For newcomers, if you want to enter the cryptocurrency market, you must understand the following knowledge;
Entering the cryptocurrency market only requires 100U or 1000U, don't think you can make big money right away. The capital entering the cryptocurrency market is mostly a one-way ticket, with little chance of return. There are many 'hundred-dollar' and 'thousand-dollar' investors in the cryptocurrency market, who started with very small amounts of capital. If you don't play well in the cryptocurrency market, no matter how much money you have, it will just be a bubble. If you play well, even a small amount of money can quickly lead to success. There are many scammers in the cryptocurrency market; if someone privately messages you on WeChat, block them all, they are 100% scammers. Ninety-five percent of first-level market private placements without background are scams or failing projects. Anyone who wants to take you to trade contracts is looking to profit from your losses, trying to get you to follow their trades on their small exchange platforms; you can just curse at these people. Any phishing links or unknown links should not be authorized, as wallets can easily be hacked. There are many tracks in the cryptocurrency market, so learn to focus.
There are a lot of ways to play in the cryptocurrency market: contracts, leverage, spot trading, DeFi, meme coins, blockchain games, NFTs, new coin launches, airdrops, staking, etc. In a bear market, accumulating valuable coins is the highest probability way to make money, but the speed is the slowest. Trading contracts has the lowest probability of making money, but the speed is the fastest. This understanding is essential. Newcomers to the cryptocurrency market need to avoid misconceptions. Chasing highs and cutting losses, over-investing, blindly following trends, frequent trading, blind confidence, and idolizing big influencers.
Newcomers should develop good habits. Maintain a calm mindset, respect the market, learn to discern, actively learn, broaden your understanding, and bravely take the first step.
The cryptocurrency market is the closest place for ordinary people to reach their dreams, but it is also the closest place to the abyss. It is the most likely place for ordinary people to achieve a leap in their social class.
The cryptocurrency market is never short of opportunities. When opportunities arise, are the new investors prepared, can they recognize them, and can they seize them in time?
In the cryptocurrency market, patience and execution are always the top priorities. To become a big player in the cryptocurrency market, in-depth research, clear information, patience in waiting for the right timing, and swift action are essential lessons. Newbies in the cryptocurrency market should comprehensively assess themselves, adequately prepare for risk control, and be mentally ready to face total loss.