Someone asked whether to play spot or contract in the cryptocurrency market, let me briefly explain.

I personally think both can be played. There are two trading methods in the secondary market: 'spot' and 'contract'. Most individual players in the cryptocurrency market are retail investors, with initial capital below 100,000 USD, a minority around 1 million USD, and a very small number above 5 million USD.

So what are the differences in how they make money? Can both spot and contract be profitable?

The answer is definitely yes, both can.

For players with more than 1 million USD, they focus more on stability and are not concerned with short-term gains. They prefer to engage in spot trading, leaning towards conservative trading, making cyclical investments during bull and bear markets, with durations ranging from as short as one year to as long as three years or even longer, achieving a return of 5-10 times, which is sufficient.

What about the vast majority of retail investors? Based on entry timing and capital amount, contracts are a more favored choice for retail investors as they pursue higher expectations for short-term gains; of course, the risk is also higher, which requires a more complete trading strategy.

I do not agree with the approach of betting small to win big; to win big definitely involves increasing risk. With relatively small capital, wanting to win big will inevitably lead to a certain gambling mentality, and losing a bet could mean losing everything. I care more about the 1+1 approach, gradually accumulating wealth.