Newcomer's Quick Guide to Entering the Web3 Industry in Six Steps

Step 1: Laying a Solid Foundation

First, honestly read the whitepapers of BTC and ETH, which are fundamental to understanding the crypto world. After gaining some insights, maintain this habit and then explore some popular public chains, such as Aptos, Layer 2 tracks like Optimism and Odyssey whitepapers. Reading whitepapers is the most basic and effective way.

Read about 100 documents, and you’ll be stronger than 90% of the big V accounts on Twitter. At this stage, don’t rush!

Step 2: Building a High-Quality Information Stream

After establishing a solid foundation, create your own high-quality information flow. For example, if you come across an insightful analysis article, check the source and author promptly, and build an information library for future reference. In short, read more, filter carefully, and summarize promptly to form your efficient information stream!

Once you have a certain knowledge system, use these channels to gather useful information for your investments. Study diligently, find the connections between them, and strive to understand them thoroughly! Use Twitter and some of the tools mentioned above, along with news—this is enough for most people. But it must not be superficial; you need to dig deep. If there’s something you don’t understand, research and ask!

As a newcomer, besides Twitter, I recommend some commonly used content platforms to help you quickly build your information flow:

Starting with these few is more than enough, plus a book called “Hello, Blockchain,” which is simple and easy to understand.

Step 3: Hands-On Practice and Learning from Mistakes

The core of trading is trial and error. It’s impossible to establish yourself without making mistakes. Others’ experiences are just theirs; you can’t fully empathize. Play around with contracts, meme coins, and clones. It’s recommended to allocate a small amount of funds that you can accept losing, and keep trying. When you try, feel pain, regret, reflect, develop respect for the market and risk—then your path will become much smoother.

Step 4: Timely Review and Habit Formation

My habit is that after each investment, I write down why I invested, the approximate profit or loss, and other plans. After seeing the results, I analyze them. Compare your pre-investment thoughts and plans—why did you make money? Why did you lose? What can be optimized? This step is crucial. You want to keep growing, not be a gambler. Maintaining a review habit is very important.

Step 5: Establish a Trading System and Principles

Drivers can’t predict road conditions before leaving, but they can rely on their driving skills and experience to stay calm amidst chaos and avoid danger. Investors can’t fully predict future market changes, but they can mitigate risks based on their experience and skills. Over time, once these experiences and skills are solidified, it means the investor has established their own trading system.

Step 6: Elevation

In the end, investing isn’t about the ability to analyze projects or market analysis skills. Ultimately, it’s about human nature.

Besides the long-term understanding of the market and deep insight into some fundamental principles of trading, it’s also about self-awareness—understanding your psychological weaknesses, character flaws, and thinking habits. These two factors influence and restrict each other.

Issues like stop-loss in trading and impulsive trading by market newcomers are not isolated problems, nor are they simple technical issues. Confucius climbed Mount Dongshan and looked down on Lu, climbed Mount Tai and looked at the world. The deeper the speculator’s self-awareness, the deeper their understanding of the market; and vice versa. Only through inner struggle and elevation can one truly walk the path of greatness. **$ETH **$BTC