Newcomers in the crypto world, do you want to avoid pitfalls and take the wrong path? Here’s my advice: remember these few rules!

First, don’t touch small altcoins! Those small coins are basically tools for cutting leeks; when they drop, they can plummet to zero or drop by more than 99%, leaving you terrified. It's better to stick with mainstream coins, which are safer and more reliable.

Second, don’t expect money to fall from the sky. The days of tenfold or hundredfold returns in the crypto world are gone. Now institutions and big players are in, and the bonanza is long gone. If a newcomer can preserve their principal without losing money, they are already among the best.

Third, choose your wallet wisely. If you have a lot of funds, it’s best to use a wallet for storage; exchanges are too risky. However, be cautious with small wallets too, as they might just disappear one day.

Fourth, don’t engage in ultra-short trading. Prices in the crypto world fluctuate like a roller coaster; it’s not unusual for Bitcoin to drop 20% in a day, and altcoins can be cut in half at any moment. Hold onto your coins steadily; don’t always think about making quick money.

Fifth, set your stop-loss and take-profit levels properly. Make a rule for yourself: if the price drops to a certain level, cut your losses decisively; if it rises to a certain level, sell immediately, and don’t be greedy. Many people in a bull market fail to take profits in time and end up losing a lot.

Sixth, never go all-in. The crypto world is risky, and even entering and exiting is not safe. Use your spare money and small funds to test the waters first; don’t invest everything at once.

Seventh, learning must not stop. A person can only earn money within their understanding. Even if you make money in the crypto world at the beginning, a lack of understanding can quickly lead to losses, or even debt. So, you must continue to learn and improve your understanding.

Remember these rules, and you will avoid many detours on your crypto journey!

As a seasoned crypto investor, I share my experiences and insights for free. Interested in the crypto world but don't know where to start? Follow me to see my tips, and I’ll guide you to freedom in this bull market.