LD Capital founder: Traders are advised to stay away from contracts and explore more deterministic businesses
Jinse Finance reported that JackYi, founder of LD Capital, posted on social media saying, "After ten years in the crypto industry, the ones who have truly gained are those who held coins early or were miners, as well as project teams, exchanges, and arbitrage institutions. The worst off are the traders and surfers. I personally never trade, but I have seen traders around me suffer huge losses, especially with contract trading. Ordinary people simply don't have this ability—even if you win a few times, losing once wipes it all out, and it seriously affects your mindset and work, unless you are truly a one-in-a-million genius trader. Recently, the overall market sentiment has been particularly low. In the future, everyone should explore more certain businesses and avoid engaging in things that might give you a meal today but leave you hungry for a week."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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