If you are a novice and have no friends in this field, and you are trying to navigate the cryptocurrency world with your limited internet knowledge and experience, then there is an 80% chance you will be scammed and lose everything. Yes, it can be said without exaggeration that you will lose everything, unless you have a reliable mentor to guide you.
Being scammed is an inevitable experience on the path to becoming an experienced investor in the cryptocurrency world. Most ordinary people who encounter so-called cryptocurrency projects are just being exploited by scammers participating in Ponzi schemes or 'pig-butchering' scams, until one day the project collapses, leaving them with worthless tokens or valuable coins that are taken away by the scammers.
Only after losing everything do novices suddenly realize. Some novices vow never to touch it again, becoming fearful of cryptocurrencies, thinking that blockchain is all a scam. Others will reflect deeply to find out why they were deceived, and then genuinely settle down to learn what blockchain and cryptocurrencies are.
Technology has no original sin; the guilty are those who use it to commit crimes.
In fact, blockchain is not a scam; it is merely a technology, a foundational technology for all cryptocurrencies, and has nothing to do with whether it is a scam or not!
Many scammers are actually leveraging token finance, which involves many dark sides, such as illegal financing, illegal market manipulation, money laundering, hacking, etc.
Breakthrough level layers.
You can view all financial industries in the world as scams, and then study how to avoid the risks within them while also extracting wealth. At this point, your cognition begins to iterate.
Therefore, the height of the starting point is not important, but the speed of iteration is very important.
Retail investors and project parties enter the market at the same time, but two years later, retail investors are still likely to be retail investors, and project parties are still likely to be project parties.
You are an ordinary person. If you don't want to be eliminated, you must keep up with the times, continuously upgrade your mind, and when the wave comes, seize the opportunity, soar for a while, and land smoothly when most people recognize it. That's all.
The first step for novices entering the cryptocurrency world is to know what basic concepts are and clarify the industry’s context, developing a clear worldview of the cryptocurrency world. This knowledge can be obtained by reading my articles for free, or you can pay to consult and learn from me.
Basic concepts: What is blockchain, cryptocurrency, USDT, what is a decentralized wallet, cold wallet, hot wallet, web3 wallet, and other fundamental knowledge.
What is blockchain? What are the mnemonic phrases and private keys for cryptocurrency wallets?
Essential knowledge to learn when entering the cryptocurrency world! Explanation of some commonly used cryptocurrency terms!
How should novices preserve digital assets and avoid wallet theft?
What is Tron (TRX) mining? What are the uses of TRX?
What is a WEB3 wallet, and how do you create a WEB wallet?
What is multi-signature, and what should I do if my wallet has multi-signature?
What is USDT (Tether), and what causes the price fluctuations of USDT?
What is the free transfer of USDT, and what is the TRX energy leasing robot?
If the USDT transfer network was filled in incorrectly, can this be recovered?
How to use USDT for deposits and withdrawals, and how to safely cash out USDT?
Cryptocurrency worldview: What is a cryptocurrency exchange, how to choose one? Cryptocurrency scams, industry practitioners, current situation, legal risks, and ecology.
Risk analysis of the ways some practitioners in the WEB3 crypto circle make money!
Cryptocurrency pitfall guide: Common scams that novices are most likely to fall for in the cryptocurrency world!
Uncovering the 'underwear' of cryptocurrency analysts.
The 'dream of wealth' for cryptocurrency novices, revealing the current state of the OTC cryptocurrency merchant industry.
Everyone is talking about fund safety; what is the safety of funds in the cryptocurrency world?
Why is virtual currency not allowed in the country?
Except for yourself, no one on the battlefield can be responsible for your life or death, just as the cryptocurrency world will not be responsible for your wallet.
Before you understand the basic knowledge of the cryptocurrency world, don't participate in any project. Read the articles of seasoned investors repeatedly until one day you feel ready.
At this point, you are just beginning to leave the novice village. Don't fantasize about getting rich overnight, and don’t take risks to earn money you shouldn't.
You must always be aware that in the predatory cryptocurrency world, 'there are sharp knives from the authorities above and dark hands of manipulators below.'
In the cryptocurrency world, if you can earn without spending, do so. Plan ahead and prepare well; if you have to invest money, only dollar-cost average into mainstream coins, avoiding fluctuations and contracts. Don’t have a short-sighted view, only pursuing short-term benefits, and thinking you can get rich overnight after seeing someone earn thousands in a night.
In the cryptocurrency world, a relatively certain opportunity is to find a few high-market-cap coins at their value lows, using spare money for continuous dollar-cost averaging, unafraid of fluctuations, until profits are realized. It has always been this way, provided you can hold on. If you can't hold on, just consider what I said as white noise.
In the cryptocurrency world, I have truly seen that those who make money and can keep their money are all long-term thinkers.
Even if there is a chance to get rich quickly, it definitely won't be your turn, and you won't be able to grasp it. In the case of insufficient cognition, you believe that all chances of getting rich quickly are scams.
Every cent in the cryptocurrency world is earned through cognition and information asymmetry, with no relation to IQ or ability.
Don't be stubborn, don't try to show off.
At the right time, you must admit that you are a fool.
Admitting that you are a fool is nothing compared to losing everything.
