When I first entered the cryptocurrency world, I was a complete novice, unable to understand candlestick charts, let alone technical analysis and capital management. During that time, I fell into various 'death traps' in the crypto space: being scammed into buying worthless coins by 'insider information', resulting in projects running away; following the trend to do high-leverage contracts, losing my principal overnight; believing in 'capital protection with high returns' investment plans, only to see the platform collapse.
Learning from my mistakes, after a year of struggle and experience, I not only avoided these traps but also became a stable and profitable expert. Today, I will summarize the 3 'death traps' that are easiest for cryptocurrency novices to fall into, helping you avoid unnecessary detours.
The first trap: 'Insider information' and 'Guaranteed high returns.' There is no such thing as 'insider information' in the cryptocurrency world; those who tell you there is insider information are actually trying to take advantage of you; and 'guaranteed high returns' is even more impossible; high returns inevitably come with high risks, and promises of capital preservation are likely scams. The second trap: high leverage and frequent trading. High leverage amplifies risks; with 10x leverage, a 10% fluctuation can lead to liquidation; frequent trading not only increases transaction fees but can also lead to poor decisions driven by emotional fluctuations. The third trap: chasing air coins. Many air coins are well-packaged, promoting 'doubling overnight,' but in reality, they have no actual value; behind them is pure capital speculation, and once the speculation ends, prices will plummet, trapping countless unsuspecting investors.
Newcomers want to survive in the cryptocurrency world must first avoid these traps, then learn from basic technical analysis and capital management. I have compiled a guide (Cryptocurrency Newcomer Pitfall Avoidance Guide), which includes common trap cases and basic trading skills. If you are a newcomer to the cryptocurrency world, follow me, and I will share this guide with you for free!@男神说币 #巨鲸动向 $BTC
