1Don't trust anyone:
Many newcomers enter this field without knowing much about it, and are easily scammed. There are many scam projects in this circle, so be skeptical of people who share information with you. In addition, there are often various "airdrop links", and each popular project will also have many phishing links that are similar to official links. Be careful to distinguish them, and don't easily authorize your wallet or leak some information.
2. Find high-quality Web3 circles:
The threshold for Web3 is very low, but there is no systematic learning path yet. Although there are many courses, the quality of the courses is mixed, and it is very likely that you will learn fake knowledge mixed with real knowledge. If there are some fake links or orders mixed in with real and valid information, it is easy for a large number of novice users to be deceived. Finding a high-quality circle can gain knowledge beyond your previous cognition, and its efficiency will be much higher than studying hard alone.
3. Get involved in areas you are good at:
The entire Web3 involves many sub-fields, such as DID, Gamefi, PFP, DAO, etc. It is difficult for us to study each field thoroughly. The speed of Web3 hot spots is very fast, but for unfamiliar fields, we should make good capital allocation when chasing hot spots, and remember not to go all in; similarly, we can allocate more funds to familiar fields.
4. If your assets are accidentally leaked, abandon your wallet immediately:
Once any asset in your wallet is leaked, you should abandon it immediately without any fluke mentality. The reason behind the wallet leak is basically that a pool has lost the private key or mnemonic phrase. It may even be a few months ago, but the hacker only remembered to withdraw the assets a few months later. So once you find any signs of trouble, don't have any fluke mentality. Prepare a new wallet as quickly as possible and transfer all the assets away. This is the top priority.
5. Avoid saving your wallet information on the Internet:
Try not to save your private key, mnemonics or other sensitive information on a mobile device connected to the Internet. Try to copy it by hand or back it up on a mobile phone that is not connected to the Internet (a device that is not often used) to isolate possible risks. If possible, do not connect your computer and mobile device to public Wifi.
6. Stay away from contract transactions:
Contracts are relatively risky and addictive. It is not recommended for novices who do not have a mature trading system to participate, otherwise it is easy to suffer large losses. For newcomers, participating in the spot and primary markets is an effective way to increase the principal.
7. Be patient and manage risks:
For most projects, your investment will return to zero, which is normal. A few projects can make you back your investment or make a small profit, helping you to recover some of your losses, but the overall situation is still a loss. However, there will always be some projects where the "god of luck" helps you and allows you to get dozens or even hundreds of times more returns. Therefore, you must be patient and wait for opportunities, and don't go all in.
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