The moment you step into the crypto world, you become a candidate for being harvested. This is not your dream launchpad, but a battlefield where countless 'experts' are eyeing your wallet. If you are not calm and rational enough, you will soon become someone else's prey. Remember the following points, and you might just survive; if you don't remember, your tuition fees will be set.
1. Don't think about getting rich overnight: This is not paradise, it's a casino.
The temptation of the crypto world is everywhere: someone bought Bitcoin years ago and is now financially free; a certain 'new project' just launched and has seen tenfold returns. But the truth is: 99% of people only see others' glory and not their own shadow of being harvested.
The fantasy of getting rich quick = actively courting death: Every time someone shouts 'hundredfold coins,' ask yourself, why did the news reach your inexperienced ears first? Greed is a good friend of the scythe: Wealth growth in the crypto world is for the few; for most, the result is that the more they chase the rise, the more they lose.
2. Don't trust the extravagant claims of KOLs: They are not gods, they are salespeople.
Do you think those KOLs shouting daily are your guiding benefactors? Their only interest is to make you pay.
Those who tell you to buy may have already run away: By the time you chase in at a high, they have already cashed out at the peak, leaving you with candlestick charts that make you question life. 'Project friends' = partners in cutting your leeks: Whenever someone uses phrases like 'trust me' or 'get on board,' ask yourself, are you trusting their sincerity or their tricks?
3. Stay away from junk coins: What is a worthless check worth?
There are countless projects in the crypto world, but very few are genuinely valuable. Many project parties can 'tell stories' with just a white paper, and you only find out after buying in that it's just a beautifully crafted scam.
'Celebrity endorsements' are a smokescreen: Novices love the excitement, so project parties pull in celebrities for appearances. But when the coin price halves, looking for the celebrity won't help you. A white paper is not a bible: A white paper you can understand is called a PowerPoint, while one you can't understand is called waste paper.
4. Learn to calculate: Fees, slippage, gas fees can kill you invisibly.
In the crypto world, every transaction is working for exchanges and on-chain.
Frequent trading = continuous bleeding: Fees are not just a minor issue of a few cents; over time, they eat into your profits or even your principal. Gas fees are ridiculously high: Newbies on Ethereum will question whether they are making 'charitable donations' after a few trades.
5. Don't borrow money, don't go all in: The psychology of gambling can leave you bankrupt.
Leverage = the door to hell: Do you think borrowing money to increase your position will accelerate wealth growth? When the market reverses, liquidation will make you understand what it means to be wiped out in an instant. Going all in = sending yourself to death: The worst thing in the crypto world is not loss, but a total wipeout.
6. Don't get addicted to short-term trades: Your opponent is a robot.
Retail investors' short-term dreams are basically impossible to achieve because your opponents are high-frequency trading algorithms; they are faster, more accurate, and not emotional.
Chasing highs and selling lows is a rookie's fate: Every time you think you've seized an opportunity, the result is often that you are the last one picking up the pieces. Making fewer frequent trades and paying less in fees is a way to survive.
7. Learn to doubt, learn to think: The brainless only deserve to be harvested.
The crypto world is an intellectual battlefield, and the cost of blind faith is tuition fees.
Every time you see a 'new concept' project, ask yourself: What problem does it solve? Who is operating behind it? Every time you decide to buy a coin, ask yourself: Am I in it for long-term value, or for speculative fantasies?
The crypto world is not short of novices or tools. If a beginner wants to survive, they must grit their teeth to learn the rules and see through the tricks. If you lack the ability to think calmly, then the crypto world is the best place to cultivate the 'intelligence tax.' Either learn to protect yourself, or be prepared to be cut until you cry. The choice is in your hands.
