A heartfelt message to newcomers in the crypto world:

Many people just entered the scene, full of illusions of others becoming multi-fold or even dozens of times richer overnight, but they fail to see the blood and tears behind the scenes of liquidation. This market has never been a place to pick up easy money; it’s a battlefield of cognition and human nature.
1. Contracts are really not for ordinary people to play with
Don’t be fooled by the high leverage and huge profits; it amplifies not only gains but also your greed and fear. A wave of counter-movement can wipe out your principal in days or even hours. I’ve seen too many people come in hopeful and leave in despair, with tens of thousands or hundreds of thousands of dollars vanishing in an instant. Such lessons are enough to knock someone down for good.
2. The lower the leverage, the longer you survive
High leverage may seem to offer quick gains, but it actually hands full control over to the market. Any fluctuation can ruthlessly wipe you out. In the crypto world, surviving longer is a thousand times more important than making quick profits.
3. Stay away from air coins and trash coins
Apart from mainstream coins like BTC and ETH, which have strong consensus and ecosystems, most altcoins are tools for project teams to harvest investors. Without real-world application or consensus, they rely solely on hype and pump-and-dump tactics. When they rise wildly, they fall just as fiercely. Zeroing out is just a matter of one thought.
4. Don’t blindly trust news or follow the herd in all-in bets
Signals in groups, insider information, big shots endorsing projects—most of these are just ways to find someone to take the other side of your trade. Chasing after rumors and going all-in on high points will only get you stuck at the limit-down. Independent thinking and protecting your principal are more important than anything.
5. The crypto market isn’t short of opportunities, only patience is lacking
Market cycles always rotate. After the US stock market heats up, gold comes next; after gold, the crypto scene. The current sideways and quiet periods are just cleansing the impatient, leaving only those who can withstand the cycles.
Don’t always think about getting rich overnight; first learn how not to lose money, then think about how to earn. If you can survive several bull and bear cycles in this market, you’ve already beaten 90% of people.