Contracts are really the most exploitative thing in the crypto world.

Some people talk to me about K-line patterns, position control, trading discipline—just listen, because essentially you're still gambling. Those who take profits are lucky gamblers, those who get liquidated are unlucky gamblers. No exceptions.

But when I say this, some people are unhappy: gambling is everywhere in life, opening a store is gambling, working a job is gambling, even in the A-shares market it's gambling. Indeed, anything risky can be called gambling.

But there's an essential difference here.

Let's talk about spot trading. Suppose you buy Bitcoin with 120,000 yuan right at the top of a bull market—the worst timing. Then you hold on and keep investing regularly for four years. Even if Bitcoin crashes to 30,000 yuan, your average cost will be around 40,000 to 50,000 yuan. When the next bull market comes and hits new highs, your profit will not only double but you'll also be able to sleep peacefully.

Why are contracts so harmful? For one reason: the cost of trial and error is simply unaffordable.

Many people think losing a little money doesn't matter, just as a way to refine their trading system and mental resilience. I want to tell you, you might have misunderstood. You're not using money to test and error—you are risking your life in trading. You're gambling with your health, your mental state, your family relationships, your spiritual world, and the quality of your entire future.

Think back to the time you were trading contracts: can you really maintain a healthy body and a positive mindset?

Think this through, and the choice will become clear.