Don't touch contracts, 99% of people will die here.

The most dangerous thing in the crypto world is not altcoins, but contract trading. Many people initially think that "low leverage is safe," such as 5x or 10x leverage, and that they can't get liquidated, right? As a result, Bitcoin's daily volatility can be 20%, and altcoins can even be halved at any time. You think you are safe, but a reverse fluctuation can lead to your liquidation.
Contracts are essentially gambling, and the house always knows the market better than the retail investors. Many people start by making a few small profits and mistakenly believe they are the "chosen ones," then they increase their positions and end up being instantly taken away by the reverse market. Therefore, the advice for beginners is - play spot trading honestly and don't think about getting rich with contracts; often, those who can survive are the real winners.
Only buy top coins, don't touch altcoins.
There is an old saying in the crypto world: "Buying Bitcoin won't make you rich, but at least it won't go to zero." What about altcoins? 99% will eventually go to zero.
Many newcomers see a certain altcoin surge and can't help but experience FOMO (fear of missing out), resulting in buying at a high and getting stuck. You think you are an "early investor," but in fact, you are the "last one holding the bag."
Beginner's advice: Only buy three types of coins:
•Bitcoin (BTC): The gold of digital currency, resistant to downturns, guaranteed to rise in a bull market.
•Ethereum (ETH): The core of blockchain, with long-term technological value.
• Binance Coin (BNB): The leading coin of the exchange, with a strong ecosystem.
Other coins are basically trash, don't touch them.
Cryptocurrencies do not pay dividends; making money relies entirely on buying low and selling high.
Warren Buffett is not optimistic about cryptocurrencies, and the most direct reason is that Bitcoin does not pay dividends like stocks do. Its value is entirely dependent on how much others are willing to pay for it, which is the market demand.
The cryptocurrency market is a zero-sum game – the money you make is the money others lose. Institutions, big players, and project teams are all waiting to harvest the retail investors. Many newcomers think that simply holding coins will make them money, but in reality, they will only be drained between rises and falls.
So, don't fantasize about making money by holding long-term; remember: buying low and selling high is the way to go.
Now is not the time to buy the dip, be patient and wait.
The market has been sluggish recently, and many people are suffering severe losses because it is currently a bear market, market sentiment is still cold, and funds have not yet entered the market. Buying coins at this time is likely just handing them over to institutional investors.
The real bottom has not yet been reached. Wait until large funds start to enter the market and the trend reverses before taking action. This is the correct way to seize the opportunity.
Remember: The risks in the cryptocurrency world far outweigh the opportunities.
Finally, the most important point: money in the crypto world is not that easy to make. Many people think they can multiply their investments by dozens of times during a bull market, but most can’t even survive a single bull-bear cycle, ending up with liquidation and losses before exiting.
When investing in the crypto space, never use your living expenses to gamble. Only invest spare money, as even if you lose it all, it won't affect your life. The most important thing is—surviving is more important than getting rich.
‍#币圈 #btc