Stepping into the crypto world, the most important thing to shed is those self-deceiving illusions.
Honestly, how many people are actually accumulating and waiting for a double on coins like $ZEC? I used to think the same way. But reality isn’t so gentle—most people simply can’t hold on. If your principal is small, you have to endure the wait over time. Missing out on a bull market could mean several years of a blank period. Even worse, if the project team suddenly runs away without a word, your coins are wiped out. Can your mindset withstand the wait? Can your account really hold up?
Later, I changed my approach and started exploring derivatives. Not because I enjoy the thrill, but for efficiency. Trading on BTC, ETH allows quick feedback on whether your judgment is right. If wrong, stop-loss immediately; the cost is clear at a glance. The value of perpetual contracts lies here—low threshold, quick response, giving retail traders their first chance to enter and exit the market with the same rhythm as big funds. Without these derivative tools, the crypto industry wouldn’t have grown to its current scale.
But here’s the most important premise: only trade mainstream coins.
Shitcoin derivatives have only one outcome—either wipeout or massive loss. Going long on trash coins is like jumping into fire yourself; when the project withdraws, the chart drops sharply, and no technical analysis or risk control strategy can save you. It’s not the derivatives’ problem; it’s that you chose the wrong battlefield. No one forces you to chase 100x aircoins.
I’ve also blown up positions before, really. That experience made me realize—problems are never with the tools themselves, but with people. The greed that shouldn’t be there, pretending to be an expert despite knowing nothing, refusing to admit mistakes after losses.
How many people can truly make money? Honestly, not many. But how many survive? Whether trading spot or derivatives, they’re doing one thing: only betting where there’s consensus, locking risks in a cage. In other words—this tool, derivatives, can amplify gains for ordinary people, but also amplify losses. Using it on mainstream coins can improve efficiency; using it on trash coins is suicide. The tool itself won’t harm you; what’s deadly is that heart that dreams of overnight riches but refuses to learn or follow rules.
Finally, I ask you one question: are you entering this market to trade, or to gamble? If you can’t figure this out, it’s the same wherever you go.
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DecentralizedElder
· 21h ago
That's so true, that's the point. Contracts are not a flood monster; the problem is how people use them. I've seen too many people forcefully attack altcoin futures charts with mainstream coins, then cry and say contracts are harmful. Bro, that's suicide.
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CryptoMotivator
· 01-07 18:43
Only after experiencing a liquidation once do you realize that those who truly make money are always playing risk control, not playing with heartbeats.
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MetaverseVagabond
· 01-06 12:00
Really, playing around with Bitcoin and Ethereum is fine, but forget about shanzhai contracts.
I also learned through liquidation education that greed is truly the number one killer.
That hits hard—most people are just here to gamble, they just don't want to admit it.
The dream of getting rich overnight hasn't woken up yet, but the account is already sleepwalking.
Contracts are like knives; used correctly, they are tools, but used wrongly, they are suicide—nothing else.
Waiting for spot holdings to double? Bro, I gave up on that idea long ago; I can't endure it.
The hardest part of stop-loss isn't execution, but the psychological barrier of admitting you were wrong.
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AirdropSweaterFan
· 01-05 12:21
That's so true. I used to be that kind of fool holding onto worthless coins and just comforting myself by saying I was accumulating long-term. It wasn't until the moment my account was wiped out that I realized it wasn't about the tool; it was just my greed.
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PuzzledScholar
· 01-05 09:42
The reasoning may be rough, but it's solid. Those who truly survive know how to choose their battleground.
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StableBoi
· 01-05 09:42
Really, ten years ago I was still stacking ZEC waiting for it to double, and now? It's high time to face reality and stop self-deceiving.
Most people can't distinguish between gambling and trading; I only understood after blowing up my position.
Mainstream coin contracts are indeed much more reliable than altcoins, but greed is something that can't be completely cured.
What sounds nice as risk control is, in plain terms, whether you can accept losses—that's the real dividing line.
There are only so many who survive; the rest have been eliminated. The market is this cruel.
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SerLiquidated
· 01-05 09:39
Really, I used to believe in the idea of holding coins and waiting for them to double, but now I think it's ridiculous. Missing a bull market window means having to wait another few years, it's exhausting.
Only after a margin call do you realize that greed is more deadly than any tool. You can still survive trading contracts on mainstream coins, but with altcoins, you just dive in and wait to be wiped out.
Is entering the crypto world for trading or gambling? That's a question that hits the nail on the head. Many people haven't even thought about it.
Only bet where there is consensus. It sounds simple, but how many can truly do it?
Tools themselves are not to blame; the fault lies in the desire to get rich overnight and the stubbornness of the mind that refuses to admit mistakes.
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PrivacyMaximalist
· 01-05 09:38
That's right, but too many people refuse to admit their mistakes. They get liquidated and still want to recover, only to fall deeper and deeper.
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ChainWatcher
· 01-05 09:35
That was a harsh lesson; the liquidation event was indeed the best course.
Stepping into the crypto world, the most important thing to shed is those self-deceiving illusions.
Honestly, how many people are actually accumulating and waiting for a double on coins like $ZEC? I used to think the same way. But reality isn’t so gentle—most people simply can’t hold on. If your principal is small, you have to endure the wait over time. Missing out on a bull market could mean several years of a blank period. Even worse, if the project team suddenly runs away without a word, your coins are wiped out. Can your mindset withstand the wait? Can your account really hold up?
Later, I changed my approach and started exploring derivatives. Not because I enjoy the thrill, but for efficiency. Trading on BTC, ETH allows quick feedback on whether your judgment is right. If wrong, stop-loss immediately; the cost is clear at a glance. The value of perpetual contracts lies here—low threshold, quick response, giving retail traders their first chance to enter and exit the market with the same rhythm as big funds. Without these derivative tools, the crypto industry wouldn’t have grown to its current scale.
But here’s the most important premise: only trade mainstream coins.
Shitcoin derivatives have only one outcome—either wipeout or massive loss. Going long on trash coins is like jumping into fire yourself; when the project withdraws, the chart drops sharply, and no technical analysis or risk control strategy can save you. It’s not the derivatives’ problem; it’s that you chose the wrong battlefield. No one forces you to chase 100x aircoins.
I’ve also blown up positions before, really. That experience made me realize—problems are never with the tools themselves, but with people. The greed that shouldn’t be there, pretending to be an expert despite knowing nothing, refusing to admit mistakes after losses.
How many people can truly make money? Honestly, not many. But how many survive? Whether trading spot or derivatives, they’re doing one thing: only betting where there’s consensus, locking risks in a cage. In other words—this tool, derivatives, can amplify gains for ordinary people, but also amplify losses. Using it on mainstream coins can improve efficiency; using it on trash coins is suicide. The tool itself won’t harm you; what’s deadly is that heart that dreams of overnight riches but refuses to learn or follow rules.
Finally, I ask you one question: are you entering this market to trade, or to gamble? If you can’t figure this out, it’s the same wherever you go.