If you’re still a brand-new, complete beginner in this space and suddenly become interested in crypto, how do you avoid getting scammed?
It’s actually simple—just steer clear of the following traps:
1. Only choose coins with large market cap and high liquidity
For example, BTC, ETH, SOL, SNDK, DOGE, etc.
If you can avoid other coins, do so, to reduce the chance of getting picked off.
2. Prioritize spot trading. If you insist on trading futures, be very cautious with leverage and position sizing
For instance, if you’re used to opening positions with 100 USDT at 10x leverage, and you want to try higher leverage, you can open with 10 USDT at 10x first and keep it conservative. Don’t jump to 100 USDT at 100x. Adjust according to your own capital and ability.
Don’t think that smaller positions mean lower profit. This is a long-term compounding game. It’s simple—e.g., with 100 USDT at 10x leverage, this time you make 100 USDT. Next time you open, you’ll have 120 USDT at 10x leverage. Over the long run, that’s incredibly scary!
3. Don’t trust any “wealth management,” “mining,” or other weird projects
Everything is ultimately about your principal. What they want is your capital; what you care about is their “interest.”
4. For exchanges, choose either OKX or Binance
There is no third option. Remember: anyone who recommends a “third-party” exchange is either not smart or bad news—block them immediately.
This is like the same logic with a hamburger: a normal person, if they want a hamburger and fries, would generally choose KFC or McDonald’s first.
Making money in crypto is as easy as breathing—but the prerequisite is to have the right mindset and only then can you do the right things and avoid pitfalls 👉@渔歌趋势 #龙虾
It’s actually simple—just steer clear of the following traps:
1. Only choose coins with large market cap and high liquidity
For example, BTC, ETH, SOL, SNDK, DOGE, etc.
If you can avoid other coins, do so, to reduce the chance of getting picked off.
2. Prioritize spot trading. If you insist on trading futures, be very cautious with leverage and position sizing
For instance, if you’re used to opening positions with 100 USDT at 10x leverage, and you want to try higher leverage, you can open with 10 USDT at 10x first and keep it conservative. Don’t jump to 100 USDT at 100x. Adjust according to your own capital and ability.
Don’t think that smaller positions mean lower profit. This is a long-term compounding game. It’s simple—e.g., with 100 USDT at 10x leverage, this time you make 100 USDT. Next time you open, you’ll have 120 USDT at 10x leverage. Over the long run, that’s incredibly scary!
3. Don’t trust any “wealth management,” “mining,” or other weird projects
Everything is ultimately about your principal. What they want is your capital; what you care about is their “interest.”
4. For exchanges, choose either OKX or Binance
There is no third option. Remember: anyone who recommends a “third-party” exchange is either not smart or bad news—block them immediately.
This is like the same logic with a hamburger: a normal person, if they want a hamburger and fries, would generally choose KFC or McDonald’s first.
Making money in crypto is as easy as breathing—but the prerequisite is to have the right mindset and only then can you do the right things and avoid pitfalls 👉@渔歌趋势 #龙虾
