Cryptocurrency derivatives are gambling

Everyone knows that casinos have signs saying 'Gambling is harmful to health,' but cryptocurrency derivatives exchanges loudly proclaim 'Hundred times leverage, financial freedom.'

Some say derivatives are financial instruments, others say they hedge risks, but the ultimate winners are often not the traders, but the exchanges. In a casino, the chips are controlled by the house; in derivatives, the rules are set by the exchange. You think you are beating the market, but in reality, you don’t even know who your counterparty is—Is it the market? Is it the market maker? Or is it the exchange's black box?

Back in the day, Buffett said: 'Derivatives are financial weapons of mass destruction.' But those in the crypto space refuse to believe it, mocking stock market traders for earning too slowly while playing in the derivatives market with 100 times leverage as if it were a game. Ultimately, when accounts hit zero and hair falls out, they finally realize: this is not trading at all. It's clearly 'Top-up - Game - Withdraw' (if you still have a balance).

Casinos have rules, the house has a script, traders have fantasies, and the final outcome has long been written. Cryptocurrency derivatives are not gambling; they are an upgraded version of gambling, making you unable to even see the dealer's face, resulting in a complete loss.