2025-12-09 21:51:30

I've seen too many people rush in chasing dreams of getting rich, only to leave with their tails between their legs. As someone who has stumbled and gotten back up in this market, I want to share a few heartfelt words with friends planning to enter—if you understand these points early, your wallet will suffer a lot less.

**Don't put all your eggs in one basket**

What's the dumbest move? Hearing that some coin is "about to moon" and throwing all your money in, or even worse, maxing out your credit cards and borrowing to pile in. Wake up—this isn't an ATM; it's a market that can bite.

Living expenses, loan money, emergency funds—don't even touch these. Anyone with basic risk control knows you need to keep some reserves to survive the next cycle.

**Leverage and contracts? Beginners, stay away**

Contracts are meat grinders, designed to chew up those who don’t know what they’re doing. You might think 10x leverage is exciting, but liquidation can happen in an instant. Before you even figure out what's going on, your principal is gone—stories like this happen every day.

Start with spot trading, step by step. Learn to read charts and feel the market pulse. Wait until you're truly confident before moving on—don't rush to hand over your money.

**What others say matters less than what you research yourself**

Remember these three letters: DYOR—Do Your Own Research. Recommendations from influencers, signals in group chats, profit screenshots in friends’ circles... none of these compare to reading the whitepaper, checking on-chain data, and digging through community discussions yourself.

A project with fancy packaging isn't necessarily the real deal—it could just be smoke and mirrors. Especially those promising high returns right off the bat—those you can basically blacklist immediately.

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CodeAuditQueen

· 10h ago

The core logic of contract liquidation is essentially a reentrancy attack—users themselves are the insecure smart contracts, and leverage is the attack vector. --- Read the whitepaper line by line; on-chain data doesn't lie, and community discussions can reveal hidden overflow check vulnerabilities. --- Poor risk control is just as deadly as unreviewed code; both are a matter of time. --- Spot trading is the baseline; contracts are advanced exploits. Beginners jumping straight in are essentially writing untested code. --- Those high-yield promises are basically manual versions of reentrancy vulnerabilities. Crashing your wallet only takes one transaction. --- I've seen too many project audit reports that are fake—more than the number of retail traders who got liquidated. DYOR isn't just a slogan; it's a necessity for survival. --- It's outrageous that some people can't even calculate gas costs but still dare to leverage. This mindset is more dangerous than technical risks. --- Other people's orders are other people's exploit paths; copying them into your wallet turns it into a honeypot.

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YieldFarmRefugee

· 12-11 19:09

I've heard it so many times, another article of caution. But honestly, these three points really hit the mark. Another rant of "don't leverage," but some people just don't listen. DYOR has been overdone; the problem is that most people don't even know how to research. People who risk their entire wealth on one coin usually haven't experienced the pain of liquidation. It seems simple, but few actually follow through. I was also taught by the market before I understood. I warn like this every day, but every week someone still invests their life savings. Every new user should read these few sentences at least once, but many forget after reading. Contracts are indeed a meat grinder; I've seen too many people go all-in and get wiped out instantly. It's right, but when the market actually moves, who remembers these words?

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BlockchainArchaeologist

· 12-10 19:12

It's the same story again, everything sounds right but no one listens.

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GateUser-e87b21ee

· 12-09 22:21

The words are heartfelt, but how many people actually listen? Anyway, I only understood after paying the price myself.

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ConfusedWhale

· 12-09 22:14

Really, leverage is just a playground for gamblers. I’ve seen too many people have their dreams of overnight riches shattered. Sounds right, but most people simply can’t do their own research—they’re too lazy. I know a few people who went all-in on a certain coin; now they’ve all changed careers.

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WalletDetective

· 12-09 22:13

Honestly, I've seen too many people lose everything with contracts. Swiping cards and adding leverage is just asking for trouble.

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GasFeeWhisperer

· 12-09 22:09

That contract setup is really a money shredder. I've seen too many people lose their entire principal in one night and still thinking about making a comeback by reversing their position.

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CrossChainMessenger

· 12-09 22:08

Really, I’ve seen too many retail investors lose everything 😅 but honestly, it all comes down to greed. --- Leverage is just asking for trouble if you’re a newbie—one move in the futures market and your account is wiped out. --- Borrowing money to trade crypto? Bro, you’re not making money, you’re just looking for a noose. --- DYOR isn’t just a catchphrase—trusting big influencers’ calls is about as reliable as listening to ghost stories. --- Going all-in on a single coin? All I can say is goodbye, everyone. --- An old buddy I know went all-in on leveraged contracts and got liquidated. Now, just mentioning crypto makes him look dead inside. --- Never even read the whitepaper and still went all-in? You deserve to lose money. --- Putting your living expenses or emergency funds into crypto? That’s gambling, not investing. --- Spot trading is better, play it safe and steady—stop dreaming of getting rich overnight. --- No matter how flashy a project’s packaging is, it’s basically just a trap waiting for you to fall in.

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BlockchainDecoder

· 12-09 21:51

According to research, the effectiveness of risk management is positively correlated with the rationality of initial capital allocation—the core viewpoint of this article has actually long been discussed in applied behavioral finance. It is worth noting that the mistakes commonly made by beginners happen to violate the basic principles of the Kelly criterion. From a technical perspective, liquidation in contracts is essentially due to leverage amplifying price fluctuations, and data shows that 90% of retail investors incur losses when using high leverage. That being said, these summarized experiences really hit the nail on the head, but what's interesting is—why do people keep making the same simple mistakes every cycle?

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