#比特币波动性 Yesterday, Lao Zhang lost again, using 800U of principal to trade contracts, and it dropped to zero in five days. He deleted the app while cursing himself: "What was I doing earlier? Isn't it better to just buy Spot honestly?"

This scene feels so familiar. When I first entered the circle, I was also caught up in the story of "contracts doubling in a day," betting 600U with 10x leverage on $BTC. As a result, the market corrected by 8%, and my phone popped up a liquidation warning. In a moment of impulse, I decided to increase my position to try to recover, but in the end, I lost an additional 200U.
I only understood after losing money: it's not a matter of "who makes money faster" with contracts and Spot, it's a matter of whether you can afford to play or not.
**Principal Determines Gameplay**
For beginners with less than 1500U, don't touch contracts. Old Zhang is an example—he opened a 10x leverage with 800U, and when $BTC dropped 10%, he immediately got liquidated. In a panic, he added to his position, and his capital evaporated in an instant. But Spot is different; even if the coin price is halved, the coins are still in your wallet, and as long as you hold on, there will always be opportunities for a rebound. For players with small capital, Spot can at least help you survive until the next bull market.
**Mindset is more important than technology**
The volatility of contracts can drive people crazy. A 5% drop in $ETH Spot might not affect you, but a 10x contract means your account evaporates by 50%. I previously held $ETH Spot and watched it drop 15% without reacting, but it recovered two weeks later. Contracts? I was already liquidated and kicked out.
**Figure out what you want**
Want to earn 300U in a week? Then you have to accept the risk of losing it all in a week. Old Zhang is just chasing quick money by trading contracts. But in Spot trading, you earn money over time—last year I bought $SOL in Spot, and after four months it rose by 40%. Although it's slow, I sleep well without worrying about liquidation in the middle of the night.
For beginners to survive in the crypto market, the first step is to understand yourself: if you have little capital, a fragile mindset, and poor patience, then don't touch contracts. Spot trading may be boring, but at least it won't make you go from entry to exit in five days.