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No Beginner Makes Money on Binance – Here’s Why If there are crypto millionaires, it’s because countless newbies are losing money, often unwittingly contributing to the success of more experienced traders. Generating even a single dollar on Binance without experience, basic analytical skills, or a clear strategy is almost impossible. Those who think about crypto, “I just want to make money” without offering anything – no knowledge, no strategy – are setting themselves up for failure. The Illusion of Easy Money We often hear terms like “crypto millionaire,” which lure newcomers into thinking that fortunes are easy to achieve. But the reality is much harsher. Take for example a newbie betting on the Launchpool token – when they lose everything, they end up frustrated and disappointed, saying, “I lost $600!” What they don’t realize is that crypto millionaires are only possible because others are losing. Winners are taking the liquidity of inexperienced investors who: Lack proper analytical skills. Don’t diversify investments into smaller chunks to manage risk. You have unrealistic expectations, driven by the media’s portrayal of quick wealth. Cryptocurrencies are not for everyone Let’s be clear – cryptocurrencies are not for those who are not financially stable or looking for overnight success.To go from being part of the crowd to someone with a fighting chance, the first step is education. --- Getting Started in Cryptocurrency Trading Right 1 Start with spot trading Allocate your funds to small stakes, primarily in stablecoins like USDC. Keep a reserve of USDC (around 15% of your portfolio) for added flexibility. 2 Focus on levels Convert USDC into assets at their lowest price. Understanding price levels is crucial to effective trading. 3 Invest gradually Avoid large one-time investments. Instead, scale up slowly. If you get it wrong, you can minimize your losses. 4 Use limit orders Set buy and sell orders at specific prices to save on fees and optimize your entry and exit points. This can lead to higher profits over time. 5 Stay informed Follow market news to anticipate price movements. Blind trading is a recipe for disaster. 6 Adapt to market conditions In a bear market, consider alternative strategies such as investing in Bitcoin inverse tokens or assets with growth potential. --- The harsh truth about trading Many newcomers think that making $1,000 in cryptocurrencies is easy, thinking that if there are millionaires, making $100 should be easy. This leads them to overinvest, investing $600, expecting quick returns, but losing everything to more experienced traders.Every beginner who enters unprepared loses money, while experienced traders profit from their mistakes. The truth is that trading is one of the hardest jobs in the world. Unlike a low-risk job that pays $10 an hour, trading involves the risk of losing everything. --- Beginner Tips Always use limit orders: They help reduce fees and give you better control over your trades. Be realistic: Cryptocurrency is not a “get rich quick” scheme. It is a skill that requires dedication, knowledge, and practice. Understand the risks: Trading requires taking risks. Fear of loss and overconfidence are equally dangerous. Cryptocurrency is not about luck or shortcuts, it is about knowledge, discipline, and strategy. Beginners who do not respect this reality will continue to feed the winners in the market