Divide your money into three parts first, and learn to feel the market first. I will tell you how to use them respectively.
Keep your mind in a good place, don't think you want to make 10 times or 100 times the money right away. That's unrealistic.
Part of the money is used to learn about on-chain operations such as IPOs and new listings.
Many new people have added me, and the first question most of them ask is how much money can you make in the cryptocurrency circle. Really, when I heard this, I was a little speechless. In the cryptocurrency circle, there are indeed many people who have made a lot of money and achieved class crossing, but will that be you as a newbie?
In fact, as a newcomer to the cryptocurrency circle, the first thing you should think about is the risk, not how much money you can make. Instead, you should think about how much money you have invested in this project. What will you do if you lose the money? Will it affect your life? How big will the impact be?
For novices, the first thing to do when entering the circle is to master the most basic knowledge in the circle, such as exchange registration, recharge, withdrawal and transfer, how to add a network to the Little Fox wallet, how to find the contract address of the token, and how to add tokens to the wallet through the contract address.
For example, newcomers to the Bitcoin ecosystem must first master the installation, recharge, withdrawal and transfer of Unisat, Xverse and OKX wallets, how to switch the address types of these wallets, how to switch between the main network and the test network, how to issue new inscriptions through platforms such as ID and GeniiData, how to buy and sell BRC20 tokens on Unisat and the Euro Market, how to find NFT collections on the Me trading market and how to buy and sell NFTs, etc. As a novice, all of these need to be practiced. When there are projects, you can start with a small amount of money to try and make mistakes, practice, and participate with an attitude of learning from scratch, slowly accumulate experience, instead of thinking about how much money to make right away. If a newcomer does not improve his execution and learn, even if he happens to make some money now, he will lose it sooner or later because of a weak foundation or other reasons. Part of the money is used for "trial and error". You can do copycats, try to open contracts, and do swing trading. This part of the money is used to pay tuition and let you learn to respect the market
As long as you are a newcomer, there will be too many "good-hearted people" who will send you private messages and want to take you out to play. Newbies are the most popular among scammers because they have many questions and only scammers will answer them patiently. Scammers are most tolerant of them because they are eyeing their wallets right from the start.
Some will directly take you to play with local dogs and tell you that there is a certain coin. Most of these are Pixiu plates issued by themselves. This has formed a set of coin issuance production lines.
Also, you may see a teacher showing off the contract profits, and you may be tempted by seeing others showing several times or even dozens of times the profits from a single order and want to do a contract.
Congratulations, you will at least have to pay a large tuition fee in your contract.
Some scammers run paid contract groups. If you ask, they will say that you can join the group for 2000U a month, or 500U a month. Some may also say a year.
Those who talk about one year are definitely newbies who have never played this game before, because no one will stay in a contract group for a year, and by then they will definitely lose everything.
In some cases, the group is free, but you must use the invitation code to register an account, and you must have trading funds, and they will verify the funds. Then they will show you their stock, and you can't help but top up and trade. Then your transaction fees will be rebated.
This kind of money is your transaction fee. If you are more unscrupulous, you may even be taken to a small exchange to eat your losses.
I saw an article before that said it would take at least 3 cycles for an average person to make money by themselves.
In the first cycle, you read all kinds of myths about getting rich quickly and enter the market with confidence. Those with a high risk tolerance even borrow money. But in the end, you basically cannot keep your wealth and are taken away by various routines and traps.
In the second cycle, you have learned the lessons of the previous cycle, learned the basic operations, understood the K-line, volume and price, understood the basic cycle rules, and learned to divide the warehouse.
The bull market is here, and you watch the price of the currency soar along with the market sentiment, and you are extremely excited. Your position begins to double, and you have tasted the sweetness of making money. You think it will continue because the market sentiment is still very optimistic. But the bear market comes unexpectedly, and you haven't learned how to sell yet, so you are likely to go on a roller coaster ride with the market.
By the third cycle, you may learn to make money in this market.
These three cycles are difficult to violate unless you can follow experienced people, but this is difficult.
The last part of the money can be used for regular investment, or for new listings, arbitrage and profit-making. This is where you start to make money.
The cryptocurrency world is indeed one of the most promising ways for ordinary people to turn their lives around, but it does not mean that the process is smooth. The essence of life is ups and downs, with gains and losses. What remains unchanged is continuous learning, improving cognition, and letting go of prejudice. Making money is just a matter of time.