#智赢天下一一大智

How to avoid pitfalls when Newbies just entered the crypto world? Advice for newcomers in the crypto world.

1. Do not touch the contract!!!
crypto world not only Newbie, but also many Seasoned Trader! Veterans! all died in the contract, Newbie steadily do Spot, and hold on.

2. Do not play small coins
Most of the small coins in the crypto world are Be Played for Suckers, falling directly to zero when they fall, more than 99% of them fall. Don't play those with small Market Cap or those you haven't heard of, choose mainstream coins.

3. Don't play small exchange
There is always the risk of Rug Pull or pulling the plug at any time in the exchange, and all the money inside will not be able to be withdrawn. It is recommended to trade on mainstream exchanges, and funds can also be separated and placed on mainstream exchanges.

4. Don't expect too much.
The era of tenfold and hundredfold gains in the crypto world has passed. Now major institutions and elites are getting on board. The big dividends are gone, and it's already good enough to double your investment. Newbies who can avoid losses have already beaten over 90% of people.

5. Do not put money in an unknown Wallet
If it is a large amount of funds, it is recommended to keep it in the wallet, because exchanges also have risks. If it is a small amount, there is also the risk of Rug Pull.

6. Do not play ultra-short term
coin world rises and falls greatly, it's quite common for BTC to fall 20% in a day, AltCoin directly Slump by 50%, it's very difficult to control in the short term, hold onto your own coins

7. Set stop loss and take profit
Set yourself a target, and stick to it if it falls to a certain level and exit. Sell resolutely if it rises to a certain level, regardless of how much it rises afterwards. Many people lose money in a bull market because they don't take profit in time.

8. Do not bring all your funds to the crypto world
The risk is too high in the crypto world, there is risk in depositing and withdrawing funds. It is recommended to use idle funds as a small capital to practice in the crypto world.

9. Keep learning knowledge
People cannot earn money beyond their own cognition, even if they make a lot of money at first, if their cognition does not reach that level, they will quickly lose it and may even end up in debt. Continuous learning is necessary to improve cognition.

10. Find an experienced and reliable teacher.
There are many pitfalls in the crypto world, and more than 99% of people in the crypto world lose money. It's important to find a reliable and experienced teacher who can also provide knowledge. They may not guarantee profits, but at least they can help you avoid many pitfalls. However, never trust a teacher who promotes leveraged trading.

Wish everyone can get rich and wealthy in the end!