Many people rush into the crypto world with only the myth of getting rich in their eyes, and a few months later they cry and curse "the water is too deep" — actually, it's not that the water is deep, it's that you jumped in without even wearing a life jacket.
Last month, a friend privately messaged me. He had only been in the crypto world for two months, and his account balance had dropped from an initial capital of 60,000 to less than 10,000. When I asked, I found out that it wasn't that he didn't know how to operate; rather, he was greedy and randomly steered the wheel, failing to even understand the most basic account security. Today, I am sharing the 7 "survival rules" I have learned from years of losses. Newcomers should solidify these first before thinking about making money.
**Guide to Surviving in the Crypto World for Newcomers: 7 Habits You Must Develop**
I have been emphasizing to those around me: "This market is not short of opportunities; what it lacks are those who can endure until opportunities arise." Most newcomers, as soon as they enter the market, focus on "which coin can multiply ten or a hundred times," but those fundamental protections—like account theft, buying into air projects, and heavy losses from single trades—are not a matter of luck; it’s that you haven't done the necessary preparations. The following 7 points can help you avoid 80% of the pitfalls, which is much more reliable than joining 10 so-called "insider groups."
**Rule 1: Ask yourself before entering: Are you here to farm or to hunt?**
Don't get carried away just because you see others posting profit screenshots. First, calm down and think clearly: "Am I planning to stay in this industry for the long term, or do I want to make a quick bet and get in and out?" These two approaches are completely different paths—
If you want to "farm" (hold for the long term), look for projects with solid technology, reliable teams, and no gimmicks. After buying, just do what you need to do without staring at the market until you lose sleep;
If you want to "hunt" (short-term trading), you have to honestly learn to read candlestick charts, understand the flow of funds, and master the timing of entering and exiting the market. This requires effort and skill.
If you don't have a clear goal and just mess around, there's a 80-90% chance you'll be tossed around by the market.
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ChainSpy
· 2h ago
Haha really, my buddy lost even worse, he went all in.
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GateUser-afe07a92
· 8h ago
Losing 60,000 down to 10,000, this guy is really ruthless, he can play like this in just two months...
View OriginalReply0
MevSandwich
· 8h ago
Losing 60,000 down to 10,000, this guy is really ruthless, he just taught himself a lesson.
View OriginalReply0
TideReceder
· 8h ago
Losing 60,000 to 10,000, this guy is truly a textbook example of what not to do.
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BearMarketSage
· 8h ago
The metaphor of the life jacket is brilliant, really. Every time I see newcomers losing money, I think of this saying.
View OriginalReply0
RamenStacker
· 8h ago
Losing 60,000 down to 10,000, this guy is really ruthless, directly jumping into buying courses.
View OriginalReply0
OPsychology
· 8h ago
Oh, 60,000 turned into 10,000 in two months, how much can one stir things up?
Many people rush into the crypto world with only the myth of getting rich in their eyes, and a few months later they cry and curse "the water is too deep" — actually, it's not that the water is deep, it's that you jumped in without even wearing a life jacket.
Last month, a friend privately messaged me. He had only been in the crypto world for two months, and his account balance had dropped from an initial capital of 60,000 to less than 10,000. When I asked, I found out that it wasn't that he didn't know how to operate; rather, he was greedy and randomly steered the wheel, failing to even understand the most basic account security. Today, I am sharing the 7 "survival rules" I have learned from years of losses. Newcomers should solidify these first before thinking about making money.
**Guide to Surviving in the Crypto World for Newcomers: 7 Habits You Must Develop**
I have been emphasizing to those around me: "This market is not short of opportunities; what it lacks are those who can endure until opportunities arise." Most newcomers, as soon as they enter the market, focus on "which coin can multiply ten or a hundred times," but those fundamental protections—like account theft, buying into air projects, and heavy losses from single trades—are not a matter of luck; it’s that you haven't done the necessary preparations. The following 7 points can help you avoid 80% of the pitfalls, which is much more reliable than joining 10 so-called "insider groups."
**Rule 1: Ask yourself before entering: Are you here to farm or to hunt?**
Don't get carried away just because you see others posting profit screenshots. First, calm down and think clearly: "Am I planning to stay in this industry for the long term, or do I want to make a quick bet and get in and out?" These two approaches are completely different paths—
If you want to "farm" (hold for the long term), look for projects with solid technology, reliable teams, and no gimmicks. After buying, just do what you need to do without staring at the market until you lose sleep;
If you want to "hunt" (short-term trading), you have to honestly learn to read candlestick charts, understand the flow of funds, and master the timing of entering and exiting the market. This requires effort and skill.
If you don't have a clear goal and just mess around, there's a 80-90% chance you'll be tossed around by the market.