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Vinh Nguyễn - Degen Insight
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5 Things I Wish I Knew When Starting Out in Crypto
1. Get-rich-quick schemes are not for the majority
You and I both entered Crypto lured by stories of "x10 or x100 returns" and witnessing the past successes of others.
However, the reality is far from easy. Crypto is a zero-sum game. For every flashy image of a millionaire account you see on social media, there are countless people losing money in the shadows that you never hear about.
Therefore, treat Crypto as a long-term investment or a serious profession. Focus on it, learn to build sustainable profits, and stop viewing it as a casino. Sustainable growth is far more important than the flashy "moonshot" narratives built by social media.
2. No technical indicator is a "Holy Grail" in trading
Many beginners spend hours searching for a "magic" indicator that can predict price direction with 100% accuracy. The harsh truth is: that simply doesn't exist.
Whether it is RSI, VSA, or ICT, all of these methods are based on probabilities.
You must learn to accept that losing is a part of the game. Only when you embrace this can you remain calm during a loss and eventually start generating consistent profits.
3. All trends are temporary – Don’t become "liquidity" for others
From Metaverse and GameFi to Memecoins or RWA, every season brings new narratives designed to attract capital. These trends aren't inherently "wrong"—they bring excitement to the market—but they carry immense risk.
If you don’t know who the "exit liquidity" is in a trade, it’s likely you. Learn to make your move when the market is still skeptical, and take profits when the crowd is at peak euphoria—just as I shared in my previous video regarding the Fear and Greed Index.
4. Knowledge first, capital second
Never put your money into a token just because you heard a "signal" or a "shill" on Telegram or Facebook. Before buying, you must be able to answer these questions yourself:
What problem does this project solve?Is the Tokenomics inflationary?Who is the development team? What is their specific experience?Is the product launched yet, and what is the actual user experience?
Knowledge provides you with a firm psychological foundation. When the market shakes, those with knowledge see an opportunity to increase their position and buy more assets. Those without knowledge—who don't understand what they own—will panic and cut losses right at the bottom, only to regret it later.
5. Risk management is the key to market survival
In Crypto, you don’t lose when a single trade hits a loss; you lose when you no longer have the capital to try again.
I personally apply the 2% rule: I only accept a maximum loss of 2% of my total capital per trade, with a minimum Risk:Reward (R:R) ratio of 1:1. This way, even if I lose 10 trades in a row, I only lose 20% of my capital, leaving me with plenty of opportunities to recover.
Thank you for reading this far. I hope these insights help you in the upcoming Altcoin season and prevent you from making the same mistakes I made in the past.
You and I both entered Crypto lured by stories of "x10 or x100 returns" and witnessing the past successes of others.
However, the reality is far from easy. Crypto is a zero-sum game. For every flashy image of a millionaire account you see on social media, there are countless people losing money in the shadows that you never hear about.
Therefore, treat Crypto as a long-term investment or a serious profession. Focus on it, learn to build sustainable profits, and stop viewing it as a casino. Sustainable growth is far more important than the flashy "moonshot" narratives built by social media.
2. No technical indicator is a "Holy Grail" in trading
Many beginners spend hours searching for a "magic" indicator that can predict price direction with 100% accuracy. The harsh truth is: that simply doesn't exist.
Whether it is RSI, VSA, or ICT, all of these methods are based on probabilities.
You must learn to accept that losing is a part of the game. Only when you embrace this can you remain calm during a loss and eventually start generating consistent profits.
3. All trends are temporary – Don’t become "liquidity" for others
From Metaverse and GameFi to Memecoins or RWA, every season brings new narratives designed to attract capital. These trends aren't inherently "wrong"—they bring excitement to the market—but they carry immense risk.
If you don’t know who the "exit liquidity" is in a trade, it’s likely you. Learn to make your move when the market is still skeptical, and take profits when the crowd is at peak euphoria—just as I shared in my previous video regarding the Fear and Greed Index.
4. Knowledge first, capital second
Never put your money into a token just because you heard a "signal" or a "shill" on Telegram or Facebook. Before buying, you must be able to answer these questions yourself:
What problem does this project solve?Is the Tokenomics inflationary?Who is the development team? What is their specific experience?Is the product launched yet, and what is the actual user experience?
Knowledge provides you with a firm psychological foundation. When the market shakes, those with knowledge see an opportunity to increase their position and buy more assets. Those without knowledge—who don't understand what they own—will panic and cut losses right at the bottom, only to regret it later.
5. Risk management is the key to market survival
In Crypto, you don’t lose when a single trade hits a loss; you lose when you no longer have the capital to try again.
I personally apply the 2% rule: I only accept a maximum loss of 2% of my total capital per trade, with a minimum Risk:Reward (R:R) ratio of 1:1. This way, even if I lose 10 trades in a row, I only lose 20% of my capital, leaving me with plenty of opportunities to recover.
Thank you for reading this far. I hope these insights help you in the upcoming Altcoin season and prevent you from making the same mistakes I made in the past.
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.