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When I first entered the crypto world, I only had three thousand dollars in my account. Like most beginners, I was glued to the price charts every day, chasing highs and selling lows, and paid quite a bit of "tuition." After a few years of messing around, I finally understood: this place is not a casino; it's all about cognition and execution. Today, I want to talk about how to survive longer in this highly volatile environment and gradually accumulate wealth.
**First Pitfall: Not laying a solid foundation, everything else is a waste**
A bunch of people jump in curious about "hundredfold coins," without understanding the principles of blockchain, and are even more clueless about exchange rules, ending up being exploited. The ones who actually make money usually take a different path: spend time learning first, then start trading.
Specifically, you need to understand the difference between Bitcoin and Ethereum—Bitcoin is "digital gold," while Ethereum is a "smart contract platform"—these core positions determine their market behavior completely differently. More detailed, you should know how to use limit orders and market orders, understand how Gas fees are calculated, and grasp why cross-chain liquidity is so critical.
My approach is to read a deep industry report or technical document every week, frequently check on-chain data—what whales are doing, exchange fund inflows and outflows—and gradually develop sensitivity to market signals, so you're not carried away by short-term emotions.
**Second point: Choosing the right strategy is much more efficient than reckless rushing**
There are many ways to play in crypto: spot trading, futures, staking, liquidity mining, and so on. But not all strategies suit you; it depends on your risk tolerance and time commitment.
I've seen cases where someone trades futures and gets liquidated overnight; others stick to dollar-cost averaging Bitcoin and outperform 90% of market participants. Path selection is crucial. If you're short on time, spot trading is a relatively worry-free choice; if you have the energy and risk capacity, then leverage and mining are options to consider.