In the cryptocurrency world, to avoid being taken advantage of, remember these core principles:
1. Give up the fantasy of getting rich overnight: There are many opportunities in the crypto space, but very few that provide long-term, stable profits.
2. Diversify your attempts, invest small amounts multiple times: The best way to reduce risk is not to concentrate your funds on a single trade.
3. Stay cautious: Even if you earn 20,000 a month, you cannot be careless; be careful with every profit.
4. Always use stop-loss on contracts: With high leverage in contracts, timely stop-losses are necessary to prevent losing everything overnight.
5. Time and patience are important: After purchasing a cryptocurrency, be patient; blindly chasing short-term gains will only increase risk.
6. Remember: Every profit you make comes from someone else's loss: Maintain a calm mindset and avoid greed.
7. Investing with spare money gives you more confidence: Not relying on this money for living is key to long-term persistence.
8. Stay away from plummeting coins: Coins that have already halved multiple times usually have little value, so avoid wishful thinking.