[Like comment random Airdrop] 8 survival rules in the currency circle, Newbie must see or lose money

1. Do your homework
Before making any investment decisions, be sure to thoroughly understand all information about the selected project, including the management team, market competition, profit potential, and growth prospects.
2. Keep cash reserves
Always keep a portion of cash and don't invest all your funds in the market. It is recommended to use a combination of 80% investment and 20% cash to cope with unexpected situations.
3. Avoid blindly pursuing insider information
Be wary of anyone who claims to have "inside information," whoever they are. Do not trust the recommendations of others to avoid being deceived.
4. Focus on familiar fields
Don't try to be an all-around investor, focus on the areas you know best, such as NFT, DeFi, or spot trading, which is more likely to succeed.
5. Diversify your investments moderately.
Do not spread your funds too thinly across too many cryptocurrencies. Choose a few key currencies to focus on so that you can observe and analyze them more deeply.
6. Set stop loss
Learn how to cut losses quickly and decisively. Everyone makes mistakes, and cutting losses in time can effectively reduce losses and avoid greater financial crises.
7. Do not pursue the perfect buying and selling timing
Do not try to buy at the lowest point or sell at the highest point in the market, as this is almost impossible. Accept this fact and adjust your strategy.
8. Be cautious about risks
Unless you can treat speculation as a full-time job and the profit is enough to support your life, please do not take risks easily.
By following these rules, Newbie investors can effectively reduce risks and increase their chances of survival in the cryptocurrency market. Remember, maintaining a calm and rational investment strategy is the key to success.