Newbie players in the currency circle need to avoid pitfalls from five aspects: platform selection, fund management, scam identification, strategy construction and cognitive upgrade: 1. Select compliance platforms such as Hong Kong Securities Regulatory Commission license and verify liquidity and on-chain transparency; 2. Follow the principles of decentralized allocation and small trial and error, deposit funds through compliant legal currency channels to avoid over-the-counter trading traps; 3. Identify the Ponzi characteristics of the capital plate, the emotional induction of social engineering and the technical loopholes of the false platform; 4. Establish a dynamic stop loss mechanism, use tools to filter noise information; 5. Reconstruct the value anchor point, turn to fundamental analysis, and manage emotions through decision logs. Only by relying on the compliance framework, penetrating concept packaging, and building systematic defense can we achieve a cognitive leap from "leeks" to rational investors, and ultimately survive and benefit in a high-volatility market for a long time.

The high volatility and information asymmetry of the cryptocurrency market make novices easily fall into risks such as capital traps, technical loopholes, and emotional manipulation. This article combines the latest market practices in 2025, and analyzes how to systematically avoid risks and achieve a cognitive leap from "leeks" to rational investors.

1. Compliance platform selection: build the first line of defense for safe transactions

Platform compliance directly determines the security of funds, and it needs to be filtered from three dimensions: ** regulatory qualification, liquidity, and transparency:

1. Supervision qualification verification
   • Platforms that hold **Hong Kong Securities Regulatory Commission licenses** are preferred (such as HashKey Exchange, OSL), which must meet 300 compliance requirements, including asset isolation, anti-money laundering mechanisms and regular audits.
   • Traditional brokerage cooperation channels: Chinese brokerage companies such as Guotai Junan International have been connected to the compliant exchange system, and users can directly trade mainstream currencies through securities accounts.
2. Fluidity and transparency
   • Check the platform's 24-hour trading volume, the average daily trading volume of the leading platforms exceeds 10 billion US dollars, avoiding choosing small platforms with less than 5% of the market value.
   • On-chain data verification: Verify the balance of the platform Qianbao through tools such as Nansen and OKLink, and beware of the team's control behavior (such as when a DeFi token borrows the AI concept to hype, the exchange Qianbao balance surged by 300% as a shipping signal).

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2. Fund security management: establishing the underlying logic of rational investment

Fund management must strictly follow the principles of ** decentralized allocation, small trial and error, and compliance exchange:

1. Decentralized configuration and small trial and error
   • The start-up capital is recommended not to exceed 10% of the individual's investment assets, and the risk of a single transaction is controlled within 2% of the principal.
   • Adopt the "asset barbell strategy": 70% of mainstream coins (such as Bitcoin and Ethereum), and 30% are used for high-potential altcoins exploration to avoid excessive concentration of a single asset.
2. Franchise currency exchange path
   • Recharge through fiat currency channels (such as Hong Kong dollars, US dollars) on compliant platforms, the handling fee is usually less than 1%. For example, HashKey Exchange supports fast deposits from 10 banks including Standard Chartered Bank.
   • Beware of the "over-the-counter trading" trap: a platform attracts users with "USDT redemption discount", which is actually a capital market scam, which eventually led to the evaporation of 13 billion yuan of funds.

3. Common scam identification: Penetrating the nature of risk behind disguise

There are multiple scams such as ** capital plate, social engineering, and technical loopholes, and risk characteristics need to be identified based on typical cases:

1. Fund Trap
   • Case: Xin Kangjia platform used "1% daily income" as bait and absorbed 13 billion yuan through USDT, and the trader finally ran away with the money. Its essence is **Ponzi scheme**, relying on the principal of new investors to pay for old investors' returns.
   • Identification features: promise to guarantee high returns, hierarchical rebate model, and misappropriation of the names of well-known institutions (such as impersonating the Dubai Gold and Commodity Exchange DGCX).
2. Social engineering fraud
   • Case: Three "white and rich beauty" in Hunan induced men to purchase USDT by forging their personalities, and then transferred funds through the Trojan virus. It uses false romantic relationships to reduce vigilance, which ultimately leads to the loss of the victim's assets.
   • Identify characteristics: strangers induce investment, require clicking unknown links, promise "internal messages" or "exclusive channels".
3. Fake platform code
   • Case: After passing the security audit, the D-coin pledge platform launched a code with a "backdoor" to manipulate prices and transfer user assets. 103 investors lost 77.76 million yuan in virtual currency.
   • Identification features: missing technical documents, unopen source code, and opaque audit reports.

4. Trading strategy and risk control: Building a regular defense system

Reduce trading risks through ** dynamic stop loss, information filtering, tool application:

1. Dynamic stop loss mechanism
   • Set **Volatility Tracking Stop Loss**: For example, set the stop loss position to 1.5 times the volatility of the last 30 days. Data for 2025 show that traders using conditional orders have a stop loss execution rate of 47% higher than manual operations.
   • Beware of the temptation of high leverage: a platform provides a 100-fold perpetual contract, and the user's principal of 100,000 yuan will be liquidated when the price fluctuates by 8%, and eventually owes the platform debt.
2. Information filtering mechanism
   • Strategic information layout ahead of schedule: Before the U.S. Genius Act was passed, institutions had completed compliant asset allocation through US bond mortgage stablecoins.
   • Automatically blocking of noise-level information: When the social media discussion volume surges by 200% per day, the "emotional thermometer" will automatically reduce its position by 30%.

5. Cognitive upgrade: From emotional game to rational investment

To realize the paradigm transformation of ** investment logic, the value anchor point and emotional management mechanism need to be reconstructed:

1. Value anchor reconstruction
   • From "price speculation" to "fundamental analysis", we focus on core indicators such as project technology implementation (such as blockchain expansion plans) and ecological construction (such as DeFi user growth).
   • Drawing on traditional financial valuation models, such as using the "Metcalf's Law" to evaluate the value of public chains, and avoid blindly pursuing hot concepts.
2. Emotional Management Revolution
   • Establish a "dopamine blocking mechanism": the dopamine secretion intensity stimulated by trading behavior exceeds that of gambling, and physiological dependence needs to be reduced through meditation, exercise, etc.
   • The "decision log method" is adopted: the decision basis, emotional state and results are recorded after each transaction, and the cognitive bias is reviewed regularly.

In the game field where information overload and compliance reconstruction coexist, the core of novices avoiding pitfalls is to penetrate concept packaging, rely on compliance frameworks, and build a defense system. From Xin Kangjia's collapse to the zeroing of D coin, history has repeatedly proved that those who can control the rules can use the opportunity to create profits, and those who are trapped in short-term fluctuations will eventually become victims of the market . Investors need to incorporate risk control into the trading system, and achieve a cognitive leap from "trying the waters for beginners" to "rational game" through regular execution, instrumental filtering, and systematic hedging.

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