Why do so many people enter the market with enthusiasm, yet frequently suffer losses and setbacks?
This question, in fact, many old friends can share various experiences and lessons learned. Here, I won’t repeat the specific pitfalls, but I would like to offer these summaries from those who have stepped on mines and bled, to every new friend entering the circle.
1. Learn first, then earn; don’t rush to make money.
Understanding basic concepts like exchanges, asset cross-chain, and on-chain ecology is the first step to surviving in the crypto world.
2. Practice with small amounts; don’t rely on hearsay.
Spend a little money to make mistakes personally, summarize experiences, and listen less to “insider tips.” There are too many opinions in the crypto space; the only truly reliable understanding comes from your own repeated verification.
3. Quality circles are very important.
Stay away from meaningless group chats, and communicate more with those who truly understand the field; this can help you avoid many detours.
4. Investment requires independent thinking.
Other people's opinions can be referenced, but the final decision must be yours. Establish your own understanding and framework; this is fundamental to achieving profits.
5. Methods vary from person to person; don’t blindly follow trends.
Holding coins, yield farming, contracts, NFTs—none of these methods suit everyone; finding the path that suits you best is what matters.
6. Basic judgment is essential when chasing hundredfold coins.
Not every “next Bitcoin” is worth pursuing; stories of quick profits are just stories; real opportunities require long-term observation and accumulation of understanding.
7. Patience is fundamental.
Learn to wait, learn to accumulate, and accept the process of being trapped or deceived; these are all your “tuition” for advancement.
8. Recognize the rules; don’t complain or feel wronged.
Acknowledge losses, summarize when deceived, jump out of the rules if possible, and if not, learn to go with the flow. Experts never complain; it's the weak who always blame the market.
9. Learn while doing; don’t just stay at the observation stage.
Participate in projects, try practical operations, and organize notes; practice is the best teacher.
10. Focus on self-growth; don’t be anxious about others’ progress.
Everyone has a different rhythm; persist in learning and reviewing, and you will eventually welcome your own stage of gains.
The crypto world is not lacking in opportunities; what it lacks is clear understanding and continuous growth. Avoiding pitfalls is, in fact, slowly moving towards profit.
Come on, if you don't earn in this market, when will you earn?
