Alright, brother. Seeing this question, as a veteran who's been through multiple rounds of rough experiences in the crypto scene, I'll light a cigarette and share some honest thoughts with you.
3,000 yuan in capital—neither a lot nor a little. It would make a splash if thrown into water, but in the crypto world, relying on this amount to 'turn your life around' or 'get rich quick' is about as likely as winning the lottery.
Stay calm and treat these 3,000 yuan as tuition fees—fees you're likely to pay and lose. Only then can you keep playing.
The core advice is just eight characters:
Small-scale trial and error, protect your principal!
Don't immediately think of going all in on any 100x coin, and don't believe those lies from so-called 'teachers' or 'group trading' chats. Here are a few points I've learned from my own hard experience—every word comes from the heart:
Deeply understand the meaning of 'tuition fees' and lower your expectations:
3,000 yuan is just a drop in the bucket in the crypto circle. Its core value isn't to make you money, but to let you experience the harshness and gameplay of this market at a low cost. Imagine that you spent 3,000 yuan to enroll in an extremely stimulating (and high-risk) practical training camp.
The goal is not to double it, but to:
Learn to use exchanges, learn to safeguard assets (wallets), feel market fluctuations, understand trading rules, and experience your emotional changes (FOMO and panic are normal). If you can learn something and retreat with 2,000 or even 1,500 yuan, that is success!
Choosing a platform is more important than anything; safety comes first!
Absolutely! Absolutely! Don't touch any small exchanges or shady exchanges! Your principal is likely not just lost but could be run away by the platform or 'pulled the plug' on.
Only consider top-tier exchanges: Binance (be aware of compliant regions; domestic users may need to use Binance International and pay attention to risks), OKX (known as 欧易), and Coinbase (good compliance suitable for fiat deposits, but may be inconvenient for domestic users). Just these three; don’t look at others for now. Their liquidity, security (relatively), and depth are the best, with the lowest risk of running away.
After registration, immediately enable all security measures: Google Authenticator (2FA), fund password, email verification, anti-phishing code—none of them can be missed. Don't think it's a hassle!
Deposit and trade: Start as small as possible.
Deposit: At the selected exchange, use legal channels (like OTC trading with reputable merchants) to exchange part of your principal (like first 1,000 yuan) for stablecoins (USDT). USDT is your 'battlefield ammunition' and 'safe harbor'. Remember, converting fiat to USDT completes the 'entry into the circle'.
The first time you 'fire a gun': Don't buy any altcoins! Don't touch contract leverage! Take out 100 yuan worth of USDT and buy some BTC (Bitcoin) or ETH (Ethereum). Buying them isn't to make big money (3,000 yuan in principal buying BTC/ETH won’t earn much); the purpose is:
To experience the complete buying and selling process: placing orders, taking orders, completing transactions, and seeing asset fluctuations.
Feel the transaction fees: Buying has fees, selling has fees, and withdrawing has miner fees (Gas Fee)—these are all costs! Even a mosquito's leg is meat.
Understand what 'liquidity' is: You can buy and sell Bitcoin and Ethereum anytime, but small coins may have orders hanging for half a day with no response.
Withdrawal test: It doesn't matter whether you made a profit or a loss. Withdraw this coin worth 100 yuan (or the remaining USDT) to your own cryptocurrency wallet (like Trust Wallet or MetaMask, commonly known as 'Little Fox'). This step is crucial!
Learn to create wallets and back up your mnemonic phrases (write them on paper! Save offline! Never tell anyone! Don’t screenshot and store them in cloud drives!).
Learn to withdraw coins from the exchange to your wallet address (make sure to copy and paste carefully and verify! Don't choose the wrong chain!).
Experience how expensive the miner fees (Gas Fee) for withdrawing coins can be (especially on Ethereum). Withdrawing 100 yuan might cost you ten to twenty yuan in fees. This is the reality!
(Cautious) Exploration and learning:
After completing the above steps, you will have a firsthand experience of basic operations. At this point, if you still have interest and courage, you can cautiously explore with the remaining funds (like taking out another 500-1,000 yuan):
Mainstream altcoins: Research the top 20 coins by market cap besides BTC/ETH (like BNB, SOL, XRP, ADA, etc.). Choose one whose project you can somewhat understand (even if your understanding is superficial) and buy a small amount (like 200 yuan). The goal is to experience the volatility of 'altcoins' that is more exciting than Bitcoin.
Learn to look at basic information: Learn to check coin prices, market caps, trading volumes, project official websites, and white papers on CoinMarketCap or CoinGecko (even if you might not understand them). Don't just look at price fluctuation graphs!
Stay updated on industry dynamics: Check crypto news (be careful to discern information sources, and avoid watching pump-and-dump groups), understand the impact of major events (such as Fed interest rate hikes, certain national policies, major exchange dynamics, Bitcoin halving) on market emotions. Feel what 'news-driven markets' are.
Absolute taboo (for your current stage):
Don't engage in contracts/leverage: Playing contracts with 3,000 yuan can lead to instant zero, and it will explode your mindset. This is a high-speed meat grinder in the casino; newbies go in and come out as nothing but bone residue.
Don’t engage in shitcoins/Meme coins: Coins like Dog King, Cat King, and Shitcoins that claim to be 'community consensus' or 'the next SHIB' are 99.9999% scams. Your 3,000 yuan could turn into 30 yuan or 3 yuan in just a few minutes, or even go to zero. This is pure gambling, not investment, and definitely not learning.
Don’t trust any 'teachers' who lead trades or charge for groups: If there were really money-making secrets, wouldn’t they quietly make a fortune instead? Why share with you? 99% are just there to cut your leeks or earn your transaction fee commissions.
Don't engage in 'staking mining' or 'lying down to earn high returns': High returns are always accompanied by high risks, especially with projects that you don't understand the underlying logic of. Many are Ponzi schemes or have extremely high risks of loss.
Risk control is the lifeline:
Awareness of stop-loss: When you start trying to trade, set a psychological stop-loss line you can accept (like if you lose 20%, you must leave) and try to execute it. Don’t fantasize that 'it will always rise back'; there are too many coins in the crypto circle that go to zero.
Position management: Never go all in! Split your invested funds into several parts and only use one part to try each time. For example, with 3,000 yuan, first deposit 1,000, then buy 100 worth of BTC to experience it, and don’t buy a single coin with the remaining 900 all at once.
Idle money investment: Again, I emphasize that this 3,000 yuan must be completely idle money. If you lose it all, it shouldn't affect your ability to eat or pay rent. Never borrow money or take loans to play with coins!
Long-term perspective and learning accumulation:
After this 3,000 yuan practical experience (or 'trial and error'), regardless of the outcome, the key is to review what you learned: Are you familiar with the operation process? Do you remember wallet security? Did your heart race when you saw a crash or surge? Did you experience FOMO in chasing highs or panic selling? Did you perceive the cost of transaction fees?
If you lost money, reflect on where you lost it. Was it due to operational mistakes? Insufficient information? Or purely market fluctuations? Losing money is the best teacher, provided you summarize it.
If you really develop an interest in blockchain technology, use the money saved to buy books, take quality free courses (university open courses, reliable popular science bloggers), to understand the principles behind concepts like blockchain, Bitcoin, smart contracts, DeFi, and NFTs. The enhancement of your cognition is far more important than the short-term profits from trading coins. Investing in your own brain is the true hundredfold return.
Why do most people fail to make money in the crypto circle?
Have you ever thought about a question: why can someone who knows nothing, as long as they invest regularly and hold Bitcoin, make money?
I have thought about the essence of this issue; the root lies in their behavior, eliminating all human factors' interference to make money, unrelated to emotions.
Investment, once entangled with subjective judgments influenced by personal emotions, can be fatal.
As long as you are influenced by market emotions when investing, it will definitely reduce your returns or lead to losses, without exception.
The father of quantitative finance, Simons, achieved an annualized return of 64%, far exceeding Buffett's 20%.
But before this, Simons relied on 13 years of research on macro fundamentals to invest and make money, ultimately failing and shifting to advanced mathematical models, eliminating any interference from human emotions to make money in the market.
Human emotions are the biggest interference in investing.
In the crypto circle, some make money trading, some make money by holding coins long-term, some rely on contracts, some engage in airdrops, and some act as KOLs and earn commissions and customer losses.
As long as it's profitable, it is not affected by emotional factors.
People who make money from trading have clear plans on why to buy, when to sell, and how much to earn. They won't chase highs, won't bottom fish, and won't FOMO.
Those who make money by holding coins just buy, regardless of highs or lows, regardless of market emotions, just buy Bitcoin, not concerned about the right or wrong in the crypto circle. Hold for more than two cycles.
Those who make money from contracts withdraw as much as they earn, always opening positions with the same amount, setting stop-loss and take-profit levels. If they don't make money, they rest and find new strategies. They won't be affected by emotions, won't hold onto losing positions, and won't use high leverage or open positions casually.
Those who make money from airdrops will always keep swiping regardless of whether airdrops are issued. If one doesn't work, continue to the next. They won't be discouraged or complain.
Those who make money as KOLs won't sympathize with others' losses. They won't feel guilty about eating customer losses. Of course, they themselves won't trade contracts or be dragged down by profitable people. They also have no emotional interference.
Making money in the crypto circle means excluding all emotions. If you want to buy a coin and have a thought like 'I am going to get rich, what if I miss out? Others have bought a lot, and everyone says it's great,' then you shouldn't buy it. There’s a high probability you will be cut off.
Many people say regular investment is easy, but I think this statement is naive. Those who have never done it before say it's easy.
Regular investment is the hardest because it is slow. Slow is the most anti-emotional; not only is it slow, but you also have to endure long-term losses. As long as you generate emotions to resist the market, you basically give up. There will definitely be someone who buys more when the price drops and less when it’s high, or buys more when it's high and doesn’t buy when it drops. Or they may make a little profit and can't hold on, needing to sell.
I have written many articles about ordinary people regularly investing in BTC. It's not that to make money in investments, you must buy BTC or invest regularly.
But rather that regular investment allows the most ordinary people without skills to make money, and it helps them eliminate emotional interference.
On the contrary, smart people find it harder to make regular investments; those with average qualifications find it slightly easier.
Not only in investment but in anything, once emotions are involved, like excitement or sadness, or pride, actions can become excessive and distorted. This leads to poor performance.
Why do big figures want to practice, go into seclusion, find masters, walk in the desert, and stay in temples?
It’s actually about neutralizing your own emotions through these actions; emotions will increase the entropy in your behavior.
It won't bring any good luck, but instead will increase your burden.
If you haven’t learned to exclude emotional interference, no matter what techniques you learn or methods you use to play in the crypto circle, you won’t make money.
Those who make significant money in the crypto circle can tell you that they won’t be influenced by emotional factors.
When making money, smile lightly and continue to the next trade; when losing money, also smile lightly and continue to the next trade.
Many people now post behaviors for 'cleansing emotions' on social media, like copying books, writing, practicing meditation, etc. These are essentially aimed at actively washing away emotional disturbances.
This seems useless, but it is actually very useful. People who are anxious and uneasy in life won't engage in emotional cleansing activities. Instead, those whose lives are relatively smooth often do such things. Of course, it's not that doing these makes life better, but such people won't make subjective emotional judgments in anything they do. They have a standard of what is good and what is bad, and when they cross that boundary and incur losses, they will not cross the line. They won’t act on emotions.
Whether good or bad emotions, they are of no benefit to personal development. Being too happy or too excited can lead to excess. What we often say about being too complacent is just that, and it can easily lead to issues. Being too down can also drain your energy.
Those who earn over a million USDT in the crypto circle are definitely not affected by emotional factors. The key isn’t how magical their methods are; it’s that they can control their emotional disruptions.
However, this matter cannot be achieved without going through three cycles. Generally, ordinary people cannot do it; those who can definitely encountered an industry veteran to help them through this barrier.
1. I want to share something useful with everyone. I have practiced it myself, but I can't guarantee it's an effective rule.
Recently, I shorted small coins on Matcha and other small exchanges from March to July. Only 11% saw a 100% increase at opening, 18% increased over 60%, and stopping profits at 66%. Without any technical or brainless shorts, I achieved an expected return of 25% on a single coin.
This is about using the information advantage gained from being in the crypto circle for a long time to profit from the inevitable distribution of small coins and value return. Later, I added my valuation system to avoid several coins that went bankrupt. This month, there was only one bankruptcy, which was altcoin. After that coin crashed, it directly dropped by 97% the next day.
Some coins cannot be shorted, like useless ones. I won't elaborate on other indicators, but just one: the trading volume of the contracts is too large, and the market makers will cause liquidation back and forth and eat up the funding rates, using the funds obtained from this coin to pull up the spot price. For market makers, it's costless to keep pulling up the spot.
Because it’s a worthless coin, it attracts many players to short it and eat up the funding rates, then continue to push the price up. Once no one is left to short, they will sell off themselves. Since the price has risen so high, you can't possibly buy it. If you do buy, they will distribute the chips to you. They can just retreat.
So my conclusion is that for coins with particularly high contract trading volumes, it's best not to short them. I think a small coin with a daily trading volume of several million dollars is already high. Those with order volumes of only 10-50 USDT, after watching so many, most of them can be shorted.
Shorting small coins is like grabbing airdrops; the money earned isn't much, unlike some KOLs who earn tens of thousands of dollars at once. But the money I earn is based on positive expected returns. The USDT earned will be used for coin-based financial management, and I will continue investing regularly until 2027.
Nowadays, people have a misconception. After watching too many Douyin videos, it feels like 50 USDT or 100 USDT is very little. If you work outside, earning 50 USDT a day is also hard. In such hot weather, it's tough, so I'm very willing to earn this money.
2. ETH has led the market rhythm; today it rose to 3,600 dollars, which is the rhythm that the market should have. BTC's market share reached 58.27%. When it reaches 32%-40%, that's the peak phase of a bull market, and one must be cautious.
The altcoin season index has reached 42, still 33 away from the 75 bubble period. Google’s Bitcoin search index was 67 last November, rising to 100 in 2021. Now, the Bitcoin search index is only 32. It hasn't reached yet. After 50, one must be cautious and not rush in blindly to buy.
Someone asked how much BTC can reach this round. I previously conducted a survey of everyone's opinions, and it was 180,000 dollars. My forecast for you is 230,000 dollars. Currently, the market generally predicts 150,000 dollars. Someone asked me what the top for ETH is; for fun, I will guess 5,000 dollars, and 400 dollars for SOL. Predictions are purely for entertainment and should not be taken seriously.
I wish everyone wealth and prosperity.
3. Recently in the A-shares, I bought 30 stocks again, totaling 216,000 yuan. Currently, I'm at a floating loss of 1,600 yuan. I'll wait for the third quarter report forecast to see if it makes a profit; if it does, I'll share the code and logic.
The final truth:
99% of people in the crypto circle don't make money, and many even lose money. This is especially true for newbies.
3,000 yuan barely makes a splash in the crypto circle. Treat it as a ticket to experience this crazy world.
The biggest risk is not market volatility but your ignorance and greed.
Learn steadily, control risks, and protect your principal. If you can use this 3,000 yuan tuition fee to gain respect for the market, proficiency in basic operations, and understanding of your own risk tolerance, then this money is well spent. In the future, if you have more idle money and deeper understanding, then consider whether to increase your investment.
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