#美联储重启降息步伐 has been in the space for seven years. This morning, I came across a post saying, "Only fools hold spot," and I stared at the screen for a long time.

Thinking about it, it's true—the market isn't what it used to be. Back then, a bunch of retail traders would band together for support; now, giants like BlackRock can just flip the table. Ten times leverage used to be aggressive, now 150x is nothing unusual. But precisely because of this, I'm even more certain about one thing: you must hold onto your spot assets tightly.

Why? Look at this market now—doesn't it feel like a pressure cooker that could explode at any moment? Any news can instantly wipe out a string of leveraged positions. The bull market has indeed returned, but too many people's principal is gone forever. This made me realize the simplest truth—you have to survive first to even talk about winning. Spot holdings are your way to "survive."

The allocation logic I've figured out over the years is actually very simple:

**Your main position must be stable.** $BTC and $ETH , these mainstream coins are your foundation. Short-term ups and downs? Ignore them. As long as your principal remains, there will always be a chance to make a comeback. This is the most basic rule for survival.

**Be restrained with leverage.** I never touch futures. Why? Because I know I'm not a machine—I can panic and get greedy. Those high-multiplier games are for the rare discipline freaks; for ordinary people, it's just giving money away.

**It's okay to gamble with a small position.** I set aside a bit of money I can afford to lose to buy some meme coins. This isn't called investing; it's participating in collective madness—winning is fun, losing doesn't matter. Their value lies in consensus and sentiment; they can create legends, but only if you use money you don't mind losing.

So how do I survive now? I protect my bottom line with spot holdings and use a tiny portion to bet on possibilities. I don't try to predict tomorrow's price movements; I just know that in a place dominated by whales and extreme volatility, longevity is worth more than anything.

This is the honest truth from an old-timer. The market is always changing, but some things, I think, shouldn't be forgotten. Hope it's helpful to you. $BTC $ETH