It seems that the reasoning is correct

The following two images are not mine, but they are similar to my previous experiences. The weakness of human nature is to go down the same path until the end, unable to stop when facing losses. Because human nature tells itself that it can definitely win back. And then it gets deeper and deeper. Even if the money lost is used to buy a coin that everyone criticizes, even if it drops 98%, it is still less than the losses from contracts. So why can't retail investors hold onto trash coins? Isn't holding trash coins better than contracts? Both result in losses, trash coins cannot be liquidated, but they can be delisted. If they get delisted, they get delisted; when they do, they might increase dozens of times. Did you really lose money? The biggest zero-value coin in the crypto world is the contract, so I want to tell everyone one thing: don't criticize this trash coin or that scam coin every day. These trash and scam coins are much better than contracts. If you want to make money in the crypto world, you must know that you cannot go to zero; if you go to zero, there will definitely be no chance. In these years, I lost all the money I earned in 2021 in contract liquidations, and only after leaving did I realize how good trash coins are and how good spot trading is! Cherish every step... Spot trading is the true king; spot trading has painful losses but it won’t be as torturous as contracts, and it won’t go to zero...