From Beginner to Active Trader: How STON.fi Helped Me Understand the World of Cryptocurrency
When I first entered the world of cryptocurrency, STON.fi became my starting point. As a beginner, I was overwhelmed by the complexity of the technology and the vast amount of information to learn. However, step by step, I not only mastered the platform but also began to understand DeFi and transitioned from a simple user to an active trader. In this article, I’ll share my journey—from my first steps on STON.fi to grasping the basics of the crypto market, analyzing tokens, and working with liquidity.
First Step: Getting to Know the Platform and Simple Trades
When I first opened STON.fi, the interface felt unfamiliar; there were no logins, passwords, or accounts— instead, I connected my crypto wallet directly. This instantly gave me a sense of control over my assets, as all funds remained in my wallet rather than on the exchange.
My first trade was a simple token swap. I exchanged a small amount of Toncoin for another token to see how the platform worked. The trade went through quickly, which increased my trust in STON.fi. I realized that despite the simplicity of the interface, the platform is built on powerful smart contracts that ensure transparency and security.
First Mistakes and Lessons ⚠️
Like any newcomer, I faced some challenges. One of my first mistakes was granting a smart contract permission to access more funds than needed for the transaction. Fortunately, nothing serious happened, but it taught me the importance of always checking permissions and access levels.
Another mistake was misunderstanding market volatility. I bought a token at its “peak” price, only to see it drop a few days later. This helped me realize that in the crypto world, it’s essential to monitor charts, follow news, and avoid hasty decisions.
Learning Market Analysis 📊
To avoid repeating these mistakes, I started to dive deeper into market analysis. Here are a few things that proved useful for me:
- Studying price charts and technical analysis. I began looking at charts and noticing patterns. For example, I learned that a sharp rise is often followed by a correction.
- Following news. The price of tokens on STON.fi is often influenced by news. Whenever new projects or partnerships appear on TON, it instantly impacts the price of Toncoin and other ecosystem tokens.
- Analyzing trends. Understanding general trends in cryptocurrency allowed me to make more confident decisions, knowing when it was better to enter the market or wait.
Working with Liquidity on STON.fi 💧
On STON.fi, I also learned about liquidity provision, which turned out to be a great way to earn passive income. I added my tokens to liquidity pools, and each time someone swapped tokens through my pool, I received a share of the transaction fees. This not only helped me earn but also gave me a better understanding of how AMMs (automated market makers) work and why liquidity is so important for the platform.
After understanding liquidity, I began factoring in impermanent loss and chose pools more carefully. I now try to select pairs with lower volatility to minimize risks.
Transitioning to Active Trading 🚀
After a while, I felt confident enough in my knowledge to try active trading. I started with small trades, buying tokens when prices dropped and selling them when they rose. This required analysis, attention, and quick reactions, but over time, I started seeing profits from trading.
These days, I often use multiple strategies, from staking Toncoin to arbitrage, and I keep an eye on new projects on STON.fi to stay informed about fresh opportunities. It also became easier to quickly analyze new tokens and assess their potential.
Personal Advice: Continuous Learning and Analysis
If I could give one piece of advice to those starting on STON.fi, it would be to keep learning. DeFi and cryptocurrency are evolving rapidly, and to keep up, you need to read the news regularly, learn new tools, and not be afraid to experiment.
STON.fi not only gave me the chance to earn but also helped me understand the crypto market more deeply, taught me how to analyze risks, and gave me confidence in my abilities. This journey from beginner to active trader has been exciting and educational, and I’m sure it’s just the beginning.
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