《Beginner's Guide to Avoiding "Landmines" in the Crypto World》

As a newcomer to the crypto world, be careful to avoid these "landmines" and take fewer detours:

1. Be Cautious When Choosing Coins: Many small-cap coins are "scalpers for retail investors," experiencing dramatic drops to near-zero and declines over 99% are common. Avoid low-market-cap, unknown coins, and prioritize mainstream currencies.

2. Lower Your Expectations: The era of getting rich quickly in crypto is hard to replicate; now institutions and elites are entering the market, and the time of massive profits has passed. For newbies, doubling your investment is already good; not losing money puts you ahead of over 90% of beginners.

3. Identify Wallets: If you plan to store a lot of funds in a wallet, choose carefully. Small wallets are prone to scams, and exchanges are not safe either.

4. Avoid Ultra-Short Trades: The crypto market is like a roller coaster; a 20% daily drop in Bitcoin is normal, and it’s common for altcoins to halve in value. Ultra-short trades are difficult; it’s better to hold your coins steadily.

5. Set Profit and Loss Lines: Establish a "exit line"; decisively cut losses if the price drops to a certain point, and firmly take profits when it rises to your target. Don’t be greedy for further gains; many who lose money in a bull market do so because they don't understand when to take profits.

6. Control Your Investment Capital: The crypto world is high-risk; entering and exiting the market carries risks. Don’t bet your entire fortune; use idle funds for small-scale experiments to familiarize yourself with the environment.

7. Keep Learning: Knowledge dictates wealth. Money earned by luck can easily be lost through skill or even lead to debt. Continuously learning about crypto market knowledge enhances your understanding and helps you establish yourself in the market.

The crypto market is complex, with opportunities and challenges coexisting. Investors should fully recognize the risks before entering the market, remain calm and rational, and use a prudent strategy to respond to the unpredictable market.

If you want to delve deep into the crypto world but can't find a direction, and wish to quickly understand the information gap, whether it's contracts or spot trading, you can 👉 learn more in my profile #灰度SUI信托基金 #比特币市场波动观察