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Many people enter the crypto space with the idea of getting rich overnight, constantly chasing those "hundredfold legends." To be honest, it's not much different from playing the lottery. Instead of fantasizing, it's better to first learn the basics thoroughly.
First, understand one thing—this is like a magnifying glass. When making money, it amplifies greed; when losing money, it amplifies fear. Where do your profits come from? Most of it is the money others lose in panic selling. That's why you should never go ALL IN with your entire savings. Use funds you can fully afford to lose to test the waters, preserve your principal, and have the opportunity to trade repeatedly.
Next is choosing the right track. The so-called "god coins" that are hyped in groups every day—nine out of ten are set-up traps. During the beginner stage, honestly focus on top-tier coins like BTC, ETH, and SOL. Their advantages are obvious—relatively controlled volatility, sufficient trading volume, and easy to exit when you want to.
Let's talk about why people lose money. Most problems stem from execution. FOMO chasing rallies, panic selling during dips, impulsively opening contracts—these are all emotional reactions. Truly successful traders master three strategies:
**Follow the trend to find opportunities.** Enter after a moderate pullback in an uptrend; don’t try to guess when the top is.
**Build positions gradually.** Invest in several batches; don’t expect to earn a year's worth of profit in one shot.
**Stay still.** When you think about making a crazy move, turn off the candlestick chart and go for a walk.
In the crypto world, it's never about who starts early, but who can stay clear-headed amid market fluctuations. Only by staying alive can you see the opportunities that come later.