For friends who are just entering the crypto world, I have to pour a bucket of cold water on you first.

Many people come in aiming for overnight riches. But the crypto world is very different from the stock market—here, it's 24/7, with intense fluctuations all year round, ready to give your cognition a good education.

You've probably heard of leverage and contracts. 1x, 5x, even 125x—sounds tempting, right? But in reality? Even with just 5x leverage, a 20% move can wipe out your account, and you might not even notice it happening.

So the first iron rule: beginners should not touch contracts. It’s really easy to go bankrupt.

Start by playing it safe with spot trading, and only choose leading cryptocurrencies like Bitcoin, Ethereum, and BNB. Don’t rush in just because someone says "this altcoin has increased tenfold." Most altcoins end up with only one outcome—zero. The losses are real money.

But here’s a harsh fact: crypto assets themselves are not perfect. Holding Bitcoin for a year doesn’t earn interest or dividends; its price entirely depends on how much others are willing to pay to take it off your hands. Some say the crypto market is a zero-sum game, and in a way, that’s true.

For young people, there are indeed opportunities here—but for most, the risks outweigh the opportunities. Before making money, you might be eliminated by the market.

Recently, the market sentiment isn’t very optimistic. Entering the market impulsively during a bear phase often just helps big institutions push their prices up. Instead of acting impulsively, it’s better to wait.

My sincere advice is: just use some pocket money to experience it, don’t go all-in with your life savings. The crypto world isn’t a place to get rich quick; it’s a battlefield testing human nature, patience, and cognition. Survive first, then talk about making money. That’s the long-term survival logic.