Some advice for newcomers to trading cryptocurrencies:

For those just entering the scene, start with the basics. My advice may not be pleasant to hear, but it’s all the truth. Also, newcomers who just entered the scene may not understand the true nature of the crypto world. The following suggestions are meant to help:
1. Don’t rush to make money when you first enter the scene. Learn quickly. You don’t even understand that exchanges can collapse and run away, how cross-chain assets work, or the concepts of blockchain. How can you possibly make money?
2. Make more mistakes, practice diligently, and ask fewer questions to fellow novices who have no ideas. There are 101 opinions among 100 people in the crypto world. Speculators think investors are idiots; investors think speculators are parasites. A says this project is a great innovation, B thinks it’s just a concept machine, C says they’re all scams... Who should you believe? Don’t believe anyone. Scams are everywhere in the crypto world, often targeting newcomers with flashy services. 99% of people in the crypto scene are just retail investors. Who should you trust?
3. Investing is your own business. How should you understand this? It means that when it comes to investing in Z, ultimately, you have to rely on yourself. Others’ analyses and thoughts are only for reference. You need to do independent research, develop your own investment framework. With a framework, you can have your own stance. Don’t care what others say; their level may not be as good as yours.
4. How can you find a hundredfold coin? If you don’t even understand basic concepts, don’t understand what the crypto scene is about, and keep asking everywhere, you’ll never find a hundredfold coin. You might as well be dead. I want to emphasize that making money in the crypto world isn’t that easy; those who find it easy usually don’t make any money. If someone tries to argue, claiming someone bought a hundredfold coin or that a contract is leveraged 100x, it’s probably a scam.
5. Patience is the foundation of making money. You may need to learn for a long time and be scammed countless times before understanding what the crypto scene is really about. It’s okay. Cherish every experience of being deceived; these are lessons you need on your investment journey.
6. Follow the basic rules of the crypto scene. If you lose money, admit it; if you get scammed, accept it. Experts rarely complain; weaker players like to blame others for “pump and dump” schemes and complain about unfair rules. When you have no ability to set rules yourself, don’t complain too much.
7. As long as you put your heart into it, you can become a big shot. I say this, but many people probably won’t agree. Isn’t that nonsense? How many are still retail investors? Remember, others being retail investors has nothing to do with you. What you need to focus on is improving yourself. Nothing is difficult in this world if you have the will. If you want to argue, refer to point .