Many people just getting started with cryptocurrencies think about getting rich overnight, but seasoned veterans know that this path is the easiest to crash. Recently, an industry veteran shared three pieces of advice for beginners, which hit the nail on the head.
**First suggestion: Don’t rush to get started, lay a solid foundation first**
Many newcomers can’t resist entering the market when they see price increases, but end up confused by various concepts. It’s recommended to spend time systematically learning, especially now that many professional platforms offer free learning resources and tutorials, starting from basic knowledge to gradually build a cognitive system.
**Second suggestion: Be restrained in initial investments**
This is the most practical advice. It’s suggested to use about 1% of your total funds to test the waters, get familiar with how to use wallets, explore the DeFi ecosystem, and accumulate experience through small trades. Once you truly understand the ins and outs, consider increasing your investment. Many losses happen because people go all-in at the start, leaving no room for trial and error.
**Third suggestion: Always stay alert to risk awareness**
This might be the easiest point to overlook but the most important—when you feel pressure, your sleep is affected, or you’re frequently checking the market, it’s time to consider reducing your position. The crypto market is highly volatile; mental breakdowns are often more deadly than market crashes. Risk control and profitability are actually equally important, and the former is even more critical.
There’s a saying: Cryptocurrency is the money of the new era. But no matter how new something is, the underlying logic remains the same—respect the market, control risks, and keep learning.
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MidnightTrader
· 13h ago
That's right. Where are the people who went all-in right from the start now, huh?
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BoredRiceBall
· 13h ago
Going all-in directly leads to explosion; testing the waters with 1% is the right way. My friend couldn't listen back then, and he's still paying off debts now.
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GmGmNoGn
· 13h ago
Well said. Where are those guys from Suoha now? Haha
Many people just getting started with cryptocurrencies think about getting rich overnight, but seasoned veterans know that this path is the easiest to crash. Recently, an industry veteran shared three pieces of advice for beginners, which hit the nail on the head.
**First suggestion: Don’t rush to get started, lay a solid foundation first**
Many newcomers can’t resist entering the market when they see price increases, but end up confused by various concepts. It’s recommended to spend time systematically learning, especially now that many professional platforms offer free learning resources and tutorials, starting from basic knowledge to gradually build a cognitive system.
**Second suggestion: Be restrained in initial investments**
This is the most practical advice. It’s suggested to use about 1% of your total funds to test the waters, get familiar with how to use wallets, explore the DeFi ecosystem, and accumulate experience through small trades. Once you truly understand the ins and outs, consider increasing your investment. Many losses happen because people go all-in at the start, leaving no room for trial and error.
**Third suggestion: Always stay alert to risk awareness**
This might be the easiest point to overlook but the most important—when you feel pressure, your sleep is affected, or you’re frequently checking the market, it’s time to consider reducing your position. The crypto market is highly volatile; mental breakdowns are often more deadly than market crashes. Risk control and profitability are actually equally important, and the former is even more critical.
There’s a saying: Cryptocurrency is the money of the new era. But no matter how new something is, the underlying logic remains the same—respect the market, control risks, and keep learning.