How can newcomers start their journey in the cryptocurrency world and easily earn their first pot of gold?

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AICoin
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5 hours ago

As the popularity of cryptocurrencies continues to rise, with BTC constantly challenging the 100,000 mark, more and more people want to enter the crypto space to strike gold. However, this market is full of opportunities and traps, making it not easy to profit. Below, I will clearly explain how beginners can get started in the crypto world and avoid pitfalls.

How can newcomers start their journey in the crypto world and easily earn their first pot of gold?_aicoin_image1

1. Learn the Basics

Before deciding to enter the market, it is essential to understand the basic knowledge of cryptocurrencies and blockchain technology, as well as how the market operates. Once you grasp these fundamentals, you can start with small amounts to familiarize yourself with the trading process or use trading tools to assist in making judgments, helping you achieve stable returns amid market fluctuations.

2. Choose a Reliable Platform, Safety First

Choosing a safe and reliable trading platform is as important as choosing a bank. Beginners can opt for platforms that have a good reputation, a large user base, and strong compliance. I first recommend the two leading platforms, OKX and Binance, which have a solid reputation and robust security measures to ensure your assets are not threatened, preventing theft or fraud.

OKX registration link: Register for OKX and enjoy a permanent 20% cashback

Binance registration link: Register for Binance and get a 10% cashback

3. Keep Up with Market Trends and Seize Opportunities

The crypto market is highly volatile, so it is necessary to stay updated on industry trends and market conditions.

· Join Social Media Groups

Telegram and Discord: Many cryptocurrency projects and trading communities are active on these platforms. By joining relevant groups, you can receive timely market news and discussions.

Twitter: Follow the Twitter accounts of industry leaders, project teams, and analysts to get real-time information and market analysis.

· Subscribe to News Websites and KOL Analysis

Cryptocurrency news websites: Sites like CoinDesk and CoinTelegraph provide the latest market dynamics, policy changes, and industry analysis.

Professional blogs: Some investors and analysts share in-depth market insights on their personal blogs. Regular reading can help you understand different perspectives.

Well-known live streams: Some veteran analysts conduct live streams that can provide market insights. You can rationally absorb useful knowledge points, but also be cautious of following trades.

· Use Professional Market Tools

Market applications: Download professional market applications like AICoin, bbx, Coinmarketcap, etc., which offer professional candlestick charts to monitor price changes, trading volume, and market capitalization in real-time.

Set price alerts: Use these tools to set price alerts so you can respond promptly at critical price points.

4. Choose an Investment Strategy

Passive strategy: Buy when the market is favorable and wait to sell when a bull market arrives. This strategy is suitable for investors with limited funds, as it can avoid the risks associated with frequent trading.

Diversified investment: Try different investment opportunities; even small investments can gradually accumulate wealth. Participating in airdrops, DeFi projects, etc., are good options, but these have higher professional thresholds and risks. It is more advisable to adopt stable investment strategies, such as steady arbitrage, which can reduce investment risks while providing decent returns.

The AICoin PC client offers a free smart arbitrage tool, which supports three arbitrage modes: automatic arbitrage, professional arbitrage, and arbitrage closing. Among them, professional arbitrage can achieve cross-platform hedging arbitrage, catering to audiences ranging from beginners to professional traders, and even asset management institutions.

How can newcomers start their journey in the crypto world and easily earn their first pot of gold?_aicoin_image2

5. Develop a Personalized Strategy and Operate Steadily

It is crucial to establish a clear investment strategy before entering the market. Whether you are holding long-term or trading short-term, you can use stable strategy tools to optimize your investment decisions and increase your win rate, thereby maintaining stable profits.

On this basis, you can utilize grid trading tools to automate your trading strategy and reduce the risks associated with human operations.

How can newcomers start their journey in the crypto world and easily earn their first pot of gold?_aicoin_image3

6. Strictly Control Risks and Lock in Profits

Controlling risk is the key to survival. Setting stop-loss points and diversifying investments can reduce risks. Additionally, it is best to include take-profit and stop-loss orders when opening positions to better lock in profits and reduce the risk of liquidation.

How can newcomers start their journey in the crypto world and easily earn their first pot of gold?_aicoin_image4

7. Continuous Learning and Timely Adjustments

The crypto space changes rapidly; a new project that makes money today may plummet tomorrow. Beginners need to continuously learn about new projects and technologies to keep up with market rhythms. Only by keeping pace with the times can one adapt to the ever-changing market environment and possibly find opportunities for profit.

8. Beginners Should Avoid Contract Trading

Contract trading carries significant risks, and beginners should focus on spot trading. At this stage, you can use grid trading tools for spot trading to reduce risks and increase operational flexibility.

With the above suggestions, newcomers can enter the crypto space with more confidence and utilize various tools to achieve stable profits. Maintaining rationality and not rushing for success is the key to success.

The crypto space is not short of opportunities, but it lacks prepared and strategic individuals. Before entering, lay a solid foundation and do not rush for quick success. As long as you are steady and methodical, earning your first pot of gold is not that difficult. Finally, maintain a stable mindset and do not let temporary fluctuations affect your judgment.

I hope these suggestions can help you, and I will continue to update more practical tips in the future. Wishing everyone abundant gains in the crypto space!

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