The turning point comes during despair. The price of Bitcoin has pulled back from the peak of 108,000 to the current 94,600, a decline of less than 13%. Altcoins have pulled back 30%-40% or even more; this is just a normal correction in the crypto world.

When trading cryptocurrencies, first establish the correct investment mindset. High leverage is just gambling, guessing price movements daily is like guessing the size of a coin—going to zero is only a matter of time.

The contracts on exchanges are just big casinos. Some influencers who lead you to play with high leverage are just gambling addicts, continuously instilling wrong concepts and leading you to bet; the casinos and these gamblers are always taking a cut.

When did playing with 20x or 50x leverage become the norm?

Earn as much as your capital allows. From 2x ETH to the upgrade in March, going to 8,000, increasing by 2.5x with 2x leverage = 4-5 times. No risk for 3 months, earning 4-5 times is still not enough?

You can open a 20x position, but if you only take a 10% position, your actual holding is 2x. If it drops by 50%, you get liquidated but there’s no risk.

Every day everyone urges me to open a trade. I have tried my best to help everyone avoid some risks, but daily betting on price movements is really not stable. The shorter the price range, the more random its movement. For instance, even in a bull market, the next second's price movement is basically 50% chance. However, if we stretch the time a bit, ETH will surge before the Prague upgrade; this is almost a 100% certainty.

So, with a 100% trading opportunity in front of you, why do you insist on betting on the day's price movements? Look at Warren Buffett or Sun Yuchen; they focus on spot trading and rarely leverage, perhaps only 1-2 times.

Thus, these people can survive and keep harvesting profits while the gamblers come and go, contributing countless amounts of money to the crypto world before going to zero themselves—it's truly touching.

The crypto world is a zero-sum game; trading does not create extra money; it is merely a transfer of wealth.

So, who makes money with 2x leverage? It’s just taking the money from those using 100x leverage. It's that simple.