The first and most important thing to get in touch with this market is that you need to understand where your skills lie.

In other words, what do you want to rely on to make money in the currency circle?

If you say that I just want to invest in Bitcoin, then you must read 9 God’s article. He is very well written. He is a true Bitcoin believer and value investor.

If you want to make money with technology, then you must read the Bitcoin white paper, or read "Mastering Bitcoin", and then learn the relevant technologies.

If you want to trade, then you have to learn about each sector. Basic trading knowledge. There is also a lot of fragmented knowledge. What’s more important is that you have to personally participate in this market to feel it, as experience will be lost.

Of course, there are many predecessors' experiences that you can also learn from, especially the many scammers and pitfalls in the currency circle. I have also written many articles and compiled some information. Maybe one of my articles can help you avoid countless losses. You must learn to avoid pitfalls. In this market, you'd better just believe in yourself.

When a newbie comes in, there are two situations. Either they are recommended by a "friend" that a certain coin is good, has a future, and has increased by x-fold, and they are brought into the coin circle.

In this case, let me tell you a few common pitfalls

1. Ask you to go to an unknown small exchange to buy. This usually involves coins with shallow pools and low trading volumes. Even the bigger exchanges don’t have them. Be careful.

First of all, many small exchanges have many pitfalls. You may deposit a lot of money into them, but then they will block you when you want to withdraw money. Or more directly, many small exchanges will take advantage of customers, and in the worst case, they will just run away. You must be careful when someone asks you to download a small exchange.

In the cryptocurrency world, there are only a few leading exchanges, Binance, Oui, and BG. I usually use these three. These big exchanges are completely sufficient for beginners.

2. You need to carefully identify what this coin is, what track it is a copycat of, what is its TVL, and how is its circulation? You definitely don’t know these things at first, so you need to learn, instead of just believing what others tell you.

Many people were deceived into buying coins they didn’t know, and ended up with nothing left in their hands. Not to mention who to buy back, the entire thing might have been a scam. Who can you turn to when the time comes?

In the second case, maybe you heard about the myth of Bitcoin making you rich, and came to the cryptocurrency circle with a passion.

Once you come in, you need to learn how to use the exchange and the basic operations. These are all very easy to learn. If you have any difficulties, you can also send me the information privately.

Then you may fall into a few traps. You may see a teacher showing off the contract income. You may see others showing several times or dozens of times the income from a single order, and you may be tempted and want to do contracts. Congratulations, at least you have to pay a lot of tuition fees in the contract.

I want to tell you the truth: people working in finance rarely make money by trading, and rarely make money by doing contracts or futures.

What they really make money from is the commissions from transactions and the share of the profits from transactions. Many people don't know this.

The truth is that they earn transaction fees, channel fees, and profit sharing fees. If you are interested in this, how do they harvest you? There are several scams

For example, create two accounts, each with 100U. Open one short and one long. Then close both positions when they make a profit. Finally, take a screenshot of the one with the highest rate of return and post it. But block out the absolute value.

Another way is to get 10,000 U each, one opens a short position and the other opens a long position, and then close the positions together, and take a screenshot of the profit rate and absolute value of the profitable one.

If you ask, they will say that you can join the group for 2000U a month, or 500U a month. Some may say one year. Those who say one year are definitely newbies who have never played, because no one will stay in the contract group for a year, and they will definitely lose everything by then.

The third type is that the group is free, but you must use his invitation code to register an account, and you must have trading funds, and they will verify the funds. Then they will show you as much as they can, and then you can't help but recharge and trade. Then your transaction fees will be rebated.

These are some of the scams of the contract, be sure to be careful

Then there are also copycats. You look at the dazzling array of coins and don’t know what to buy. You see the price increase list, but as soon as you buy in, you get stuck. This is also a common pitfall for many newbies. It’s best to learn first. You need to know which track you want to make money in.

Most of the people who come up to guide you to the first level are scammers. There are several tricks:

The first type directly takes you to play with local dogs. Most of these are Pixiu plates issued by themselves. This has formed a set of coin issuance production lines.

They use popular words, deploy contracts to issue coins, find a few KOLs to promote, and establish a WeChat group consensus group. After a set of processes, a dog and pixiu disk on the BSC chain is deployed. This is to see who runs faster. Once the banker withdraws liquidity, it will spiral down. Many "cryptocurrency scams" seen in the news are of this kind.

The second way is to tell you that I have a coin that is being crowdfunded and privately funded, and you can buy it one level in advance. Just mark it as a scammer.

There are already people investing in really good projects. You won't get this opportunity. Just remember that anyone who asks you to pay first should be marked as a scammer.

Many people think that the primary market makes money quickly, which is true, but the primary market is very complicated. You only see a few cases of people getting rich by chance, but you don’t see the pain of countless people being cut behind the scenes.

If you want to play level 1, you must learn more and communicate more, instead of just believing what others say.

I am Si Qing. If you want to delve deeper into the cryptocurrency world but can’t find a clue, everyone is welcome to communicate and learn in our small circle. $BTC $ETH #WIF #SHIB #Meme