A heartfelt message to newcomers in the crypto world: #新手成长营

Many people just entered the scene, full of illusions of others getting rich multiple times or dozens of times over, but they can't see the blood and tears behind the scenes of liquidation. This market has never been a place to pick up easy money; it’s a battlefield of cognition and human nature.

1. Contracts are not for ordinary people to play
Don’t be fooled by the high leverage and huge profits; it amplifies not only gains but also your greed and fear. A wave of counter-movement can wipe out your principal in days or even hours. I’ve seen too many people come in hopeful and leave in despair, with tens of thousands or hundreds of thousands of dollars vanishing in an instant. Such lessons are enough to make someone unable to get back up.

2. The lower the leverage, the longer you survive
High leverage may seem to offer quick gains, but it actually hands full control over to the market. Any fluctuation can ruthlessly wipe you out. In the crypto world, surviving longer is a thousand times more important than making quick profits.

3. Stay away from air coins and trash coins
Apart from mainstream coins like BTC and ETH, which have strong consensus and ecosystems, most altcoins are tools for project teams to harvest investors. Without real-world application or consensus, they rely solely on hype and pump-and-dump tactics. When they rise wildly, they fall just as fiercely. Zeroing out is just a matter of one thought.

4. Don’t blindly trust news or follow the herd into all-in bets
Signals in groups, insider information, big shots endorsing—most of these are just ways to find someone to take the other side. Following the wind and chasing high positions will only get you stuck at the limit down. Independent thinking and protecting your capital are more important than anything.

5. The crypto market isn’t short of opportunities, only patience is lacking
Market cycles always rotate. After the US stock market heats up, gold comes next; after gold, the crypto market. The current sideways and quiet periods are washing away impatience, leaving those who can withstand cycles.

Don’t always think about getting rich overnight. First, learn not to lose money, then think about how to earn. Surviving several bull and bear cycles in this market means you’ve already beaten 90% of people.

$ETH ‌$BTC ‌