Beginners entering the crypto world, want to avoid pitfalls? Learn these few tricks!

For beginners entering the crypto world who want to avoid pitfalls, remember the 6 words 'learn first, act less, choose carefully', and follow specific steps:

1. First solidify the 'fundamental course', don't be 'blind with eyes open'

1. Understand 3 core issues

- What is the crypto world? It's not 'just buy a coin and it will rise', but a digital asset trading market derived from blockchain technology, with options like spot (directly buying coins), contracts (leveraging to bet on price movements), and DeFi (decentralized finance), with risks ranging from low to high.

- How to make money? The safest method for ordinary people is 'buy low, sell high' (spot trading), making money by analyzing project value and market cycles; don't believe in 'doubling in the short term' or 'insider information', 99% are scams.

- Where are the risks? The price of coins fluctuates greatly (a 50% drop in a day is common), projects may go to zero (e.g., due to hacking or team exit), contract leverage can lead to liquidation (losing all principal), and there are various scams (fake apps, airdrop traps, Ponzi schemes).

2. Spend 1 month on 'passive learning', don't rush to enter the market

- Read introductory books: (The Bitcoin Revolution) (Mastering Bitcoin) (understand the underlying logic first, don't just focus on 'making money').

- Follow legitimate platforms: Binance, Coinbase's beginner tutorials, search for 'crypto entrance and pitfalls' videos on Bilibili/Zhihu (look for bloggers with many fans and substantial content, don't trust 'signal teachers').

- Take notes: clarify basic concepts like 'what are private keys/mnemonic phrases', 'how to distinguish mainstream coins (BTC, ETH) from shitcoins', 'how to use a wallet', don't find it troublesome—these are life-saving skills.

2. Start with 'small money to test the waters', practice skills not mindset

1. Initially invest only 'money you won't regret losing'

- Don't believe in 'all in to get rich', in the first 3 months, use **no more than 10% of your monthly income** to test the waters (for example, if you earn 10,000 a month, first invest 1,000), if you lose it, treat it as 'tuition', don't let it affect your life.

- Only buy spot! Only buy spot! Only buy spot! (It's important to say it three times), don't touch contracts, leverage, or meme coins (coins with no legitimate projects); first learn to 'survive in the market'.

2. Start by 'buying mainstream coins', avoid 'new coins/small coins'

- For the first investment, only buy Bitcoin (BTC) and Ethereum (ETH), the two leaders (which account for over 60% of the total market cap, strong against declines), don't buy 'some chain gaming coin' or 'some local mining coin'—you don't know if there is a manipulator behind it, it's easy to get cut.

- Buying logic: for instance, 'the Bitcoin halving cycle is approaching, historically prices tend to rise before and after halving', 'Ethereum is about to upgrade, improving its ecosystem'; don't buy just because 'someone said it will rise'.

3. Learn to 'operate calmly', don't fidget in front of the screen

- The biggest mistake beginners make: staring at the market for 10 hours a day, wanting to sell at a 5% rise, panicking to cut losses at a 3% drop, and in the end, the transaction fees exceed the profits. It's recommended to spend 1 hour a week to check the market, analyze if the logic for the coins you bought has changed (e.g., has the project been implemented, are there any negative policies); if it hasn't changed, hold on, don't be swayed by short-term fluctuations.

- Remember this formula: making big money = good target + holding power; if you buy the right coin but can't hold it, it's the same as not buying at all; if you buy the wrong coin and hold it, you're just giving away money.

3. Avoid the '99% of pitfalls that beginners have fallen into', remember the 'counterintuitive' principle

1. Anything with 'high returns + low risk' is a scam

- For example, 'guaranteed 20% monthly returns from investment mining pools' or 'capital-protected dividends from DAO projects', there's no such thing as 'guaranteed profits' in the crypto world; any promise of 'capital protection' is 100% a Ponzi scheme (using the money from new entrants to pay dividends to old users, it will collapse sooner or later).

2. Don't believe in 'big shots' recommendations or 'community signals'

- Those who truly make money don't have time to guide you; those who want to help you make money either want to earn your transaction fees (e.g., by encouraging frequent trading) or want you to take over (they have already set up a pump and dump scheme, telling you to buy while they sell at a high price). The 'profit screenshots' posted in groups are edited; if someone loses money, no one will talk about it.

3. Protect your 'private key/mnemonic phrase' better than your bank card password

- The private key is the 'only key' to your wallet; if lost, your coins are gone, and no one can recover them; don't take screenshots and store them on your phone (they may be stolen by hackers), and don't tell anyone (including platform customer service, legitimate platforms won't ask for your private key). It's advised to write it down on paper and keep it in a safe place.

4. The core of long-term survival: prioritize 'risk control'

- Diversify your investments: don't put all your money into one coin, for example, 50% in BTC, 30% in ETH, and keep 20% for 'buying the dip' (don't spend it all at once).

- Set 'stop-loss/stop-profit points': for example, 'cut losses at 20% drop (to prevent further loss), sell half at 50% rise (to secure profits, let the rest run)', don't be greedy to 'sell at the highest point', ordinary people can't achieve that.

- Stay away from 'emotional trading': don't panic and cut losses when the price drops (first think 'is the logic wrong?'), and don't chase when it rises (for example, if a coin rises 100% in one day, if you rush in, you're likely to be the one holding the bag). Remember: in the crypto world, the ones who make money are always the 'calm few', not those who 'follow their emotions'.

Finally, a piece of advice for beginners:

The crypto world is not an 'ATM', but a place for 'cognitive monetization'—every penny you earn comes from things you understand; every penny you lose is due to risks you don't understand. Spend 3 months 'understanding the rules', then take 1 year to 'verify the logic', don't think about 'getting rich immediately', focus on surviving first, then talk about making money.