Let me share a real case: A friend of mine saw that Bitcoin has been rising and couldn't help wanting to get rich overnight, so he found me who has been baptized in the cryptocurrency circle for many years. This friend used the hundreds of thousands of dollars he had saved from working for several years, and he couldn't wait to recharge it into Binance after get off work. I have always advised him not to have the idea of ​​getting rich overnight, but he said that I was harming him if I didn't help him make money. I could only sigh helplessly and pray that nothing would happen to him, but the reality will not favor you. The moment he opens a position, you are already a lamb to be slaughtered, a fresh leek.
I have a few suggestions for friends who are entering the cryptocurrency world:

My current advice for position management: For example, if you take out 30,000 U to do a contract, then my suggestion is to divide it into 3 parts, 10,000 U each. Use one of them to open a position each time, with a fixed amount of 10,000 U, and the big cake should not exceed 10 times, and the copycat should not exceed 5 times. If you lose money, for example, you lose 1,000 U, you buy 1,000 U from outside, and if you make 1,000 U, you withdraw 1,000 U. Make sure that every time you open a position in the recent period, you can guarantee a fixed position of 10,000 U. Until you make 60,000 U in this way with 30,000 U, increase your position to 20,000 U, and do it this way. The benefits are:

First,
The cost imbalance caused by POS. New participants in Bitcoin either have to buy it in the market for 60,000 yuan or take certain risks to mine it at a cost of 52,000 yuan. There is no possibility of getting BTC at zero cost, while ETH pledgers can get ether at zero cost. They don’t have to spend a penny to buy it, which creates unfairness and inequality in the status of buyers.
Why would old money spend money to buy something that others have no cost? They are all smart people who calculate costs, not fools who have been brainwashed by vitalik. This is the Achilles' heel of all POS coins, ETH and Sol are the same
If you must configure ETH, then there is only one possibility, which is to wait for the pledge system to completely collapse, and then replace most of the existing pledgers at a low price. Without such a chip bloodbath, old money will not come in.

Looking back at history, the bloodbath of the 94 incident in 2017 kicked off a violent bull market. The 312 liquidity crisis in 2020 kicked off a bull market, and the bull market continued after Bitcoin was cut in half on 512 in 2021. In 2022, retail investors, project owners, miners, institutions, and exchanges were killed, five consecutive kills. After the bottom was consolidated, the market started to grow in conjunction with the Fed's interest rate cut.
According to the law, Bitcoin rises every four years. So far, it seems that this law has not been violated. What is the curse? That’s right, the halving leads to a smaller and smaller output each year. The cost for miners to mine one Bitcoin has increased significantly. The purpose of pulling up the price is to relieve the pressure on miners and to attract retail investors to enter the market.