Stop losing money and comforting yourself! You don't even understand the most basic trading logic, and entering the crypto space is like walking into a trap. If you want to avoid falling into several pits, these principles must be engraved in your mind:

Understand that spot trading is not a fortress
Using stablecoins or fiat currency to buy coins might make you think "as long as I don't get liquidated, it's safe"—but in reality, you're just bleeding slowly in a different way. Your assets can be halved or wiped out completely. Spot trading is suitable for those planning to stay passive long-term, but when a bull market arrives, it's easy to watch opportunity slip away from your fingertips.

Futures are not an ATM; they are a meat grinder
20x leverage sounds highly profitable, but if the price moves just 5% in the opposite direction, your margin is gone. This is not to scare you— the more tempting leverage is, the greater the risk. Beginners see the double returns and start fantasizing about getting rich overnight, but often they end up being forced out.

Mandatory choice: USDT-margined or coin-margined

Newcomers have no choice—USDT-margined is a must: settle in stablecoins, profits and losses are clear at a glance, and your mindset stays steadier. It’s recommended to never open a position exceeding 10% of your capital and start small to find your rhythm.
Coin-margined is for experts: settle in the trading pair itself. During a bull market, you can enjoy the double dividends of "sharp coin price increases + coin appreciation," but in a bear market, it’s a double blow of "account losses + margin erosion." Only players who can accurately grasp the trend should attempt it.

Final note: The crypto space is a place where cognition wins. Those who truly make money are either well-informed or have a strong sense of rules. Until then, try with spare funds, don’t risk your entire wealth, and preserving capital is the top priority.