1. The essence of the cryptocurrency world: A 'market' that never closes for 24 hours.
Trading coins = buying low and selling high? Yes, but the devil is in the details!
Like the logic of stock and real estate trading, but the cryptocurrency world has two major characteristics:
24-hour trading: Don't panic during midnight crashes; it might just be the big players in Europe and America getting up to relieve themselves.
No limit on price fluctuations: Doubling your money in a day is great, but a halving is even 'greater'; if you have a weak heart, tread carefully.
My opinion: Don't treat trading coins as your 'main job', it's better to practice as a side job. In my first year, I used pocket money to test the waters; even if I lost, it didn't affect my ability to eat or sleep, so my mindset remained stable.
Exchanges = 'banks' + 'brokerages' in the crypto world
Newbies often ask: 'Do I need to download dozens of apps?'
Wrong! Prioritize top platforms (like Binance, OKEx), for three reasons:
Safety: Smaller exchanges may run away with your money, while top platforms are at least publicly regulated.
Cheap: Major exchanges have low fees, and even small transactions can save you money for bubble tea.
Convenience: The app integrates market data, news, and trading into one-stop service.
Pitfall warning: Don't casually search for exchange links on Baidu! 99% are phishing sites; remember to download from official channels.
USDT: The 'temporary parking space' of the crypto world
Why exchange for USDT before buying coins?
It is pegged 1:1 with the US dollar, price stable, equivalent to 'temporary cash' in the crypto world.
Buying BTC/ETH with USDT is more flexible, like exchanging shopping cards for products, avoiding the exchange rate fluctuations when buying coins directly with RMB.
Beginner's mantra: RMB → USDT → other coins; reverse the operation when selling coins.
Two, key points for beginners: three types of coins, two words, one red line
Three types of coins are the bottom line:
Bitcoin (BTC): The 'gold' of the crypto world, relatively low volatility, a must-have for newbies.
Ethereum (ETH): Rich ecosystem (DeFi, NFT all rely on it), great potential but more volatility.
Stablecoins (USDT/USDC): When not buying coins temporarily, put them here to avoid being unprepared during a crash.
Warning: If you see 'hundredfold coins' or 'animal coins', steer clear! 99% are scams, and the number of zero cases is staggering.
Two words to ensure safety:
Position management:
Full position = gambler, light position = wise person. Newbies should not invest more than 10% of their spare money the first time.
My allocation: 70% BTC/ETH + 20% kept as cash (USDT) + 10% to try potential coins.
Take profit and stop loss:
Sell in batches after making 20%; cut losses immediately after losing 10%! Don't fall in love with the market.
Tools: Use the exchange's 'conditional orders' for automatic operations to avoid emotional interference.
One red line that cannot be crossed:
Always stay away from contract leverage!
Leverage is a 'magnifying glass': it feels great when prices rise, but a moment can lead to liquidation when they fall.
Real data: 90% of newbies trading contracts do not survive beyond 3 months.
My painful history: Once tried 100x leverage, lost a month's salary in 5 minutes, and have not dared to touch it since.
Three, psychological preparation: The crypto world specializes in treating 'greed, anger, and ignorance'
Refuse FOMO (fear of missing out):
Don't be anxious when seeing profits shared in the group; it may just be edited images. Those who truly make big money are quietly dollar-cost averaging.
Stock up in bear markets, monetize in bull markets:
Bear market: Regularly buy BTC/ETH in fixed amounts to average down costs like a mutual fund.
Bull market: Sell in batches; don't think about 'selling at the highest point'; what you pocket is yours.
Asset safety = lifeline
Don't store large amounts on exchanges! Withdraw to wallets for safety.
Hot wallets (like MetaMask) are for small daily use; cold wallets (like Ledger) are for storing long-term assets.
Critical detail: Write down private keys and seed phrases on paper; don't screenshot! Don't send via WeChat!
Four, my practical advice: From newbie to entry-level
Phase One (1-3 months):
Register on Binance/OKEx and complete KYC verification.
Use 100 RMB to buy USDT, experience the entire process of buying and selling BTC.
Follow Binance Academy, CoinMarketCap, and other platforms; spend 10 minutes daily on news.
Phase Two (3-6 months):
Try dollar-cost averaging, buy 500 RMB of BTC on payday each month.
Join quality communities (beware of 'signal teachers'), focus on project analysis and risk warnings.
Long-term mindset:
The crypto cycle is about every four years; patience is more important than technique. I've seen people hold BTC for 5 years without touching it and outperform 99% of short-term players.
Lastly, let me say something sincerely
There is no 'overnight myth' in the crypto world, only cognitive monetization. Study diligently, invest with spare money, and control your hands to avoid greed—this way you can avoid 90% of the pitfalls.
Sister, take it step by step, and accumulate coins bit by bit. Survive first, then talk about making money! Follow A Ke for more first-hand news and knowledge about the crypto world, precise points to help you navigate the crypto space, learning is your greatest wealth!#ETH走势分析 #加密市场观察 $ETH
