Getting into the crypto space early on really makes it easy to fall into traps. Thinking back to 2016, when I first started, I knew nothing, chasing after hype, recruiting others, and ending up with nothing. At that time, I had zero understanding of the market and saw every new concept coin as an opportunity.

Now, after experiencing several bull and bear cycles, my biggest takeaway is the ability to discern. Honestly, some tokens in the crypto world are designed quite "deliberately"—seemingly innovative mechanisms, but in reality, just schemes to harvest retail investors. Beginners are most easily attracted to these kinds of coins because they tell a good story and make tempting promises.

But once you go through two or three cycles in this circle, you can start to see the clues. The advantage of seasoned players isn't predicting the future; it's having fallen into pits and paid tuition, which sharpens their risk awareness.

The key is to stay away from tokens whose mechanisms are fundamentally flawed. Instead of being led by the trend, it's better to observe more, learn more, and understand that fundamentals are the long-term survival rule. The market is always teaching—it's up to you whether you passive suffer losses or actively learn.