The crypto world is a paradise for speculators, but there are many pitfalls to avoid.
The experiences of those who came before, be sure to read patiently; the entire article is important.
Crypto survival rules: the golden rules of position management and risk control
In the highly volatile cryptocurrency market, a widely circulated saying is worth deep reflection by every investor: "In a bull market, make money; in a bear market, make money; the greedy end up with nothing." A day in the crypto world is like a year in the human world; the wealth effect here is enticing, but the risks are equally staggering. How to survive and continue to profit in this market? The answer lies in scientific position management and risk control.
Knowledge You Should Know When Entering the Cryptocurrency World!
1. Bitcoin and Ethereum are hard currencies in the blockchain world. If new investors don't understand which digital assets to buy, it is recommended to choose BTC and ETH.
2. There are many categories of digital currencies, including: currency type (BTC), platform type (ETH), application type (SC), stable type (USDT), and dividend type (repurchase BNB). Digital currencies have various properties. New investors should only distinguish between valuable coins and worthless coins; valuable coins can be held long-term, while worthless coins should not be touched even if they increase by a thousand times!
3. Legal currency purchasing channels include: over-the-counter trading platforms and private over-the-counter transactions. Over-the-counter trading platforms generally support multiple assets such as BTC/ETH/EOS, while private over-the-counter transactions depend on the scale, with most only supporting BTC and ETH hard currencies. It is advisable to avoid private transactions without guarantees, as it is difficult to recover funds once scammed.
How should a novice start their journey in the cryptocurrency world?
As an experienced trader with over 10 years in the market, let me tell you the correct way for novices to start their journey in the cryptocurrency world. I also started as a novice and gradually made my way to where I am today, from initially investing 8000 to achieving financial freedom, the leap in class was all gained in the cryptocurrency space.
Today I want to share with you how I successfully turned things around as a novice. This article is divided into three parts:
1. The cognitive framework that novices must understand when entering the cryptocurrency world.
2. The complete basic knowledge that all novices should know about cryptocurrency.
3. How the novice can earn their first bucket of gold. Every novice wanting to enter the cryptocurrency world is completely confused.
What basic knowledge do newcomers to the crypto world need to understand to enter this field better?
10 basic knowledge points that newcomers to the crypto world must know.
There are more and more people paying attention to cryptocurrency trading, and many newcomers still do not know where to start. Today, I will share some basic knowledge about the crypto world with these newcomers.
1. What is cryptocurrency trading?
Trading cryptocurrencies means buying at a low price, selling at a high price, earning the difference, and thus making a profit.
2. What is an exchange?
An exchange is a platform for trading digital currencies where you can trade cryptocurrencies and engage in contract trading.
3. What risks are associated with trading cryptocurrencies?
In terms of investment in cryptocurrencies, the most prudent advice is not to invest any money that you cannot afford to lose. Once again, I remind all newcomers to act within their means, and it is advisable not to borrow money.
How much do you know about the cryptocurrency market?
As more and more people focus on the cryptocurrency market, the number of newcomers wanting to participate in trading cryptocurrencies is also increasing. However, there are not many who truly understand the cryptocurrency market. Today, Lulu is here to share some basic knowledge about the cryptocurrency market to help newcomers better get started.
1. Digital currency: The virtual currency used in the cryptocurrency market, such as Bitcoin, Ethereum, etc.
2. Fiat currency: Legal tender issued by the government, such as the US dollar, Chinese yuan, etc.
3. Project party: The company or organization that issues digital currency.
4. Private placement: A way to invest in cryptocurrency projects, where the project party raises funds for platform operations.
What basic knowledge do newcomers to the cryptocurrency world need to better enter this field?
Basic Concepts of Blockchain and Cryptocurrency What is Blockchain: Simply understood as a decentralized distributed ledger, once data is recorded, it is difficult to tamper with Nature of Cryptocurrency: Digital currency based on blockchain technology, not issued and managed by central authorities Understanding Mainstream Cryptocurrencies: Bitcoin (BTC): The first cryptocurrency, a store of value, referred to as 'digital gold' Ethereum (ETH): A platform for smart contracts and decentralized applications, with a rich ecosystem Stablecoins (USDT/USDC): Pegged 1:1 to fiat currencies (like the US dollar), stable in price, commonly used for transactions
What knowledge does a complete beginner need to learn to enter the cryptocurrency world?
1. First, ask yourself a question: “Why do I want to enter the cryptocurrency world?”
Is it to hear friends say, “I doubled my money in a month”? Or do you want to understand the underlying logic of future finance? Different motives lead to completely different paths. If it’s to “make quick money,” please pause for a moment—what the cryptocurrency world excels at is turning those eager to make money into someone else’s profits.
There is only one valid reason to enter the cryptocurrency world: you are willing to spend time learning and accept the possibility of losing money.
2. Four core modules that beginners must master (in order of priority) 1. Security awareness: protecting your principal is victory
Ultimate Guide for Cryptocurrency Newbies: Understanding Basic Logic from 0 to 1
For newcomers to the cryptocurrency world, the complex concepts and volatile market often deter them. In fact, the core of entering the cryptocurrency space is mastering the basic logic and understanding the boundaries of risk. This guide uses plain language and practical scenarios to help you quickly build a cognitive framework and safely embark on your investment journey. 1. Core Concepts: Explained in 'human language', easy to understand at a glance 1. What is cryptocurrency trading?
Essentially the same as stock or real estate trading, it is all about 'buying low and selling high for profit', but digital currency has two unique attributes: 24/7 trading (no opening and closing hours, can be operated at any time) and no price limit (it can double in a single day or drop by half in a single day). This makes digital currency a choice that has far outperformed traditional assets in terms of investment returns in recent years, but the high returns come with proportionally increased risks; returns are always proportional to risks.
Understanding the Cryptocurrency World: From Blockchain to Digital Currency, an Easy-to-Understand Beginner's Guide
Never has there been an industry that creates and consumes wealth so rapidly, filled with innovation and risk, attracting global attention—this is the cryptocurrency world, a new digital finance realm you must know.
The cryptocurrency world, or the field of cryptocurrencies, is an ecosystem built around decentralized digital assets (like Bitcoin and Ethereum). It is not only about investment and speculation; it also represents the application and development of the disruptive technology known as blockchain.
For many, the cryptocurrency world is both enticing and mysterious. This article will guide you through the basic concepts, technical principles, and ways to participate in the cryptocurrency realm, enabling you to gain a rational understanding of this emerging field.
What advice is there for novices entering the crypto world?
The first thing a novice should do is learn how to avoid pitfalls, rather than how to make money.
First, keep in mind that 99% of the teachers on domestic social platforms who offer trading signals are scammers. Even if you observe them for a long time and find that they have skills, you shouldn't believe them, because it's possible for them to make money while you can't. You'll gradually understand why after you enter the circle.
Second, only go to these four platforms: Binance, OKEx, Coinbase, and Bitget; don't go to others.
Third, when buying or selling using WeChat Pay, the other party will definitely try to get close to you and say they want to help you with trades; you must not believe them, as they will certainly lead you to a liquidation.
What knowledge does a complete beginner need to learn to enter the cryptocurrency market?
Let's break it down into a few points.
The first point is the basic knowledge of exchanges. Know how to register, how to verify, how to transfer, how to buy coins, how to sell coins, what spot trading is, what contracts are, and where to find basic information. This will probably take a day or two to explore slowly. There is no technical aspect to it, just get familiar with it.
The second point is to understand the basic underlying logic. What causes the price of coins to rise and fall? Which exchanges can be used, and which cannot? Which coins can be bought, and which cannot? What is the reason for the existence of whales?
The third point is to build your own trading system.
2025 Latest Beginner's Comprehensive Guide to the Cryptocurrency Space
1. Preparation before entering the cryptocurrency space What is the cryptocurrency space? The cryptocurrency space refers to the circles of Bitcoin and other cryptocurrencies, a community centered around digital currency. With the rise of Bitcoin, the cryptocurrency industry has garnered increasing attention.
The cryptocurrency space is actually a vast field, including aspects of cryptocurrency trading, investment, research, and technology development. In this field, there are various figures and events, with countless stories and legends.
The cryptocurrency space has unique characteristics, the first being decentralization. The essence of cryptocurrency is decentralization; there are no institutions controlling currency issuance and trading, but rather secure and transparent transactions ensured by blockchain technology.
The Ultimate Guide for Cryptocurrency Newbies: Understanding Basic Logic from 0 to 1
For newcomers who have just stepped into the cryptocurrency world, the complex concepts and volatile market often make people hesitate. In fact, the core of entering the cryptocurrency world is to master the basic logic and recognize the boundaries of risk. This guide uses plain language and practical scenarios to help you quickly build a cognitive framework and safely start your investment journey. 1. Core Concepts: Break it down in 'human language', easy to understand at a glance. 1. What is trading cryptocurrency?
It is essentially the same as trading stocks or real estate, which is 'buy low and sell high to earn the difference'. However, digital currencies have two unique properties: 24-hour continuous trading (no opening or closing restrictions, can be operated at any time) and no price fluctuation limits (it could double in a day or it could halve in a day). This makes digital currency a choice with investment returns far exceeding traditional assets in recent years, but the high returns come with proportionately amplified risks. Returns are always proportional to risks.
Essential knowledge for beginners in the cryptocurrency world. A must-read for newbies!!!
More and more people are paying attention to cryptocurrency trading, but very few truly understand it. Newbies don't know where to start, so today I will share some basic knowledge about the cryptocurrency world for beginners.
1. Basic Knowledge
I have listed all the important things that newbies should know before, during, and after purchasing Bitcoin.
What knowledge does a complete beginner need to learn to enter the cryptocurrency space?
1. First, ask yourself a question: “Why do I want to enter the cryptocurrency space?”
Is it to hear friends say, “Doubling your money in a month”? Or do you want to understand the underlying logic of future finance? Different motivations lead to completely different paths. If it’s for “quick money,” please pause for a moment—what the cryptocurrency space excels at is turning those eager to make money into someone else’s profit.
The only reason truly worth entering the cryptocurrency space is: you are willing to spend time learning and accept the possibility of losing money.
2. Four core modules that beginners must master (in order of priority) 1. Security awareness: preserving your principal is victory
【Airdrop Tutorial】A Beginner's Guide to Airdrops in the Cryptocurrency World
What is an airdrop in the cryptocurrency world? How to receive airdrop rewards. An airdrop means that you help the project team with some tasks, and then after the launch, the project team gives you certain rewards. ↓↓↓↓↓↓↓↓↓↓For example, the following types↓↓↓↓↓↓↓↓↓ Promoting, liking, forwarding, tweeting, inviting friends to activate the project team's account, etc., similar to marketing promotion and customer acquisition. You help the project team test, which can be quite challenging, such as testing on the blockchain testnet. You need to assist them in testing, for example, conducting token exchanges on their project, cross-chain exchanges, etc., or help them test NFTs, etc. This often requires certain costs, especially on the ETH Ethereum chain, where the fees can be higher;
As a newcomer to the crypto world, what should you pay attention to?
Talk about the most fundamental things in the crypto world, many traders have not understood what I am talking about (this is solid information, and this thing is absurdly sold for 20,000 online), I divide the crypto world into 3 factions: 90% trading faction, 9% defi dividend faction (mining is also counted here), and 1% profit-taking faction. In my opinion, the crypto world can be seen as an institutional joint dividend faction, profit-taking faction, and trading faction.
With 5,000 yuan you enter the trading faction, you might lose it all in 10 minutes of contract experience. If you join the dividend faction, your money is not enough, so what will you choose?
Don't hesitate, immediately join the profit-taking faction. Essentially, the profit-taking faction and the trading faction are not in the same race; they are just in the same circle of the crypto world. So if you ask if it's possible to turn 5,000 from trading into 1 million, then there is no answer to that.
In the cryptocurrency world, how can an ordinary person improve themselves??
Three months ago, when a friend reached out to me, my account only had 5000U left, and I was about to collapse. I just said, 'Don't think about getting rich quickly; first, triple your investment before talking about it.'
He followed my advice and steadily made progress in the first 7 days. On the 8th day, he encountered a bullish candle and made 9800U. He sent a message saying, 'Finally, I see my capital coming back.'
I don't aim to be an internet celebrity, nor do I make money by cutting leeks; I focus on one thing—helping people steadily increase their capital.
Core logic: In the cryptocurrency world, it's not about technology; it's about rhythm and execution. Technical analysis? For retail investors, it's just self-deception. I've seen too many people fall victim to 'heavy positions, chasing highs, and betting on rebounds'—using 10x leverage on altcoins, and a single bearish candle can wipe them out.
Beginner's First Lesson in Crypto: Trap Avoidance Guide
In recent years, I have seen too many friends who are 'new to the crypto world' come in with dreams of getting rich overnight, only to leave empty-handed, or even in debt.
It's not that they haven't learned, but they have fallen into the most common traps in the crypto world. So I want to write a 'Beginner's First Lesson' to help you avoid those traps that are bound to lead to losses right from your first step into the market.
1️⃣ The first trap: Contract addiction Many newcomers jump into contracts right away because they see others posting screenshots of their trading results, 'multiplying their investment by dozens of times.' But the truth is: the vast majority of newcomers fall victim to leverage.
Without position management, they go all in and get liquidated.