I started with a capital of 100,000 and made nearly 2 million, mainly through spot trading. But today I want to say something different from others. These are the heartfelt words of an old investor who has experienced both bull and bear markets.

If you want to change your life, please read this

I don't know if you often see "Stay away from contracts and cherish your life"

This sentence?

Everyone who enters the circle hopes to find a coin that can increase by 100 or 1,000 times, thinking about the saying that people in the cryptocurrency circle will ask about it in ten years if they ask about it once a day, but now is no longer that era.

If you are an ordinary person without much initial capital,

Investing in Bitcoin and Ethereum ~ making big money can change your destiny. In the past, I would also let you buy BTCETH and make a lot of money in spot trading, but now if you don’t have much capital, even if BTC rises to $100,000, it will not completely change your life.

Don't get me wrong, some of the higher risk ones might be more

If it suits you, profits and losses come from the same source. The amount of return you will get depends on the risk you can bear.

Hoarding coins in a bear market and selling them in a bull market can change your life by a hundredfold increase? I can tell you from my own experience that this is a delusion.

There are so many currencies that they almost exceed the number of leeks. Financing projects are coming one after another, and new coins are being added faster than the growth rate of leeks. Looking at the average increase of new coins on Binance and Ouyi, the listing is false. With high market capitalization and outrageous valuations, institutions continue to invest in projects, get chips with almost no cost, and continue to sell them when they go online to let Leeks take over for them. They have siphoned off thousands of funds from the currency circle, tens of billions every day. In terms of transaction volume, the valuation of one project on the market is 10 billion, and the liquidity of the entire market is less than 1%. The current severe anemia may be the essence of the speculative market.

If you say that many people have become financially independent by investing in Shigou, that is a very small minority. I don't want to touch Shigou. It is better to study futures contracts carefully. Even if you leave this circle, there are still many trading targets to choose from.

In this market, you need to master a skill. There are many things that can be done in this industry. Unless you have experts around you, it is difficult to keep up with the pace of the industry. If you want to improve your cognition, the fastest and most effective way is to ask experienced people or read books.

In this book, you must remember to master the same, don't try to grasp everything, otherwise you may not be able to do anything.

Get rid of prejudice and laziness, invest energy, collect information, and conduct in-depth research, which is far more important than money.

First of all, we must recognize the situation and ourselves. The purpose of coming to this circle is to change our lives. Please build a complete plan for yourself. When to buy? When to sell? What to buy? What is the strategy? How to do risk control?

I communicated with friends in the member group and repeatedly emphasized that most people can only make money from trends. In many industries, you can be the best as long as you persist and work hard, but losing money in the investment market is the norm. People who are smarter and more diligent than you still lose money. Why do you think you will definitely make money? Investment is to make money with money. If the capital is too small, it is easy to breed gambling. Gambling is not terrible. We should gamble with principles. If we gamble, we should gamble with the highest profit and loss ratio.

What is a trend? It means that a bull market lasts for one to two years. Make a plan and follow the trend when the bull and bear markets change.

Based on objective laws and data, go long on the currency standard to accumulate your own original assets.

Pay more attention to new projects. People now like new things and new stories. In the bear market, you can circle the new coins that have just been listed on Binance. Don't buy them right after they are listed. Spend some time and energy to analyze and study them from multiple angles. If the research is good, it is correct to buy them in batches at this time.

The cryptocurrency industry is developing very fast now, and we need to learn more in this environment. Risks and benefits coexist. The market has passed the wild growth stage, and potential profits are declining rapidly. If you want to get rich quickly but don't want to pay too much attention to these, then the only thing left is contracts, which even have more possibilities than altcoins.

I used to be like most people who came here. Many seniors

Leek told me to stay away from contracts and cherish my life, but I always think that the coin circle contract market is a very great product.

It is a game of strategy, a game of human nature, a zero-sum game. Since it is a game, we must first understand the rules of the game. The maturity of human investment logic is to constantly recognize the rules of the game in this market.

The current cryptocurrency market is more speculative. Don’t look at things with prejudice, and don’t think that you are right and others are wrong.

You are a fool. Expand your mind and think about problems from multiple perspectives. Everyone has a path that suits them. Buffett can make money by value investing, and Soros can also make money by speculation. No one is necessarily right. The best result is the one that suits you. Please stop being lazy and spend time and energy to strengthen your own

Trading system, so that you will not lose the opportunity to change your destiny again in the future.

Of course, we must first build a long-term plan and do spot trading.

If you understand it thoroughly, please start your contract trading journey. I think contracts are a very good investment tool. Not only can you make money when the market goes up, but you can also make money when the market goes down. You can also use it to hedge against cash.

If you lose money on a contract, it is your fault. It is your trade.

The problem with the system trading plan is not the fault of the contract itself. The existence of the contract itself is like a tool. What's wrong with the tool?

Why should we blame the person who used it for making a mistake?

Let the contract tool take the blame. You lose money because you have not established a trading system, have no discipline, have a bad mentality, and do not set stop loss.

Let's understand the advantages and risks of contracts. Can we really fight against human nature and avoid liquidation? I think the cryptocurrency market is now a speculative market. No matter how much the big pie rises, there will be a ceiling. Will it still be an opportunity for ordinary people to buy spot at that time? Some people have little funds. Do you think there is any way to accumulate principal faster in the current market?