When a newbie comes in, there are two situations. Either a "friend" recommends a certain coin as good and promising, and it has increased by x-fold and is brought into the circle. In this case, I will tell you a few common pitfalls.
1. They ask you to go to an unknown small exchange to buy coins. These are usually coins with shallow pools and low trading volumes. The coins are not listed on any of the larger exchanges. You should be careful. First of all, many small exchanges have many pitfalls. You may deposit a lot of money into the exchange, but then you will be stuck when you need to withdraw the money. Or more directly, many small exchanges will take advantage of customers. In the worst case, they will just run away. You must be careful when someone asks you to download a small exchange. There are only a few leading exchanges in Erquan, Eran, Ouyi, and BG. I usually use these three. It is completely enough for novices to use these large exchanges.
2. You need to carefully identify what this coin is, what track it is a copycat of, what is its TVL, and how is its circulation? You definitely don’t know these things at the beginning, so you need to learn, instead of just believing what others tell you. Many people were deceived into buying unknown coins, and ended up with nothing. Not to mention buying the coins, it may be a scam. Who can you cry to then?
The second situation is that you may have heard about the myth of Bitcoin making you rich, and you came to the market with enthusiasm. You need to learn how to use the exchange and the basic operations. These are very easy to learn. If you have difficulties, you can also send me the information privately. Then you may fall into a few pits. You may see a teacher showing off the contract income. You see others showing several times or dozens of times the income of a single order, and you are tempted and want to do contracts. Congratulations, at least you have to pay a lot of tuition fees in the contract.
I want to tell you the truth. People who work in finance rarely make money from trading, contracts, or futures. What they really make money from is trading commissions and profit sharing. Many people don't know this. The truth is that they make money from trading fees, channel fees, and profit sharing.
If you are interested in this, how do they harvest you? There are several scams, such as making two accounts, each with 100U. One opens a short position and the other opens a long position. Then they make a profit and close the positions at the same time. Finally, take a screenshot of the one with the highest rate of return and show it. But the absolute value is blocked. Another way is to make 10,000U each. One opens a short position and the other opens a long position, and then close the positions together, and take a screenshot of the rate of return and the absolute value of the profit. If you ask, he will say that you can join the group for 2,000U a month, or 500U a month. Some may also say one year. Those who say one year are definitely newbies who have never played before because no one will stay in the contract group for a year, and they will definitely lose all their money by then. The third type is that the group is free, but you must use his invitation code to register an account, and you must have trading funds, and they will verify the funds. Then they will show you as much as they can, and then you can't help but recharge and trade. Then your transaction fees will be rebated. These are several scams of contracts. You must be careful. There is also a common one, which is to do copycat. You look at a wide variety of coins and don’t know what to buy. You see the increase list, but as soon as you buy in, you are trapped. This is also a common pitfall for many newbies. It is best to learn first. You need to know which track you want to make money in and what your investment style is. Find an investment that suits you. If you want to dig deep in the market and can’t find a clue, you want to get started quickly. Follow me to share your free introductory information. If you are an old leek, I hope these can help you establish a good worldview and cognition, and take fewer detours. I don’t sell courses, don’t take orders, don’t play contracts, and don’t play capital. The above content is experience sharing and does not constitute advertising marketing and investment advice. I hope everyone will be responsible for every decision in life. Come on!