Crypto is not a casino, but most people playing leverage contracts are unknowingly betting against themselves.

Recently, I reviewed old trading records and found a screenshot of a position from three years ago, which made me smile wryly. Back then, I was glued to the K-line every day, frequently entering and exiting trades, feeling exhausted, yet my account assets kept shrinking as if through a hole. Later, I changed my approach, and surprisingly, I achieved steady growth.

Over the years, I’ve seen too many traders doing contracts; they might make a quick profit in the short term, but I’ve rarely seen anyone achieve long-term stable profitability. It’s not a coincidence; it’s inevitable.

**Why are contracts a trap?**

Last year, a fan of mine reached out. During the small bull market, he used $5,000 of capital to trade contracts and made it to $30,000, excitedly sending me screenshots. I advised him to take profits quickly and withdraw his principal. But he didn’t listen. Two months later, Bitcoin had a 20% correction, and he was liquidated with nothing left.

Contracts, in essence, are a high-leverage probability game. You think you’re trading, but in reality, you’re gambling. Those stories of getting rich quickly through contracts? They’re either pulling the lemmings into a scam in group chats or collecting IQ taxes. I’ve rarely seen anyone make stable money through genuine operation.

The market is full of sudden events; sometimes, a flash crash happens in an instant. The flash crash on October 11 last year? Many heavily leveraged positions were liquidated immediately. In the contract game, just one mistake can wipe out all previous gains.

**Why is spot trading the right path?**

Some might argue, “Spot is too slow; I can’t wait.”

Actually, recent data shows that Bitcoin’s trend already says it all. Choosing spot trading is choosing the power of compound interest over time. You don’t need to constantly stare at the charts anxiously, nor worry about the nightmare of leverage liquidation.