What kind of game is trading in the cryptocurrency world?
It is a slaughterhouse for capital preying on those who fantasize about becoming rich overnight. Honestly, with more institutions entering the market, the cryptocurrency world is no longer suitable for ordinary people to invest in.
Whether it's futures or spot trading, unless you can really stick to investing only in Bitcoin and Ethereum, and maybe add a bit of Solana, touching other altcoins usually leads 99% of people to an ultimately fruitless game.
First, let's talk about spot trading. According to past patterns of bull and bear market transitions, typical novice investors often can't resist trading. This is a common issue among most novices and other channel investors new to the cryptocurrency world. The novelty of T+0 trading leads them to unconsciously start high-frequency trading.
In the end, fees can take up a significant portion, and they may get trapped deeper and deeper, with many people still stuck in old coins since the peak in 2021. Furthermore, futures trading is a nightmare for ordinary people—a joint stranglehold by professional investment institutions and exchanges on retail investors. After various manipulation tactics, there are cries of despair and widespread losses.
Many have blown their savings accumulated over several years or even more. Recently, there was a flash crash in Bitcoin on 805 and mid-December, with altcoins also facing widespread falls, with some even dropping back to the historic low of 805. As of now, on December 21, it still hasn't recovered.
BTC may indeed rise to a price that no one dares to imagine one day, but that has nothing to do with 90% of the retail investors in the exchanges. Many have already lost the capital to sit at the table and can only return to reality with a battered dream of wealth.
