Newcomers in the crypto world, don't panic! ❗ Keep these 'pitfall avoidance rules' in mind.
A survival guide for crypto newbies: Master these rules to avoid 90% of the detours.
Are you often confused by price fluctuations and falling into traps by following trends as a newcomer to cryptocurrencies? In fact, there are 'hidden rules' in the crypto world; understanding them can help you save on tuition fees—
1. Understand the cycles and hit the right rhythm.
The characteristics of bull and bear market cycles in the crypto market are evident: bull markets rise broadly (but beware of the final frenzy), while bear markets decline slowly (yet hide layout opportunities). Don’t wait until everyone is celebrating to enter the market, and don’t panic sell at the bottom; learn to judge the cycle stage using 'historical trends + macro environment.'
2. Be wary of emotions and think independently.
'Community calls' and 'influencers recommending coins' are just for reference! Emotions in the crypto world can be extreme; everyone is bullish when prices rise and collectively bearish when they fall. Learn to observe the flow of funds and on-chain data, and don’t be swayed by emotions; stick to your trading logic.
3. Control your position and protect your bottom line.
Never go all in! Use a combination of 'regular investment + swing trading' to build positions in batches and take profits or stop losses in a timely manner. Remember: preserving your principal is essential for long-term capital in the game.
Want to dive deeper into specific rules and practical methods? Follow us for a breakdown of the 'crypto survival toolbox' to guide newbies step by step through their growth journey～
'Folks! Just entered the crypto world and keep falling into traps? Remember these 3 rules—
1️⃣ Understand the bull and bear cycles! Don’t chase highs in a bull market, and don’t panic sell in a bear market; look at historical trends to find the rhythm～
2️⃣ Don’t be led by emotions! Influencers' calls and community hype are no match for observing on-chain data and the flow of funds!
3️⃣ Position control is a must! Don’t go all in; use regular investment and stop losses. Preserve your capital to keep playing!
