First, divide the money into three parts. Learn to feel the market; let me tell you how to use each part.
Put yourself in the right mindset; don't start by thinking I want to earn 10 times or 100 times. That's unrealistic.
A portion of the money is used for learning, engaging in arbitrage, new offerings, and other on-chain operations.
Many newcomers have added me, and most people's first question is how much money can be made in the crypto world. Honestly, hearing this question leaves me a bit speechless. Indeed, many people have made a lot of money in the crypto world, achieving class transitions, but will that be you as a beginner?
As a newcomer entering the crypto world, the first thing you should consider is risk, not how much money you can make. You should think about how much you invest in this project, what you will do if you lose this money, and how it will affect your life. What will be the impact?
For beginners, the initial step in entering the market is to grasp the most basic knowledge within the community, such as how to register on exchanges, deposit, withdraw, and transfer, how to add networks in the MetaMask wallet, how to find token contract addresses, and how to add tokens via contract addresses in wallets.
For example, newcomers entering the Bitcoin ecosystem should first master how to install, recharge, withdraw, and transfer Unisat, Xverse, and OKX wallets, how to switch these wallet address types, how to switch between mainnet and testnet, how to use platforms like ID and GeniiData to engage in new inscriptions, how to buy and sell BRC20 tokens on Unisat and OKX markets, and how to find and trade NFT collections on Me trading markets.
As a newcomer, all of this needs to be practiced. When there are projects, you can start with a small amount of capital to try and make mistakes, participate with a zero-sum learning attitude, and gradually accumulate experience, rather than immediately thinking about how much money to make. If a newcomer does not improve execution and learn, even if they happen to make some money now, they will eventually lose it back due to weak foundations or other reasons.
A portion of the money should be used to 'try and error'; you can engage in altcoins, try opening contracts, and doing swing trading. This part of the money is for paying tuition, allowing you to learn to respect the market.
As long as you are a newcomer, too many 'well-meaning' people will message you, wanting to lead you into their games.
Beginners are the most favored by scammers because they have many questions, and only scammers will patiently answer them. Scammers have the highest tolerance for them because they are focused on their wallets from the start.
Some people directly take you to play with low-quality coins, telling you about a certain coin; most of these are self-issued coins that have already formed a set of coin issuance assembly line.
Additionally, you might see someone showcasing contract profits, and when you see others' returns of several times or dozens of times, you get tempted and want to engage in contracts.
Congratulations, you will at least pay a large tuition fee in contracts.
Some scammers create paid contract groups; when you inquire, they might say it's 2000 USDT for a month to join the group, or 500 USDT for a month. Some may even say a year.
Saying one year means they are definitely a newbie and have never played, as no one would stay in a contract group for a year without losing everything.
Some groups are free, but you must register using their invitation code, and you must have trading funds; they will verify your funds. Then they will show off your achievements, and you won't be able to resist recharging and trading. Your trading fees will have rebates.
The money you make comes from your trading fees; some may even take you to smaller exchanges to share in your losses.
Previously, I read an article stating that an ordinary person needs at least three cycles of exploration to start making money.
In the first cycle, you watch various wealth myths, confidently enter the market, and those with high risk tolerance even borrow money. But in the end, you basically can't hold onto your wealth, falling prey to various traps and schemes.
In the second cycle, you learn from the lessons of the previous cycle, master the basic operations, understand candlesticks, volume, and price, and grasp the basic cyclical rules; you learn to diversify your portfolio.
The bull market has arrived, and you watch the coin prices soar with the market's emotions, feeling incredibly excited. Your position starts to double, you taste the sweetness of making money, and you think it will continue because the market sentiment is still optimistic. But the bear market hits you unexpectedly, and you haven't learned to sell, so you likely go on a roller coaster ride with the market.
By the third cycle, you may learn how to make money in this market.
These three cycles are hard to violate unless you can follow experienced individuals, but that's quite difficult.
The last part of the money should be invested at this time, or you can go for new offerings or arbitrage to seek returns; this is where you start making money.
The crypto world is indeed one of the most hopeful ways for ordinary people to turn their fortunes around, but that doesn't mean the process is smooth. The essence of life is ups and downs; there are gains and losses. What remains unchanged is the continuous learning, filling in knowledge gaps, letting go of prejudices; making money is just a matter of time.
Continuing to fight alone, relying on luck to make money, will ultimately lead to losing based on skill and being submerged in the market's torrent!
The market never lacks opportunities; the question is whether you can seize them. By following the right people, you can survive long-term in the market and make more money!
Bulls have their strategies, and bears have their playstyles. Xinjie will not lead fans to liquidate, nor will she open positions blindly. It's all about steady victory; those who want to profit should follow Xinjie!