The crypto world is very deep, remember these 8 straightforward points, they can help you lose a lot less money.

1. Don't touch what you don't understand
Don't listen to others saying which coin can make you rich and just go for it. If you don't even know what it's for, isn't that just giving away your money?
2. Invest spare money, losing it won't hurt.
Use the money you can afford to lose, like the money you set aside for treating others to a meal. Never borrow money or take out loans to trade coins, or you won't be able to sleep at night.
3. Take the profit and secure it.
If you make money, remember to withdraw the principal or a portion of the profits into real money. No matter how much the numbers in your account increase, if you haven't sold, it doesn't count as yours.
4. Don't trust "teachers", trust yourself.
Those so-called "masters" online who shout and lead trades are mostly looking to cut your leeks. If they were really that capable, they would have already made a fortune secretly by themselves.
5. Do not chase skyrocketing prices, do not short sell during a crash.
Seeing a coin soar to the sky, if you rush in, you basically end up standing guard at the peak. Don't be in a hurry to catch the falling knife when it crashes; who knows where the bottom is.
6. Be able to hold on, but also run fast.
For the coins you are optimistic about, don't sell them off just because they rise a little; but if the situation isn't right and they fall below your psychological bottom line, run quickly and don't indulge in fantasies.
7. Cold wallets are the safest
Large amounts of coins should not be kept in exchanges for a long time. Get a cold wallet (hardware wallet), it's like storing your money in a safe, much more secure than putting it in someone else's pocket.
8. Mindset first, technology second
The crypto world tests human nature the most; greed and fear are the biggest enemies. Don't get carried away by making money, and don't get overwhelmed by losing money.

Remember, in this market, surviving is more important than making quick money.