I still remember the bitterness of missing out on 10,000 $BNB . In the early days of Binance's BNB ICO, I was lucky enough to get these 10,000 BNB at the price of 0.5 BTC. However, due to poor market performance, I had to sell them at a price of 0.46 BTC a month later. This may be a trick of fate.
In today's cryptocurrency market, it is no longer the era when you can easily get a hundredfold return. Many times, even if you choose the right currency, you may not be able to wait until the day when its value soars. What's more, without in-depth research and rich experience, you may have exhausted your initial capital without knowing it! Many people are eager to get rich quickly, but often end up with zero funds. Remember that being down-to-earth is the key to success.
Instead of fantasizing about getting rich overnight, it is better to invest 20% of your salary in spot every month and focus on the long-term future. Especially in the early stages of a bull market, reasonable planning of small funds may bring unexpected gains. The fastest way to financial freedom is to accumulate gradually, starting with doubling your capital and then moving forward steadily.
As for contract trading, it is best to keep your distance. Although leverage can increase profits, it can also increase losses. Large fluctuations in funds may make you lose confidence in the violent market fluctuations even when you are most confident.