2026-01-03 10:23:29

For friends who are just entering the crypto world, I have to pour a bucket of cold water on you first.

Many people come in aiming for overnight riches. But the crypto world is very different from the stock market—here, it's 24/7, with intense fluctuations all year round, ready to give your cognition a good education.

You've probably heard of leverage and contracts. 1x, 5x, even 125x—sounds tempting, right? But in reality? Even with just 5x leverage, a 20% move can wipe out your account, and you might not even notice it happening.

So the first iron rule: beginners should not touch contracts. It’s really easy to go bankrupt.

Start by playing it safe with spot trading, and only choose leading cryptocurrencies like Bitcoin, Ethereum, and BNB. Don’t rush in just because someone says "this altcoin has increased tenfold." Most altcoins end up with only one outcome—zero. The losses are real money.

But here’s a harsh fact: crypto assets themselves are not perfect. Holding Bitcoin for a year doesn’t earn interest or dividends; its price entirely depends on how much others are willing to pay to take it off your hands. Some say the crypto market is a zero-sum game, and in a way, that’s true.

For young people, there are indeed opportunities here—but for most, the risks outweigh the opportunities. Before making money, you might be eliminated by the market.

Recently, the market sentiment isn’t very optimistic. Entering the market impulsively during a bear phase often just helps big institutions push their prices up. Instead of acting impulsively, it’s better to wait.

My sincere advice is: just use some pocket money to experience it, don’t go all-in with your life savings. The crypto world isn’t a place to get rich quick; it’s a battlefield testing human nature, patience, and cognition. Survive first, then talk about making money. That’s the long-term survival logic.

BTC-1,1%

ETH0,88%

BNB0,37%

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SchrödingersNode

· 01-05 15:11

It's the same old story, every time it can discourage a group of newcomers, haha.

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GasFeeCry

· 01-04 11:31

Newbies really shouldn't touch contracts. I've seen too many liquidation scenes—once and it's gone. Wait, you guys are talking about fake coins with tenfold increases? I just laugh. In the end, it's either zero or being cut. Spot trading still allows for a good night's sleep, but contracts make you anxious every day. Take the advice, everyone. Play with pocket money, don't go all in. Entering the market in a bear phase indeed lifts the big players. I’ve fallen into this trap before. Honestly, this is just a casino. Surviving here already means you've beaten most people.

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FallingLeaf

· 01-03 17:21

Contracts are really a killer for beginners. I've already seen someone get liquidated with 5x leverage. Spot trading is still the safer option. Even if a clone coin doubles or tenfolds, I wouldn't dare to touch it. Entering a bear market is just setting yourself up as a bagholder for the big players. Let's wait and see. Playing with pocket money is enough; never go all-in. In the crypto world, sooner or later, it's all about testing human nature.

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LiquidityNinja

· 01-03 10:51

Contracts are really a trap. I've seen too many beginners go all-in and end up with zero. 5x leverage sounds gentle, but it's actually just a trap. It's better to be honest and accumulate Bitcoin. Altcoins are just tools to cut leeks. The essence of the crypto world is zero-sum. When someone makes money, someone has to take the loss. Most people are cannon fodder. Now is really not the time to enter. In a bear market, you're just paying tuition to institutions. Don't go all-in. Just play with pocket money. Surviving is a thousand times more important than making money. This article is so heart-wrenching. The reality is just so cruel.

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MetaLord420

· 01-03 10:48

Listen up, contracts are really a killer for beginners. I've seen too many people go all-in and end up bankrupt. Don't trust those fake copies; 99% of them are just schemes to harvest retail investors. Hold onto your spot coins, let's talk later. The crypto world is a psychological battle; surviving is winning. Leverage is just a tool for institutions to push their agenda, stay away from it.

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SleepyValidator

· 01-03 10:47

Here comes the persuasion again... It's not wrong to say that, but most people come in with more gambling instinct than rationality.

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TokenDustCollector

· 01-03 10:46

Another article about "protecting the newcomers," but the words are true.

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QuorumVoter

· 01-03 10:46

Really, to beginners, a word of advice: don't touch the contracts, that thing can instantly wipe out your account. --- I've heard too many stories about altcoins, and in the end, it's all for nothing. --- The saying about zero-sum games hits hard; it’s easy to become a leek being raised by big players. --- Entering a bear market is just giving away free money; waiting really isn’t a bad idea. --- Honestly, the crypto world is just a gamble on human nature; most people are out before they even have a chance to make money. --- Don’t go all-in; it sounds simple but is actually the hardest to do. --- Just play with your pocket money, don’t invest your whole life savings—that’s not worth it.

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SingleForYears

· 01-03 10:45

Never mess with contracts. I've seen too many people go all-in and go bankrupt. Spot trading can still survive, but contracts are just for dying. It's so true. Most people come in wanting to get rich quickly, only to be thoroughly educated by the market in the end. Altcoins are all traps; if you're serious, you'll lose. I agree, the crypto world is indeed a zero-sum game. When someone makes money, someone else loses. This bear market is just a way for big players to lift the sedan chair. I'll just observe for now. No all-in life, this really hit me. Too many lessons learned. The easiest mistake beginners make is greed. Seeing others make money, they rush in. Just play with pocket money, don’t throw your retirement funds into it, really. The crypto world is a battlefield; there’s not that much luck. Most people just get cut.

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RunWithRugs