1. Start with the basics

When I first started learning about cryptocurrency, I was like everyone else: FOMO, jumping in to buy coins without understanding anything about them. The biggest mistake was 'listening to someone say this coin will x10 and buying immediately.' The result? Buying at the peak, selling at the bottom, and losing money.

👉 Lesson:

• Invest in knowledge before investing in coins.

• Learn concepts such as Bitcoin, Altcoin, Blockchain, hot wallets, cold wallets, and security.

• Follow reputable information channels such as CoinMarketCap, Binance Academy, or trusted YouTubers to catch trends.

2. Choose a suitable investment strategy

After gaining basic knowledge, I started experimenting with different strategies. Here are 3 strategies I have learned:

• Long-term HODL: This is the simplest and least risky way. I choose coins with strong fundamentals like Bitcoin and Ethereum, then buy gradually using DCA (dollar-cost averaging). Even though the market is volatile, I still maintain my confidence in these major projects.

• For example: I once bought BTC at $25,000 (during the COVID-19 pandemic) and held on until now when it increased more than fourfold.

• Short-term trading (swing trading): I use technical analysis to find reasonable buy and sell points. Tools like Bollinger Bands, MA (Moving Average), and MACD are very helpful for identifying short-term trends. However, swing trading requires:

• Discipline: You must set stop-losses and not be greedy when achieving profit targets.

• Strong mindset: The market can go against your predictions.

• Staking & earning passive income: Instead of letting money “sit idle,” I choose to stake a portion of my assets on platforms like Binance or blockchains like Solana and Avalanche. This helps me earn stable interest while still holding my assets.

👉 Lesson:

• Choose a strategy that suits your capabilities and time.

• Combine both long-term and short-term investing to optimize profits.

3. Risk management is a top priority

The crypto market is always highly volatile, it can rise by 10% in one day and then fall by 20% the next day. I have 'burned my account' several times just because I didn't set stop-losses and used too much leverage.

👉 Lesson:

• Diversify your capital: Never go all-in on one coin, no matter how promising you think it is.

• Set stop-loss: Clearly determine the amount you are willing to lose before entering a trade.

• Low leverage: If you are new, you should not use leverage greater than x5 because the liquidation risk is very high.

Real example: I once used x20 leverage to swing trade BTC. The price only dropped by 3% and my account was liquidated. From that, I learned: don't be overly greedy.

Cryptocurrency is not just charts; it is also heavily influenced by news and major events. I always update information daily from reputable sources like:

• CoinTelegraph, CoinDesk, and market analysis channels.

• Keep track of major events such as technology updates, Bitcoin halving events, or legal news from countries.

For example: The BTC Halving in 2024 is predicted to be a major event that will cause BTC to surge. Those who update news early will have a significant advantage.

5. Don't let emotions dominate

The crypto market is not for the faint-hearted. I once bought according to the crowd when I 'FOMOed' and panic sold when I was 'scared' because the market was in red. In the end, I just lost more.

👉 Lesson:

• Always stick to your investment plan.

• When the market declines, stay calm and see it as an opportunity to buy at a good price.

• When the market rises sharply, don't be greedy but gradually take profits to preserve your capital.

Summary of experience

1. Learn knowledge before investing.

2. Choose a suitable investment strategy: Long-term HODL, swing trading, or staking.

3. Risk management: Don't go all-in, set stop-losses, and limit high leverage.

4. Update news daily and keep abreast of market trends.

5. Control your emotions: Invest rationally, not emotionally.


Final advice: Treat crypto investing as a long game. Success does not come from a lucky trade, but from discipline, knowledge, and patience. I wish you success on your cryptocurrency investment journey! ❤️

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If you make a mistake, correct it; if you fail, try again. What is there to be afraid of? ❤️‍🔥