Let's say, this $WIF coin with a 1:19 odds, which is now around 0.63, someone suggested using 10% of the principal from the account to bet it will rise to 3. If it doesn't reach 3, just hold on, unless a stop loss is triggered. The stop loss is set at a point where the purchase price drops by 20%.

For example, if your 10% principal is 500U, if playing spot, you would buy 2500U worth of coins. If this 2500U drops to 2000U, you stop loss. If playing contracts, take 500U and open a position with 5x leverage; if it liquidates, you stop loss. If you win, the spot can go from 1000U to 9500U, and the contract can also go from 500U to 9500U, feels like betting 500U to get 9500U, quite a bargain, right? This 20% stop loss is mainly to prevent the market from suddenly “spiking.”

But I must advise you, this idea is really unreliable. 1:19 odds mean it has to rise nearly 20 times; the crypto world is crazy, but such an absurd rise is akin to winning the lottery. Moreover, even if you set a 20% stop loss, if the market suddenly moves, it can instantly liquidate you, and you won’t even have time to cry. As for contracts, don’t even mention it; with 5x leverage, a slight drop will liquidate you, and 500U will be gone in an instant. It's better to invest steadily; don’t be fooled by this seemingly tempting pie. What are the common risks and pitfalls in crypto investment? How can one maintain rationality and calm in crypto investment? What are the future development trends in crypto investment?