Crypto circles are deep waters, but as long as you find the right approach, you can really dig out quite a bit of real money from within.

As someone who has been in this industry for many years, I’ve seen too many stories of overnight riches, and also witnessed too many people losing everything in an instant. Today, I’ll open up and share how to make steady money in this industry, the main paths I’ve taken, along with my personal honest thoughts.

The easiest trap for beginners is wanting to do big things right after entering, only to become the next victim of being harvested. One sentence: this circle always prioritizes risk, then returns.

**Spot Trading: Dance with the wolves, you need to be smarter than them**

Spot trading is a direction I prefer to recommend to newcomers, but it’s definitely not just about buying low and selling high. My core principle is one—only trade mainstream coins, avoid altcoins at all costs. Why? Behind those small coins in the circle, there are hidden tricks; essentially, they are knives used to harvest leek farmers. Once they fall, they often have no bottom line, and going to zero is common.

For swing trading, I summarize it in eight words: eat the fish meat, not the whole fish. Don’t expect to buy at the lowest point and sell at the highest—that’s all nonsense. The actual operation is setting clear stop-loss and take-profit levels. My personal rule is: if the price drops 8% below cost, cut losses immediately; if floating profit reaches 30%, reduce half of the position. The benefit of this approach is effectively controlling risk while still leaving room for profit.

As for leverage in futures contracts, my opinion is straightforward—ordinary people should avoid it. High leverage becomes no different from gambling once it reaches a certain level, and once involved, you’ll be tortured by psychological games. Don’t look at those who post daily screenshots of their gains; turn around and see how many have been liquidated, and you’ll understand.

**Mining: Being a landlord is easier than being a miner**

Physical mining is really costly. Mining machines cost money, electricity bills are bottomless pits, maintenance fees, and all kinds of compliance traps—adding up, it’s never-ending. Some friends spent a lot on mining rigs, only to have them hosted at a mine in Yunnan-Guizhou-Sichuan, never seeing the machines themselves. Later, when notified that “there’s a fault and it needs repair,” endless disputes ensued. Such examples are countless.

Cloud computing power sounds easy, but the risks are not small. Mining difficulty is changing, coin prices are fluctuating, and the profitable cycle is limited. Choosing the wrong platform can lead directly to losing everything. These days, there are quite a few cases of scams and runaways.

Compared to that, it’s better to consider more stable directions, such as holding mainstream coins for staking or lending, which offers relatively controllable returns and less extreme risks.