In a recent live stream shared by a leading industry exchange, well-known insiders discussed a series of views on the crypto market, covering Bitcoin prospects, altcoin cycles, risk management, and more, providing valuable insights for investors.

**Beginners Must Start Small**

The most common mistake new entrants make is jumping into large trades or directly entering futures and options. The speaker's advice is straightforward: start with small amounts, learn first, then gradually scale up. Don't think about quickly doubling your money with leverage—that's when the risk of losing money is truly high. Gradually engaging with the market is more important than anything else.

**Memecoin Needs a Reason, Not Just Following Trends**

Here's an important reminder: it's dangerous to buy a memecoin just because a celebrity casually mentions it on social media. Truly viable memecoins must have historical accumulation or cultural significance as support, not just spike because of a single post. Projects with low success rates, high risks, and unclear origins are common issues. Never treat social media as an investment guide.

**Altcoin Seasons Will Come, But Timing Is Uncertain**

Regarding when altcoins will explode, the speaker was honest: they will come, but the exact timing, how long they will last, and which coins will benefit—these are all unknowns. Altcoin cycles are too complex to predict for quick gains. Instead of guessing, it's better to understand the existence of cycles and prepare psychologically.

**Bitcoin at $200,000—Time Is the Variable**

Long-term optimism for Bitcoin is undisputed, with a target price clearly set at $200,000. But when will it reach that? No one can say for sure. This highlights one point: it's easy to be optimistic about the direction, but difficult to pinpoint the right timing.

**The Power of Ecosystem Construction—Taking BNB as an Example**

The ecosystem of a major exchange is described as large and stable, attracting many active builders. This indicates that the health of an ecosystem depends not only on the token price but also on developer activity and real-world applications.

**Prediction Markets Are Still Very Young**

Prediction markets are still in the early stages, with obvious liquidity shortages. This is a field with potential for future explosive growth, but it is far from mature now.

**The Fundamental Difference Between Trading Platforms and Social Platforms**

Some skeptics question whether social platforms can easily integrate crypto trading. The reason is simple: most legitimate trading platforms have completed identity verification, which is a prerequisite. Social platforms, to push crypto trading, face the hurdle of KYC (Know Your Customer), making it much more difficult.

**Memecoin Has a Future, But Don’t Expect Overnight Riches**

While the speaker no longer relies on memecoins to "get rich overnight," they remain optimistic about the continued growth of memecoin culture. This shows that memecoins do have vitality and community value; however, the investment mindset needs adjustment—they are not shortcuts to wealth but part of the market.

In summary, the core advice is: build a solid foundation, manage risks rationally, respect market cycles, and believe in long-term value.