Newbies, don't rush into contracts

Having been in the crypto space for over 10 years, every time I see a new rookie dive headfirst into "contracts", I can't help but intervene.

It's not that I want to dampen everyone's spirits, but I've seen too many people go from "wanting to make quick money" to "losing everything overnight". Today, I want to share my thoughts:

1. Do you think you can win by looking at K-lines? The market makers play with the information gap that you cannot understand.

Many newbies just entering the crypto space feel that by looking at K-lines for a few days and learning a few "MACD golden crosses and dead crosses", they can make money in contracts. But the truth is, the K-lines that retail investors see are historical data and have very limited use.

Market makers have the "information gap" that you don't have: for example, they might know the project's updates in advance and can mobilize large funds to control the market. You might win 10 times, but as long as you lose once, you’re completely done.

What you think is "technical analysis" is often what the market makers want you to see. How can you win that way?

2. Look at the downfall of Liangxi; high-leverage contracts are essentially "gambling"

Speaking of contracts, no one can avoid Liangxi. He became famous for rolling over contracts and made tens of millions at a young age, but in the end? Because he leveraged too much, he not only lost all the money he made but also ended up in deep debt. Among those around me who engage in high-leverage contracts, 9 out of 10 experience "win first, lose later". In the end, they either lose all and exit or their mindset collapses, leading them to gamble recklessly, pouring in their savings or even borrowed money.

3. Event contracts are even more risky!

First, the "fees" are outrageous: the fees for event contracts plus slippage can add up to around 20%. Secondly, predicting market trends is practically impossible.

4. The exchanges don’t waste money hiring million-dollar-a-year experts.

Contract strategies require investment and constant optimization. Think about it, they rely on teams, funds, and technology to make a living. As a newbie, why do you think you can outperform them?

In fact, the speed of making money in the crypto space is already much faster than in other industries: if you choose a quality coin, holding it for half a year to a year can potentially multiply your investment several times or even tens of times. Survivor bias, one in a million. In zero-sum games, the winners are all funded by the retail investors' money.