Dear friends in the crypto world, if you just entered this market, you must have been bombarded with stories of "hundredfold myths" and "getting rich overnight," right? Watching the K-line turn red, your fingers start to itch, and you want to go all-in immediately. Having been in the crypto space for so many years and experienced various losses, I can responsibly say: for beginners to survive in the crypto world, risk control is a hundred times more important than making money.

Today, I will lay out all the experiences and lessons I’ve learned over the years.

**First Bottom Line: Only invest leftover money from your daily life**

This is the ultimate risk control. What is idle money? It’s the money kept in your account that you won’t need for a year or so, and your life still runs normally. Never use borrowed money, never trade with loans, and definitely don’t throw emergency reserves into the market. A 20% to 30% fluctuation in the crypto market is normal. If you buy full position today, it could shrink by half tomorrow. If you’re using your life-saving funds, your mindset will collapse instantly. When the price hits the lowest point, you’re likely to cut your losses, but you’ll end up losing even more.

Remember this: only by staying alive can you make money. Making money always comes second.

**Second Iron Law: Stay far away from leverage and contracts**

Seeing others make a profit with leverage and following suit is the most common way for beginners to die. Leverage and contracts are traps designed specifically for beginners. With 10x leverage, a 10% move in the opposite direction can wipe you out; with 20x leverage, a 5% move against you can completely eliminate your principal. Market makers will also deliberately trigger “stop-loss” events by suddenly pushing prices to extreme levels—then immediately pulling back. After you get liquidated, the price continues to move in the direction you expected.

The liquidation rate for beginners using leverage is 99%. This is not an exaggeration; it’s the reality of the market. Once you’re on leverage, you’re not trading anymore—you’re gambling, and it’s a game set up by the market makers for you.

Stick to spot trading—buy and hold. That’s the right path for beginners.