Trading, especially contract trading, in the end, the only winners are the whales and CEXs. Exchanges make steady profits from fees, and whales profit from your principal. Nowadays, most altcoins have almost no liquidity. A 50% fluctuation is super easy, and whales can trigger massive swings with very little capital, using contracts to harvest profits. Making money with contracts is just too hard. If you set a stop-loss, they’ll repeatedly hit your stop-loss and drain your principal. If you don’t set a stop-loss, they’ll push a one-sided trend and liquidate you. Tell me, how do you win? You might win for a while, but one mistake is all it takes to go back to square one. When playing with altcoins, shorting is relatively more cost-effective than going long. Pumping requires real money from the whales, but dumping only requires continuous selling. They have plenty of tokens. The ultimate goal of every altcoin whale is to dump all their tokens at a high price—or even at a low price if necessary. Even if they have to crash the market, they’ll do it. As long as they can sell off all their free tokens, that’s a win. After all, turning worthless tokens into real money is the endgame…