A Beginner's Guide to Avoiding Pitfalls in the Crypto World: Hard-Earned Lessons Learned with Real Money
When I first entered the crypto world, I was just like a naive rookie, seeing the red and green candlesticks and getting itchy fingers. Now I can tell you from experience: this place can make you rich overnight, but it can also leave you with nothing in three minutes.
What is the crypto world?
It's a digital gold casino created by a bunch of madmen using blockchain technology. Bitcoin is the founding father, Ethereum is the second-in-command, and the rest are all sorts of strange creatures showing off their tricks.
Why are so many people blinded by greed?
Some people bought pizza with Bitcoin back in 2010, and now those two coins are worth a whole house.
But many more rushed in to buy in 2021, and now they have nothing left but their underwear.
Blockchain can indeed change the world, but 99% of coins won’t survive to see that day.
A Complete Guide to Ways Newbies Die (Proven Effective)
Following TikTok masters to gamble, only to find out they’ve already cashed out and run away.
Depositing money in shady exchanges, and the next day the app turns into a 404.
Using 100x leverage to try and get rich overnight, only to receive liquidation texts that are more punctual than an alarm clock.
Lifeline Mantra (Recommended to Tattoo on Your Arm)
Treat white papers like yellow papers: if you don’t understand a project, the money in your pants will warn you faster than your brain.
Choose from the three major exchanges (Binance/OKX/Huobi); smaller exchanges are more prone to collapse than P2P.
Cold wallets are your real father; coins stored on exchanges are just sheep waiting to be slaughtered.
Remember: In a bull market, everyone is a stock god; it’s only in a bear market that you find out who is swimming naked. Before you click the contract button now, check how many coins you have left in your pocket.
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