Ten heartfelt truths for newcomers to the crypto world! Every word is worth its weight in gold!
1️⃣ The crypto market is no longer the place where you could casually buy and make a fortune. Don't think you can just find any coin and multiply your investment by dozens or hundreds of times; such opportunities are rare now.
2️⃣ The first-level market's new listings sound appealing, with small investments yielding high returns, but you should know that 99% of projects will ultimately turn to zero. Even if they make it to smaller exchanges, those internet celebrities will tell you to hold on while they quietly retreat.
3️⃣ Playing contracts with all your funds and high leverage sounds exciting and you can earn quickly, but you can lose even faster. The essence of trading coins lies in steadily snowballing your gains, rather than focusing on how much you made on a single trade.
4️⃣ Regardless of whether you are a student or a young person, focusing on your studies, self-improvement, and stable income is the right path; trading should only be a side hustle. Trading is not a game for overnight wealth; it requires time and patience.
5️⃣ Wealth and fortune will not easily come to those who are unprepared and lack virtue. When trading, don't get carried away when you make a profit, and don’t be overly self-critical when you incur losses. Profits and losses are the norm in the market; learn to reflect and summarize.
6️⃣ Those flaunting their holding profits may only have made money on a single trade. Be careful and observe the daily trades; don't accidentally follow some perpetual profit master!
7️⃣ Contracts are a double-edged sword; 80% of those who play contracts will lose everything. Human desire is an endless pit, and very few can truly quit gambling and trade rationally. Once you lose control, all your previous profits and capital can vanish.
8️⃣ If you want to make money in trading, you need to have your own judgment; don't just follow others blindly. You can listen to others' experiences, but you need to explore and find a money-making method that suits you.
9️⃣ Talk more with experienced traders in the crypto world, even if they have been trading for years and are still losing money. You can learn a lot from them about the reasons for their losses, helping you avoid their mistakes. Who knows, by doing the opposite, you might find that making money is actually quite simple.
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