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The Complete Guide for Ordinary People to Make a Comeback and Get Rich in the Web3 Cryptocurrency Circle: Avoid Common Pitfalls and Make Money Efficiently

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In the cryptocurrency space, making money is not about overnight success but rather understanding asset flow and value discovery. For ordinary people to succeed, they must grasp the underlying logic of various investment methods such as trading, mining, airdrops, NFTs, and DeFi. **Common Pitfalls for Beginners:** 1. **Following Trends Blindly:** Many rush to buy coins after seeing a spike, often resulting in losses. It's crucial to research project whitepapers and community engagement rather than just relying on price charts. 2. **Trusting Insider Information:** Much of the so-called insider news is misleading. Genuine insider information is rarely shared publicly. 3. **Ignoring Security:** The crypto space is rife with scams. Users should only use official channels and safeguard their private keys. **Effective Money-Making Strategies:** 1. **Dollar-Cost Averaging in Major Coins:** Regularly invest in established cryptocurrencies like Bitcoin and Ethereum to reduce risk. 2. **Participating in Quality Airdrops:** Engage with new Web3 projects to earn free tokens through tasks, which can accumulate over time. 3. **Earning Interest through DeFi:** Deposit coins in decentralized finance platforms for interest or rewards, while being cautious about risks. 4. **Exploring NFTs and GameFi:** Invest in promising NFT projects and play-to-earn games, but be wary of potential bubbles and scams. **Essential Tools and Information Channels:** - Use navigation tools to find official exchange domains. - Stay updated with market trends through cryptocurrency news platforms. - Join communities to exchange information and insights. **Conclusion:** Success in the crypto world requires avoiding common mistakes, enhancing knowledge, and utilizing the right tools. Continuous learning and cautious actions are vital for thriving in this space.

Making money in the crypto world is not a myth of overnight wealth; it is more about the competition of information gaps and cognitive differences. For ordinary people to succeed, they must first understand that the core of Web3 and the crypto world lies in asset liquidity and value discovery. Trading coins, mining, participating in project airdrops, NFTs, and DeFi investments all revolve around asset appreciation. To make money efficiently, one must first grasp the underlying logic of these activities.

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Avoid Common Pitfalls for Beginners#

  1. Blindly Following Trends to Buy Coins
    Many people rush in when they see a coin skyrocketing, only to end up buying at a high price. The crypto market fluctuates rapidly, and news has a significant impact; following trends can easily lead to losses. It is advisable for beginners to first learn to read project whitepapers, understand team backgrounds, and check community engagement, rather than just looking at K-line charts.

  2. Trusting "Insider Information"
    Various "insider information" circulates in WeChat groups, QQ groups, Weibo, and Moments. Most of it is just schemes by manipulators to pump and dump. Real insider information is not easily leaked, so don’t be fooled by promises of "guaranteed profits."

  3. Ignoring Security Issues
    The crypto world is rife with scams, with phishing websites, fake wallets, and fraudulent exchanges emerging constantly. Always rely on official channels, keep your private keys and recovery phrases safe, and avoid clicking on unfamiliar links. Domestic users are recommended to use tools like Hyperlink Navigation to quickly find the latest official backup domains for mainstream exchanges like OKX, Binance, HTX, Gate, Bitget, and Bybit to avoid fake sites.

Practical Methods for Efficient Earning#

  1. Regular Investment in Mainstream Coins
    Mainstream coins like Bitcoin and Ethereum have strong risk resistance in the long term. You can invest weekly or monthly, buying in batches to lower costs, which is suitable for ordinary people who do not have much time to monitor the market.

  2. Participating in Quality Project Airdrops
    New Web3 projects often distribute airdrops with high returns. Follow official channels like project websites, Twitter, and Discord, and participate in testnets, registrations, and interactions to have a chance to receive free tokens. Although airdrops may be small, they can accumulate over time, and the risk is very low.

  3. Earning Interest through DeFi Investments
    Deposit coins into decentralized finance platforms to earn interest or liquidity mining rewards. Choose top platforms, pay attention to risk control, and avoid chasing high returns. It is advisable to only use spare money for participation and to diversify investments.

  4. Opportunities in NFTs and GameFi
    NFTs and blockchain games are new trends in Web3. You can pay attention to promising NFT projects, buy in at low prices, and wait for appreciation. Blockchain games allow you to earn while playing, which is suitable for gaming enthusiasts. However, be wary of bubbles and scams, and prioritize projects backed by well-known teams and investment institutions.

Essential Tools and Information Channels#

  1. Exchange Backup Domain Navigation
    Domestic users often encounter issues accessing exchanges. Use Hyperlink Navigation to find the official available backup domains of mainstream exchanges, ensuring peace of mind and safety.

  2. Market and Information Platforms
    Learn to use crypto market websites and news apps to stay updated on market dynamics. The more you read and learn, the better your judgment will become.

  3. Community Engagement
    Join crypto communities and communicate with experienced players to obtain firsthand information. Don’t work in isolation; information gaps represent opportunities.

Summary Analysis#

Achieving wealth in the crypto world is not based on luck, nor is it about blindly following trends. For ordinary people to earn efficiently in the Web3 world, the key is to avoid common pitfalls, enhance their understanding, and make good use of tools and information channels. Regular investment in mainstream coins, participating in airdrops, DeFi investments, NFTs, and GameFi are all paths that ordinary people can explore. Security awareness and learning ability are equally important; only by continuously learning and operating cautiously can one remain invincible in the crypto world. Utilize tools like Hyperlink Navigation to ensure account security and seize every opportunity for wealth.

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