Recently, two colleagues born in the 2000s made 300U in a day trading contracts.
In our vast crypto market, this profit is hardly anything; it's just a small gain.
But the poor person, who only has 1000 bucks, is still tempted!
Think about it this way: if you take out 100 bucks to play, even if you lose, it's just 2 days' worth of meals.
Then think about yourself: completely unaware of which coin will rise or when it will fall; playing like this is akin to gambling.
🫧🍾 The poor person suddenly realizes that they cannot afford the risk.
👗 Subsequently, this person woke up and checked the data.
1. What you see is just the tip of the iceberg.
Behind a profit of 300U, there may be hidden experiences of multiple liquidations.
About 75% of retail investors in the contract market lose money within 6 months; this data is disclosed in annual reports from major exchanges.
2. Recognizing the harsh realities of data.
Bitcoin's annual volatility in 2023 is about 200%, but 80% of the gains occurred in just 7 trading days; if you miss those 7 days, your annual return goes to zero.
The liquidation rate for altcoin contracts is higher; data from a certain second-tier exchange shows that 92% of users with 50x leverage do not survive past 72 hours.
If the strategy used by colleagues is 'following trades' or 'trading based on news', the long-term win rate will not exceed that of casino blackjack (about 49%).
News cannot always be accurate: even if they got it right this time, what about next time? Or the time after that? In the long run, the win rate of trading coins based on news will not exceed 50%, or even lower.
The essence of the market is a zero-sum game: if someone earns 300U, someone else must lose 300U. You think you will be the winner, but statistically, the vast majority of retail investors are losers.
3. In such a state, you are simply not suited for trading contracts.
No margin for error: losing 100 bucks means 2 days' living expenses, which means you can't afford even the slightest pullback.
Lack of basic knowledge: not understanding candlesticks, support and resistance, funding rates, relying solely on following others is no different from betting in a casino.
Easily manipulated by emotions: when in profit, want to increase position; when in loss, want to recover losses; the final result is definitely being harvested by the market.
🍀💰 If you must participate,
Zero-cost solution.
Simulated trading training: use the simulation feature of exchanges (like Binance simulated trading) for 3 months, recording the decision basis for each trade.
On-chain data analysis: learn to use data platforms like Santiment to observe big wallet address movements rather than listening to rumors.
Time arbitrage: use your existing skills (design/programming/copywriting, etc.) to take on gigs on Web3 freelance platforms, earning stable income is more reliable than gambling.
🌾✨ Extreme risk control plan.
Absolutely no more than 2% of disposable cash (should be around 20 yuan based on 1000).
Only open leverage below 3x, set automatic take profit and stop loss (for example, close the position immediately at 15% profit / 10% loss).
Never touch contracts, only trade spot, and only choose the top two coins, BTC/ETH.
💰🪙 If you are determined to play:
Spend 3 months completing the following preparatory actions:
① Backtest various strategies from the past three years on TradingView.
② Read (A Brief History of Digital Currency) (Crypto Assets) to build a basic understanding.
③ Set up a virtual portfolio on CoinMarketCap to experience real fluctuations.
🍓 In this market, surviving longer is 100 times more important than earning quickly. You are not cool; entering the cool group also requires 1000U. Do you have money? If others' "success" is sustainable, they should be driving a Porsche by this time next year—it's not too late to follow up then. The most important investment right now is in cognitive ability and capital accumulation, not a gambling mentality.
⏰Lacking money + wanting to earn quick cash, this is exactly the type of retail investor that the big players like the most.
Real opportunities always belong to those who are not in a hurry to make money.
So that poor person with only 1000 bucks decided...
💷 First stabilize the basics, then think about other things.