Many people enter the crypto world hoping to get rich overnight, but they don't realize the cruelest truth of this market—surviving is the real skill.
Luck? That's just a rookie’s excuse to comfort themselves. In this market, retail investors and the scythe's fate are completely different. During these volatile times, retail investors are repeatedly harvested, while the scythe is happily reaping. Why? Because most people haven't figured out how to survive longer here.
I've seen too many newcomers who, before understanding the market rules, are eager to figure out how to double their money quickly. Let me be honest with you—don't think about making money first, learn how to "not die" first.
**First: Never rush into high-leverage contracts**
Contracts are not a magic tool for doubling your money; they are an accelerator. When used correctly, they amplify gains; when misused, you get eliminated immediately. Beginners should not start with futures contracts; perpetual contracts are the best way to practice. For leverage, within 5x is safe; 10x or 20x is a game only professional players should play.
For example, if you have 8,000 yuan, you can only afford a maximum loss of 800 yuan per trade. Once this stop-loss is triggered, close the position decisively. Better to miss a rebound than to hold on and hope for a reversal. Many people try to earn more and end up being liquidated by a single negative move. When that happens, it’s too late to regret.
**Second: Choose the right platform; details matter**
There are too many cases of platforms running away, inserting false prices, or collapsing due to risk control failures. I only trust top-tier exchanges—not because they are perfect, but because these platforms put real effort into compliance, security, and risk management. Small costs like fees and funding rates may seem insignificant, but over time, they add up to noticeable losses. When you realize you’re losing money, it’s already too late.
**Third: Pursue certainty in returns, don’t follow the crowd’s emotions**
Today, you jump in because it rose 5%, and you think you’re a genius. But tomorrow, a big bearish candle wipes out all your gains, or even causes a loss. This quick-profit game always benefits a few winners.
What is a truly reliable entry standard? When the trend is unclear, don’t act. Wait until moving averages become clear, MACD confirms, RSI rises above 50—only then consider entering. During a downtrend, wait for the price to stabilize above previous lows; during an uptrend, look for divergence from moving averages and wait for a pullback. Chasing the rally blindly will most likely make you the bag-holder.
**Fourth: Control your position size; never go all-in**
Your 8,000 yuan isn’t meant to be put in all at once. Start with a small trial position, adjust your strategy based on the trend—cut losses when it falls, add to positions when it rises. The remaining funds are your safety net. When you make profits, remember to take some out in time; otherwise, you’ll eventually give it all back to the market.
You entered this market not to get rich overnight, but to survive. Look at those who shout “double my money ten times,” and see how much is left in their accounts—then you’ll understand.
After years of navigating the ups and downs in the crypto world, I’ve seen many climb out of losses, but even more stubbornly continue to throw money away. I’ve walked this path—whether you believe it or not, whether you follow or not, that’s your choice. Opportunities are always there, but the market will never keep reminding anyone repeatedly.
A steady ship is always sailing—do you want to board?
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Many people enter the crypto world hoping to get rich overnight, but they don't realize the cruelest truth of this market—surviving is the real skill.
Luck? That's just a rookie’s excuse to comfort themselves. In this market, retail investors and the scythe's fate are completely different. During these volatile times, retail investors are repeatedly harvested, while the scythe is happily reaping. Why? Because most people haven't figured out how to survive longer here.
I've seen too many newcomers who, before understanding the market rules, are eager to figure out how to double their money quickly. Let me be honest with you—don't think about making money first, learn how to "not die" first.
**First: Never rush into high-leverage contracts**
Contracts are not a magic tool for doubling your money; they are an accelerator. When used correctly, they amplify gains; when misused, you get eliminated immediately. Beginners should not start with futures contracts; perpetual contracts are the best way to practice. For leverage, within 5x is safe; 10x or 20x is a game only professional players should play.
For example, if you have 8,000 yuan, you can only afford a maximum loss of 800 yuan per trade. Once this stop-loss is triggered, close the position decisively. Better to miss a rebound than to hold on and hope for a reversal. Many people try to earn more and end up being liquidated by a single negative move. When that happens, it’s too late to regret.
**Second: Choose the right platform; details matter**
There are too many cases of platforms running away, inserting false prices, or collapsing due to risk control failures. I only trust top-tier exchanges—not because they are perfect, but because these platforms put real effort into compliance, security, and risk management. Small costs like fees and funding rates may seem insignificant, but over time, they add up to noticeable losses. When you realize you’re losing money, it’s already too late.
**Third: Pursue certainty in returns, don’t follow the crowd’s emotions**
Today, you jump in because it rose 5%, and you think you’re a genius. But tomorrow, a big bearish candle wipes out all your gains, or even causes a loss. This quick-profit game always benefits a few winners.
What is a truly reliable entry standard? When the trend is unclear, don’t act. Wait until moving averages become clear, MACD confirms, RSI rises above 50—only then consider entering. During a downtrend, wait for the price to stabilize above previous lows; during an uptrend, look for divergence from moving averages and wait for a pullback. Chasing the rally blindly will most likely make you the bag-holder.
**Fourth: Control your position size; never go all-in**
Your 8,000 yuan isn’t meant to be put in all at once. Start with a small trial position, adjust your strategy based on the trend—cut losses when it falls, add to positions when it rises. The remaining funds are your safety net. When you make profits, remember to take some out in time; otherwise, you’ll eventually give it all back to the market.
You entered this market not to get rich overnight, but to survive. Look at those who shout “double my money ten times,” and see how much is left in their accounts—then you’ll understand.
After years of navigating the ups and downs in the crypto world, I’ve seen many climb out of losses, but even more stubbornly continue to throw money away. I’ve walked this path—whether you believe it or not, whether you follow or not, that’s your choice. Opportunities are always there, but the market will never keep reminding anyone repeatedly.
A steady ship is always sailing—do you want to board?