What kind of game is cryptocurrency trading?

It is a slaughterhouse for capital against those deluding themselves into thinking they can get rich overnight. To be honest, with more institutions entering the market, cryptocurrency trading is no longer suitable for ordinary people to invest in.

Whether it's contracts or spot trading, unless you can really stick to investing only in Bitcoin and Ethereum, and maybe add one Solana at most, touching other altcoins will lead 99% of people to a game with no return.

First, let's talk about spot trading. According to past trends of bull and bear market transitions, ordinary novice investors can't help but trade. This is a common issue among most novices and other channel investors who are new to cryptocurrencies. The novelty of T+0 trading makes them unknowingly start high-frequency trading.

In the end, the transaction fees have already taken a significant portion, and there’s a risk of getting trapped deeper, as many old coins still have people stuck at the peak from 2021. Secondly, contracts are even more of a nightmare for ordinary people, a joint strangulation by professional investment institutions and exchanges against retail investors, followed by cries of agony and casualties.

Many have lost years or even more of their savings. Recently, there were flash crashes of Bitcoin on the 8th of May and in mid-December, with altcoins also suffering, some even falling back to the historic low of 8.05. As of now, on December 21, it still hasn't recovered.

BTC may one day rise to a price that no one dares to imagine, but that has nothing to do with the 90% of 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 getting rich.