Many friends who are just starting to explore the cryptocurrency world often ask, "How do I get started? Have I missed the best opportunity?" In fact, now is a great time to learn! You don't need to master everything at once; just grasp these 6 fundamental concepts to avoid most common mistakes made by beginners. ⸻
1. What exactly is being bought in the cryptocurrency world? The "currency" in the cryptocurrency world is not just Bitcoin. Common ones include Ethereum, Solana, LTC, etc. But beginners only need to remember one thing: start with mainstream currencies. Bitcoin (BTC) and Ethereum (ETH) are widely recognized as the "leaders" in the industry, with high market capitalization, fast circulation, and relatively mild volatility, making them suitable starting points for learning. It is advisable to avoid newly launched, suddenly popular small currencies, as many people suffer losses when "chasing trends."
⸻ 2. Which platform to choose? Transactions in the crypto circle are completed on 'exchanges', simply put, they are the 'securities firms' of digital currency. Common large platforms include: Binance, OKX, and Huobi, all of which have a good reputation globally. Don't be tempted by the 'low fees' of small platforms; safety is the most important, after all, this is the 'entry and exit' for your funds.
⸻ 3. What is USDT? Why does everyone use it? In the crypto circle, USDT is a stablecoin pegged to the US dollar, serving as a 'transitional role' during trading. You can't buy Bitcoin with RMB directly, but you can exchange it for USDT and then buy BTC, ETH, etc. Similarly, when selling, you also need to exchange it for USDT before withdrawing it to RMB. In summary: USDT is the bridge for trading in the crypto circle; without it, circulation is impossible.
⸻ 4. How high are the risks in the crypto circle? The volatility in the crypto circle is very fast; a day's drop can exceed a month's drop in the traditional stock market. At the same time, it is a market that operates 24/7 without closing, with unlimited rises and falls, and emotional fluctuations can be magnified. Many people initially hear that they can 'get rich quickly', but those who truly make money are the ones who control risks. Beginners must remember one thing: it's better to earn slowly than to lose quickly.
⸻ 5. Why do people say 'Don't touch contracts'? Contracts are a way to 'leverage', to put it bluntly, it's about controlling 100 units with 1000 units; it rises quickly but falls even faster. For beginners, contracts may seem tempting, but they are extremely dangerous; a slight misstep could lead to liquidation. Most experienced players would advise: start with spot trading, as it has the most controllable risks and is suitable for accumulating experience.
⸻ 6. Is it too late to enter now? Many people worry that they have already 'missed the boat'; in fact, digital currency is still in its early stages and has room for growth in the long term. The key is to clarify your goals: • Want to make quick profits from short-term trading? Not recommended, the risks are extremely high. • Want to slowly accumulate assets? Regular investment + long-term holding is the more suitable path for ordinary people.
⸻ Regardless of whether you are curious, observing, or preparing to learn seriously, the most important thing is: do not act impulsively or blindly. The crypto circle is not short of opportunities; what it lacks is people who can make calm judgments. Chen Xi only engages in real trading; the squad still has spots available, so hurry up to join #ETH $BTC #新手必看 #加密货币
