One thing I don't see much being talked about here, especially for newbies like me (less than a month of experience) is knowing who to follow, what the correct references are and how some comments on Square are traps.
One thing I learned in practice is that FOMO (Fear Of Missing Out) is real, many people will lose money, more than they normally do by following gurus and profiles that talk about unrealistic things.
That said, I'll leave you with some simple tips that I learned in practice or by talking to people who have been here for much longer.
1. Study the Market
You need to understand the currencies, some projects go from nothing to nowhere, bring an absurd appreciation but only for a short period. You WILL NOT make a fortune in one day, do things calmly and analyze before investing.
2. Don't use your Income, use Reserves
Everyday money is not for investing, think about what your life would be like if you didn't receive a salary for a month, if you started now, would you be able to pay your bills?
No one, at least no one new, will always win, and sometimes the fear of seeing losses makes you make emotional decisions and this costs you dearly, very dearly, sometimes enough to change your life for the worse. The market is not your friend, it rewards wisdom and patience, but it does not forgive when it comes to punishing. 3. Do not trust absurd changes $PEPE will not reach $1 this year, or next year. $DOGE will not be the replacement for Bitcoin. Many people try to make others join the bull market so they can sell for a greater profit using FOMO as manipulation. Try to follow profiles that speak more realistically and neutrally. 4. Do not put all your balance in a single movement. The market is volatile, a moment of rise can turn into a fall for many reasons, whether it is the action of a whale, a statement and government, company action and brokerage. Make purchases by dividing into certain percentages and see if the fall or rise continues before putting more in, this can prevent greater profits, but it can also be a brake that will save your financial life in cases of falls.