Hello, Web3 newbies! Are you curious about this decentralized world? But don't rush in, Onchain View is here to tell you the 5 common 'pits' that new Web3 users easily fall into! Avoid these, and your Web3 journey will be smoother!

1. Blindly following others, buying whatever others buy

Did you see everyone in the group saying a certain coin is going to rise, and you just follow and buy? Be careful! The cryptocurrency market changes rapidly; just because others are making money doesn't mean you will too. Make sure to do your own research before deciding!

2. FOMO (Fear Of Missing Out) kicks in, chasing highs and selling lows

💡 FOMO (Fear Of Missing Out): the feeling of 'regretting missing out'. When the price of a coin skyrockets, do you want to rush in? When the price drops, do you quickly want to sell? This emotional trading is most likely to cause you losses!

3. Neglecting wallet security and storing private keys carelessly!

This is super important! Your private key is like the 'bank card password' for your crypto assets; once leaked, your assets are gone!

💡 Private Key: a unique combination of numbers and letters used to sign transactions and prove you own cryptocurrency. Be sure to keep it safe and never disclose it to anyone!

Please make sure to use a reliable wallet and back up your private key in a safe place (e.g., written down). Do not take screenshots, do not store it online!

4. Don't understand technology, randomly click on unknown links

There are many scams in the Web3 world, unknown links may lead to malicious websites, and clicking may result in wallet theft. Always double-check the source before clicking any link!

5. Expecting to get rich overnight, ignoring risk management

Although cryptocurrencies have great potential, the risks are also high. Do not invest all your money; manage your risks and only invest what you can afford to lose.

Which mistakes have you made? Don't worry, knowing your mistakes is the beginning of progress! What other misconceptions about Web3 would you like to learn about? Leave us a message or share with more friends, let's learn together and avoid pitfalls!
#OcV新手 #新手小白