When I first entered the cryptocurrency market, I also fantasized about doubling my money overnight, but then the market trembled slightly, and my tuition fee was instantly washed away. It was only later that I understood that what is most valuable in this market is not the secrets to getting rich quickly, but the wisdom to survive. Today, based on my real experiences, I summarize five life-saving rules for beginners:
1. Invest spare money, not gamble with living expenses.
I have seen people swipe their credit cards to go all in on meme coins, making millions in unrealized gains, but they didn't take profits and ended up with just enough for a meal. The core of investing spare money is: losing it all won't affect basic living. No single project should account for more than 5% of total funds, and total investments should be kept within 10% of liquid assets. The first year in the cryptocurrency market has a loss rate as high as 79%, but those who strictly adhere to the rules can have a survival rate of 68% over three years. Don't complain about the slow pace; surviving is ten times more important than making quick money.
2. Refuse to follow the trend; use data instead of emotions.
Beginners are most likely to fall into 'FOMO' (fear of missing out). Data shows that 68% of popular coins on Twitter halve within a month. Before buying coins, you must do two things:
Check on-chain data: observe the movements of whale wallets, identify the direction of major funds;
Think against the emotions: when everyone shouts 'it's about to break the previous high', you need to stay calm.
3. The more 'boring' the strategy, the more stable the profit.
Frequent trading is a killer for beginners. My transformation started with 'regular investment + mechanical discipline':
Regular investment: buy BTC/ETH at a fixed time every week, ignoring short-term fluctuations;
Layered profit-taking: reduce positions by 30% at 10% profit, 50% at 20% profit, and liquidate at 30% profit for observation;
Strict stop-loss: force liquidation for losses over 10%, and pause trading for 24 hours after two consecutive losses.
This method seems plain, but the returns over three years exceed those of frequent traders by 200%.
4. Control your hands: leverage is poison, withdrawal is the antidote.
I once lost money and angrily opened a 10x leverage position, resulting in liquidation in 17 days. The real data is shocking: 83% of 5x leverage users will be liquidated. Two iron rules have saved me countless times:
Do not use leverage, especially beginners should absolutely avoid it;
When profits exceed 30% of the principal, withdraw the initial investment to secure your gains.
5. Safety is 1, profit is the 0 behind.
If you can't even manage asset custody, talking about profit is just building castles in the air. My safety rules:
Only keep small amounts on trading platforms, store large amounts in hardware wallets;
Write down the mnemonic phrase by hand, never screenshot or store it in cloud storage;
Enable two-factor authentication (2FA) and change your password regularly.
There are no myths in the crypto world, only ordinary people who survive. When you prioritize 'not losing', profits will naturally come to you.
When it gets dark, there are lights; when it rains, there are umbrellas. If you need something, I will always be there! Walking alone is not as good as walking with others. The direction is clear; keep up the rhythm!@luck萧
