First, Teng stressed the importance of understanding the basics of crypto. He advises new crypto investors to invest time in learning blockchain technology, cryptocurrencies, and other basic concepts.
"Take the time to learn about blockchain, crypto, and other basics," he says.
Second, Teng highlighted the need for thorough research. "Explore various chains, protocols and projects. The key here is DYOR (Do Your Own Research)," he explained.
By studying various aspects of the crypto market, investors can identify promising opportunities and avoid potential pitfalls.
Lastly, Teng emphasized that investors should try it for themselves. "Start small and use a reputable platform," he added.
"Explore and constantly reassess your strategy," adds Teng.
He explained that this cautious approach allows investors to gain practical experience without having to face significant risks. In a follow-up post, Teng advised investors to avoid the fear of missing out (FOMO).
"Don't FOMO. It's definitely something important!" he emphasized.
Teng further reiterated that his tips are based on his personal experience and are not intended as financial advice. Rather, it is a practical guide aimed at helping individuals navigate the often volatile and unpredictable world of cryptocurrencies.
