$ETH $DOGE $PNUT

Key Advice for Newcomers in the Cryptocurrency World

1. Stay Away from Contracts: In the cryptocurrency world, countless beginners, veterans, and even experts have fallen victim to contracts. To be safe, focus on spot trading and hold long-term.

2. Avoid Small Coins: Most small coins are tools for 'cutting leeks', often experiencing sharp declines, going to zero directly, or dropping over 99%. Prioritize trading mainstream coins.

3. Be Cautious When Choosing Exchanges: Small exchanges are at risk of running away or 'pulling the plug' at any time, making funds easily trapped. Mainstream exchanges are more reliable; consider diversifying your funds across them.

4. Lower Your Expectations: The era of tenfold or hundredfold returns is over. With institutions and elites flooding in, doubling your investment is already challenging; over 90% of people are losing out just by not losing.

5. Prioritize Wallet Security: Large amounts of funds can be considered for wallets, but choose well-known and reliable options. Even small wallets are not without the risk of disappearing, so do not choose casually.

6. Give Up on Ultra-Short-Term Trading: The cryptocurrency market is volatile; a 20% drop in Bitcoin is common, and it’s not unusual for altcoins to be cut in half. Short-term operations are hard to grasp, so hold onto your coins.

7. Set Stop-Loss and Take-Profit Levels: Set targets in advance; stop loss at this level, sell at that level. Don’t be greedy for subsequent gains; many in a bull market suffer losses because they failed to take profits in time.

8. Control Your Investment Funds: The cryptocurrency market is high-risk, and both inflow and outflow of funds carry risks. It is advisable to start with spare money and small amounts to explore and gain experience.

9. Keep Learning and Improving: People cannot earn money beyond their understanding. If initial profits are not matched by knowledge, it’s easy to end up empty or even in debt. Continuous learning is crucial.

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