Once you enter the crypto world, don't pretend.

Are you here to hoard coins and wait for riches?
I believed it at first.

But the reality is: the vast majority can't hold on.
Small principal, rely on waiting to double;
Missed a bull market, it’s three or five years;
Projects go to zero halfway, teams run away mid-way,
If you can wait, your money can't.

Later I tried contracts.
Not because of excitement,
But because they are fast.

Opening orders on BTC / ETH,
You can verify and judge in minutes:
If right, results come quickly;
If wrong, just hit stop-loss, the cost is controllable.

The low threshold + instant feedback of perpetual contracts,
Allow retail investors for the first time to
have the same level of entry efficiency as big funds.
Without these derivative tools,
The crypto market wouldn't have today’s scale of funds and activity.

But there's a deadly premise:
Only trade mainstream coins.

Don’t touch clone contracts.
The end for all altcoins,
Ninety percent end up zero.

If you go long on a trash coin via contract,
It’s like walking into a crematorium,
And you casually press the accelerate button.
When the project team withdraws, the price collapses instantly,
All technical analysis and risk control models,
become invalid.

This isn’t the fault of contracts,
It’s because you chose the wrong battlefield.

Blame who if you get liquidated?
Blame the contract?
The tools are right there,
No one forces you to leverage 100x on air coins.

I’ve also been liquidated before.
That moment I realized:
The problem isn’t the tool, it’s myself.
It’s ignorance, greed, and unwillingness to admit mistakes.

Are there many people making money in crypto?
Not many.
But those who do,
whether in spot or contracts,
all stick to the same bottom line:
Only bet where there is consensus, and always control risk.

In the end—
For ordinary people, contracts
are both an opportunity and a mirror.

On mainstream coins,
it’s a tool for small bets to win big;
On trash coins,
it’s the fastest way to exit.

Without perpetual contracts, the crypto market wouldn’t be so prosperous;
People who don’t understand contracts rushing in are just throwing money away.

Tools themselves don’t harm,
What harms is—
that heart which dreams of overnight riches,
but refuses to learn,
and refuses to follow the rules.

Finally, I ask you:
Are you here to trade,
or here to gamble?

If you can’t figure out this question,
the outcome will be the same no matter which market you’re in.