I know that many newcomers may have recently come to this circle. Today, let's talk about a station you will definitely encounter when entering this field—contracts.
To put it bluntly, this is a path that newcomers should never tread. If you decide to immerse yourself in it, to put it simply, you are already doomed. Because the entry barrier is very low; as long as you can click the green and red buttons, anyone can easily participate. It is precisely for this reason that contracts have become the most brutal slaughterhouse in this circle.
Some people may have seen my previous profit chart and wonder why I advise others not to play while I do it myself. The reason is simple: most people neither understand the market nor the blockchain. Wanting to profit in the market without any experience is as ridiculous as wanting to score high on an exam without studying.
If you genuinely hope to cultivate this field for the long term and gain rewards, please slow down your pace. Start by only purchasing spot assets. When you buy, try to understand what this project is about, and feel the market sentiment during your holding period. You will grow through this process, and only then can you embark on the path to profitability. Impatience can be fatal for experts, let alone inexperienced newcomers. Of course, if you don't believe me, you can first take a quarter of your principal and try playing with contracts. After a few months, look back, and I think you'll understand what I'm saying.
