Sharing my own money-losing experiences—losing money basically boils down to messing with contracts. When I first got into it, BTC was only $6,000. Back then, I was so hyped that I could sleep while holding 100x leverage. Holding spot positions felt like easy money. The first time I bought a meme coin was during the zoo craze. I got scammed by a Southeast Asian fraud group into adding liquidity to their pool, claiming it could automatically buy low and sell high. That was the first time I learned how to use a wallet, but all the money went down the drain. Later, I envied others mining and having steady cash flow, so I fell into the FIL mining trap. Bought machines at $75 each, and in the end, the supplier got arrested, and the whole thing collapsed. When Luna crashed, I didn’t understand the mechanics. When it dropped super low, I opened long contracts. It rebounded hard at first, and I made some money, but then it tanked to nearly zero, and I got liquidated. During the time Luna paused block production and exchanges stopped trading, I had 20k left but hesitated to buy spot due to a mental breakdown. Missed out on the 60x surge after trading resumed. And let’s not even talk about getting phished five times. The last time, my computer got infected with a virus, and my wallet was wiped clean—had to start all over again. All I can say is that the ability to recognize opportunities and gain knowledge comes from stepping on one pitfall after another.