Advice for Newcomers to the Cryptocurrency World! Avoid the Pitfalls of Crypto! Read Carefully to Avoid Taking Wrong Turns!!

1. Don't Play with Small Coins Most small coins in the crypto space are designed to exploit investors, they can drop to zero, not to mention a drop of over 99%. If you haven't heard of it and its market cap is small, don't trade it; choose mainstream coins instead.

2. Don't Have Unrealistic Expectations The era of tenfold or hundredfold returns is over. Now major institutions and elites have entered the market, and significant profits are no longer available. Achieving even a doubling of investment is already very good; if a novice can avoid losses, they have already surpassed over 90% of investors.

3. Don't Store Money in Unknown Wallets If you have large amounts, it's advisable to keep them in a wallet, as exchanges also carry risks. If it's a small wallet, there is also a risk of it running away.

4. Don't Engage in Ultra-Short Term Trading Price fluctuations in crypto are vast; it's common for Bitcoin to drop 20% in a day, and altcoins can be halved directly. It is difficult to control short-term trades; hold on to the coins you have.

5. Set Stop-Loss and Take-Profit Targets Set goals for yourself. If the price drops to a certain level, execute your exit decisively. If it rises to a specific level, sell resolutely; don't worry about how much it rises afterwards. Many people lose money in a bull market simply because they don't take profits in time.

6. Don't Bring All Your Funds into Crypto The risks in crypto are too high; both depositing and withdrawing funds carry risks. It's recommended to use your spare money or a small amount of funds to practice in the crypto space first.

7. Keep Learning Knowledge People cannot earn money beyond their understanding. Even if they make a lot at the start, if their understanding doesn't catch up, they will quickly lose it back, and may even incur heavy losses. Continuous learning to improve understanding is essential.

The trends in the cryptocurrency market are filled with uncertainties and challenges, but they also contain potential opportunities. Investors should fully understand the associated risks when participating in cryptocurrency investments, remain calm and rational, and adopt a prudent strategy to cope with market changes!!!#英伟达财报即将公布 #DeSci热度上涨 #币安矿池FB联合挖矿 #市场围绕90K #上市公司比特币战略