line fluctuations are just numbers; a broken mindset leads to total loss. Stay calm!

📈 Bonus Growth (long-termism)

12. Continuous learning: Follow industry trends, learn basic analysis (act within your means).

💰 Final Advice

Only use pocket money to test the waters! Losing it all shouldn't affect your life.

Ignore “get-rich-quick schemes” and “insider information” - 99% are traps!

Communicate more, don’t reinvent the wheel. Learn from reliable predecessors.

Recognize reality: There is no easy money in crypto! Strictly adhere to discipline, control risks, and losing less/not losing is a victory in stages.