Why Newbies Can't Make Money on Binance

Always thinking about making money easily is unrealistic.

We often hear people talk about the "myth of wealth creation in cryptocurrency," and we think anyone can get rich overnight. But the reality is much harsher. Many newbies dive headfirst into some launch pool tokens, hoping to make a big profit, only to end up losing everything and sighing in despair.

For example, someone invested 600 bucks, hoping to turn their fortunes overnight, but in the end, they lost it all. They might shout: "I lost everything!" But the truth is:

The money that experienced traders make often comes from shearing the sheep of newbies. Why do I say this?

Because newbies:

• Don't know how to analyze the market,

• Don't know how to diversify investments to reduce risk,

• Just follow the crowd, influenced by media hype, leading to overly high expectations.

Cryptocurrency is not something everyone can play.

We must be honest—this industry is not suitable for those who can't afford to lose or want to get rich overnight. This field requires knowledge, patience, and a willingness to learn from mistakes.

If you want to go from being a newbie to a profitable expert, the first thing to do is to learn.

How Newbies Can Start Playing with Cryptocurrency

Here are some tips for newbies: if you want to make money smartly, don’t just rush around:

1️⃣ Start with small trades

Don't go all out right from the start. Begin with a little money to practice, invest in stablecoins or something similar, and keep it safe.

2️⃣ Wait for the right opportunity to act

Buy when the price is right. Buying low will lead to different returns.

3️⃣ Diversify your investments

Don’t throw all your money in at once. Spread your investments to minimize risk.

4️⃣ Use limit orders

This can help you set your buying and selling prices, save money, and make you more strategic.

5️⃣ Pay attention to market changes

Markets change quickly. Keep an eye on news and updates, and don’t make hasty decisions.

6️⃣ Go with the market

During bear markets, try looking for reverse Bitcoin tokens or something like that to find growth points.

Recently, I plan to set up a potential coin that is ready to explode; doubling it is quite simple. At the same time, I am looking for some potential coins to hold until the end of the year, with an expected growth space of over 10 times, which is not a problem. If you want to follow along, watch my updates, leave a message, follow, and like.