#Bnx How beginners can survive in the crypto world!
Practical operations, real goods, quick look, avoid detours
Brothers, the crypto world is a place full of opportunities, but also full of risks. Especially for beginners, it's easy to get overwhelmed by market fluctuations and various 'get-rich-quick myths'.
Don't be greedy: take it slow, don't expect to get rich overnight.
Many beginners enter the crypto world thinking they will get rich overnight, but the result is often a total loss. The fluctuations in the crypto world are very large, with wild ups and downs being the norm, and blindly chasing high prices can easily lead to being trapped.
Set reasonable goals, such as an annual return of 20%-30%.
Don't go all in, and definitely don't use leverage.
Remember: slow is fast, steady is winning!
Learn the basics: don't be 'chives'.
The crypto world has many professional terms and technical analyses. If you don't even understand candlesticks, market capitalization, and tokenomics, you can easily be exploited.
Learn the basic knowledge of blockchain and cryptocurrencies.
Understand the basic logic of mainstream coins (like BTC, ETH).
Stay updated on industry trends, such as policy changes and technological upgrades.
Don't put all your belongings on the line.
The risks in the crypto world are extremely high, and many projects may go to zero overnight. If you invest all your funds, any loss could impact your life.
Invest only spare money, don't borrow money to trade.
Don't invest more than 10% of your total funds in a single investment.
Set stop-loss points; if losses reach a certain level, exit decisively.
Diversify your investments, for example, 70% in BTC and ETH, and 30% in potential altcoins.
Many beginners like to heavily invest in a single coin, only to find that the project collapses or the market crashes, leading to total loss.
Pay attention to different sectors, such as DeFi, NFTs, Layer 2, etc.
Regularly review your investments and adjust your positions based on market changes.
The volatility in the crypto world can make people lose control of their emotions, chasing prices when they rise and selling at losses when they fall, resulting in always buying high and selling low.
Create a trading plan and strictly follow it.
Don't be ruled by FOMO; if you miss one opportunity, there will be another.
Accept losses; losses are part of trading, and what's important is to learn from them.
Learn knowledge and stay calm. The crypto world is not a casino; it's a battlefield that requires wisdom and patience. As long as you proceed steadily and accumulate slowly, opportunities will surely come your way in the future!