The most honest advice for beginners entering the circle: if you're still a newbie, don't understand technology, and have no risk control concepts, just honestly stick to spot trading and don't overthink it.
Once you gain some practical experience and start to understand the market patterns, you can gradually explore derivatives like futures contracts and options. But here’s the key point—before you become a super trader, there's a hard limit on leverage: for Bitcoin, at most 3x, not a single bit more. As for altcoin contracts? I advise you to give up directly, because that's a trap.
Why do I say this? Because many people skip these suggestions, and their final outcome is basically the same: frequent deposits, continuous losses, losing more and more, getting more anxious, and making more mistakes. If you keep walking this path, there's no turning back. So rather than regretting later, it's better to face reality now.
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ChainBrain
· 5h ago
Really, I've seen too many people ignore advice and go all-in on altcoin contracts, only to lose everything in a week.
The 3x leverage line must be strictly guarded; greed really is poison.
Spot trading is the fundamental skill; without it, nothing else matters.
You're not wrong; most people lose because they're impatient. The orders made out of haste are usually wrong.
But on the other hand, some people need to fall flat on their face to learn a lesson.
They start with high enthusiasm when depositing funds, then regret it when they get liquidated—that's just the cycle.
I've long given up on altcoin contracts; it's way too easy to get cut.
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DiamondHands
· 5h ago
Ah, you're so right. The group of newcomers around me just won't listen to advice and insist on playing with 5x leverage. Now they're all crying.
Watching them frequently deposit funds, I just know it's the end. If this wave doesn't explode, then it's a real loss.
Shanzhai contracts are truly a pit of pits. I fell into one last year and haven't touched them since.
Spot trading is really the way to go. Quietly making a fortune is all that matters. Why make things so complicated?
The 3x leverage suggestion is perfect. Doubling it is like gambling with your life. That's exactly how I operate now.
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ProposalManiac
· 5h ago
That red line for 3x leverage definitely needs to be drawn. Aren't there many bloody examples in history?
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WalletsWatcher
· 6h ago
To be honest, this is a painful lesson. I've seen too many people play BTC with 3x leverage and end up liquidated.
Spot trading is really not shameful; in fact, it's the least costly in terms of IQ tax.
Avoid those scam contract products; 99% of them are scams.
The more frequently you deposit, the more you lose—this rule is very accurate.
Newbies should just wait patiently and not rush; there's no need to hurry for those two years of effort.
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GasFeeCrier
· 6h ago
3x leverage Bitcoin is considered too conservative; I just pretend I didn't hear it.
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StablecoinEnjoyer
· 6h ago
The red line of 3x leverage I carefully drew, but still some people insist on stepping on it.
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Honestly, this kind of advice can only save those who want to be saved; those looking for shortcuts simply won't listen.
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Spot trading is truly the safest, stable!
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My friend has already filled this scam of contract trading twice haha.
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That period of frequent deposits hit home; losses can really get to you.
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3x is already the limit; greedy people have already gone to zero.
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Those who heed advice won't make big money; those who ignore advice won't make small money—that's the rule.
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Leverage is truly a double-edged sword; beginners simply can't play with it.
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The words "No Return" should be tattooed on me; it's so true.
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Spot holders, let's gather, we'll take it slow.
The most honest advice for beginners entering the circle: if you're still a newbie, don't understand technology, and have no risk control concepts, just honestly stick to spot trading and don't overthink it.
Once you gain some practical experience and start to understand the market patterns, you can gradually explore derivatives like futures contracts and options. But here’s the key point—before you become a super trader, there's a hard limit on leverage: for Bitcoin, at most 3x, not a single bit more. As for altcoin contracts? I advise you to give up directly, because that's a trap.
Why do I say this? Because many people skip these suggestions, and their final outcome is basically the same: frequent deposits, continuous losses, losing more and more, getting more anxious, and making more mistakes. If you keep walking this path, there's no turning back. So rather than regretting later, it's better to face reality now.