Tips for newcomers in the crypto world

1. Do not touch the contract!!!
Not only Newbie in the crypto world, but also many Seasoned Traders! Experts! have died in contracts. Newbie should be cautious and stick to Spot.
2. Do not play small currencies
Most of the small cryptocurrencies in the crypto world are Be Played for Suckers, falling directly to zero when they fall, with more than 99% drop. Don't play with the ones with small Market Cap or those you haven't heard of, choose mainstream cryptocurrencies instead.
3. Don't play small exchange
There is always a risk of Rug Pull or unplugging the network cable in the exchange, and all the money inside will not be able to be withdrawn. It is recommended to play in mainstream exchanges, and funds can also be placed separately in mainstream exchanges.
4. Don't expect too much
The era of tenfold and hundredfold in the crypto world is over. Now major institutions and elites are getting on board. The big dividends are gone. It's already good enough to double your investment. Newbies who can break even have already defeated over 90% of people.
5. Do not put money in an unknown Wallet
If a large amount of funds is advised to be kept in the wallet, as exchanges also have risks, there is also the risk of Rug Pull for small wallets.
6. Do not play ultra-short term
The coin circle has seen a significant fall, with BTC falling 20% in a day being quite common, and Altcoins directly slumping by 50%. It's difficult to control in the short term, so hold onto your coins.
7. Set stop loss and take profit
Set goals for yourself, and if it falls to a certain position, execute it decisively and exit. If it rises to a certain position, sell it decisively, and don't worry about how much it rises afterwards. Many people lose money in a Bull Market because they don't know how to take profit in time.
8. Do not bring all your funds to the crypto world
The risk of the crypto world is too great, and there is risk in both deposits and withdrawals. It is recommended to use your own spare funds to practice in the crypto world.
9. Keep learning knowledge
People cannot earn money beyond their own cognition. Even if they earn a lot at first, if their cognition cannot keep up, they will quickly lose it, and they may also be burdened with debts. One must constantly learn.