Welcome to the cryptocurrency world, a boot camp for newcomers. I am your teacher, Meng An.
Here, opportunities abound amid crises. To survive and become a winner, mere enthusiasm is not enough; discipline is essential. These 10 rules have been earned through lessons learned. If you read them and follow them, you can become part of the top 10% that survives. If you think this manual saves your future self, please like and share it so more newcomers can see it.
⭕ Rule 1: Always invest only what you can afford to lose. This is the cornerstone of all rules. If the money you invest affects your life, rent, or even food, your mindset will definitely become distorted, and your operations will inevitably be flawed.
⭕ Rule 2: Ensuring the safety of your principal is always the priority. The premise of making money is to first avoid losing money. Don't ignore huge risks in pursuit of high returns. I am Meng An, constantly reminding you that as long as the green mountains remain, you need not fear the lack of firewood.
⭕ Rule 3: Focus on studying BTC and ETH. Before you become an expert, most of your positions should be in these two. They are the cornerstones of cryptocurrency, and the risks are far lower than other coins. Don’t let your portfolio look like a zoo of altcoins.
⭕ Rule 4: Do not invest in areas you do not understand; do not buy coins you do not understand. If you cannot clearly explain what this project does and what problem it solves, then do not buy it. Do not invest in things you do not understand.
⭕ Rule 5: Stop staring at the market 24/7. Watching the market won't increase your assets; it will only waste your time, drain your energy, and destroy your mindset. Investing should improve your life, not become a burden.
⭕ Rule 6: Never tell others how much you invested and what coins you bought. This will only bring you unnecessary trouble. If you profit, someone will be envious; if you lose, someone will mock you. Keeping quiet and making a fortune is wisdom.
⭕ Rule 7: Keep learning, but remain skeptical. The cryptocurrency world is ever-changing, and you must constantly learn new knowledge. However, you should also maintain a skeptical attitude toward all information, including what I say. Independent thinking and decision-making (DYOR) are your most important abilities.
⭕ Rule 8: Be mentally prepared for the possibility of losing all your assets. As long as you are investing in high-risk altcoins, you should have the mindset of 'this money might be gone.' This will help you remain calm during a crash and avoid a mental breakdown.
⭕ Rule 9: Master basic security knowledge. Learn to use hardware wallets (cold wallets), do not authorize your wallet on any unclear websites, and do not disclose your mnemonic phrases and private keys. The security of your assets is 100% your responsibility.
⭕ Rule 10: Survive and wait for the bull market. The cryptocurrency market has cycles. Accumulate chips in a bear market and realize profits in a bull market. Surviving in a bear market is victory. As long as you are at the table, there is always a chance.
Finally: Save these 10 rules and engrave them in your heart. Every time you want to FOMO chase highs, panic sell, or take risks, take them out and read them again.
If you think this manual saves your future self, please like and share it so more newcomers can see it. Follow me, Meng An, to help you grow faster.
Survive first, then thrive. I am Meng An; see you at the top of the mountain!
