The market is complex, and beginners often feel confused: when the market rises, it's hard to make money, and one can easily get 'cut' (lose money), or even end up being lured into commission-based schemes instead of learning to invest. $HUMA
In this regard, here are a few pieces of advice: $CFX
First, do not cling to old dreams.
The last round of one-sided market trends made some people rich through a big gamble, but that is unlikely to happen again this time.
Although there is a market trend now, there are constant fluctuations. If you fantasize about getting rich quickly, you'll only find yourself stuck halfway up the mountain.
Second, beginners should learn to protect their capital before seeking profits.
Blindly following the crowd and getting carried away after winning once due to luck is a major taboo. You must protect your principal, avoid full positions, refrain from putting all your bets on one outcome, avoid using high leverage, and not impulsively buy at emotional peaks. By controlling your losses, you'll have more opportunities to profit.
Third, do not touch coins you don't understand.
The biggest trap in the cryptocurrency world is the lack of self-awareness. If you don’t understand why a certain coin is rising, what its ecosystem and logic are, or who the buyers and sellers are, investing becomes mindless charity. If you have limited knowledge, stick to mainstream coins.
Fourth, do not blindly chase hot topics.
Beginners who don’t understand the market easily become the ones left holding the bag.
This round of hot topics is moving quickly; by the time you see the whole network discussing a certain sector, the main players have already left the scene. A prudent approach for beginners is to use mainstream coins as the base and participate in altcoins with small positions, and avoid chasing explosive coins unless guided by someone familiar.
Fifth, pay attention to overseas news. This round of market trends lags behind domestic news; by the time you see it, others have already finished harvesting.
The pace of the cryptocurrency world is set overseas, with policies and institutional movements happening first in Europe, America, Japan, and South Korea.
For instance, when the Ethereum Prague upgrade test passes, overseas developers immediately post news on Discord, causing ETH to quickly rise by 5%. By the time domestic media translates, verifies, and edits the news, the first wave of the market has already passed, and many who rush in find themselves stuck at the high point.
