2026-01-05 00:22:36

"Copycat projects, each time you do it, you get beaten." I have recently experienced this lesson once again.

Yesterday, I followed the trend and traded PEPE, only to be taught a harsh lesson by the market. The support around 630 looked solid as a fortress, and I thought I could escape during the retracement, but in the end, I still couldn't avoid being liquidated. Ironically, I have been deliberately avoiding various MEME series tokens lately, yet I still ended up losing out.

Carefully reviewing my trading records, I found that most of the margin calls pointed to the same culprit—shanzhai coins. These tokens are extremely volatile, easily manipulated, and have chaotic price movements. For contract traders, touching shanzhai coins is equivalent to self-destruct. Contracts inherently amplify leverage, making the risk already high, and chasing small, unpredictable tokens is like dancing on the edge of a knife.

It wasn't until later that I realized the true way to survive is simple: stick firmly to mainstream coins and stay far away from shanzhai tokens. Major assets like BTC and ETH, although not as wildly appreciated, have more predictable trends, sufficient market depth, and are less susceptible to manipulation by one or two whales. As long as your capital survives, opportunities will always be there. Those small tokens promising quick profits often serve as the fuse for liquidation.

This isn't some profound theory; it's just the most straightforward understanding after being beaten by the market too many times.

PEPE-1,78%

MEME-1,14%

BTC-0,43%

ETH-0,98%

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SocialAnxietyStaker

· 01-07 21:58

You're so right, altcoins are just a trap. I almost couldn't escape during the PEPE wave either, it was truly a blood and tears lesson. I should have listened and only played with BTC and ETH from the start. Using leverage on contracts and unpredictable trends just means waiting to be liquidated. Having your principal alive is the real key; opportunities are always there.

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APY_Chaser

· 01-07 01:21

Alright, another bloody lesson. Altcoins are really just leek harvesters. I also watched the PEPE wave, luckily I didn't follow. Your 630 resistance level is indeed fierce. Trading altcoins on contracts is no different from giving away money. Leverage itself is a devil, and with the bizarre movements of these coins, it's a sure death. I've also learned my lesson now—focusing only on BTC and ETH. Although the ROI isn't as exciting, staying alive is the top priority, isn't it?

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MetaverseHermit

· 01-05 00:51

A bloody lesson, altcoins are really a trap Once again confirmed that greed leads to getting hurt Play it safe with BTC and ETH; only by staying alive is there a chance

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SelfRugger

· 01-05 00:49

This guy is right, I am the living example of the opposite. Haha, it's PEPE again. I was also there yesterday, that 630 wave was really incredible. It looked like a solid block but was instantly smashed through. Trading altcoins is just giving away money. I finally understand now. Altcoin manipulation is too ruthless, it's impossible to predict. It's better to play it safe with BTC. Got cut again, when will I ever learn? After crashing so many times, I realize that steadily earning BTC is much better than dreaming of getting rich. I just don't believe in superstition, I insist on turning things around with small coins. It sounds good, but in real operation, I can't help myself. Greed destroys everything. I've seen through PEPE's tricks this time. I definitely won't chase it next time. The most important thing is to keep the principal alive; everything else is just虚的.

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HypotheticalLiquidator

· 01-05 00:45

630 that position is really a trap. Once leverage is opened, you'll immediately understand what systemic risk means. The history of chain reactions of liquidations is filled with the names of altcoins. Mainstream coins are still mainstream coins. Although their volatility is milder, their liquidation prices are far apart. Only with the principal intact can there be a tomorrow.

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LowCapGemHunter

· 01-05 00:40

Haha, this time was truly a bloody lesson. The PEPE wave was indeed a bit tragic. Altcoins are like this—at first, you think you can make money, but eventually you're basically working for the whales. You should have realized it long ago: trading altcoins with contracts is a surefire way to get killed, and leverage just amplifies the risk. It's better to stick honestly to mainstream coins, even if it's boring, because they last longer.

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SchrodingersPaper

· 01-05 00:29

Got rekt again. I really shouldn't have listened to the PEPE hype in the group. Next time, I'll only stick to BTC and ETH. Altcoins are just a trap.

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HodlAndChill

· 01-05 00:28

Once again, I got caught by a shitcoin, heartbroken for three seconds --- PEPE is really incredible this time, even with a technical breakdown, are you still chasing? --- Adding shitcoins to contracts, this combination is a suicidal move --- To put it simply, greed is the culprit. Isn't it more profitable to hold BTC steadily? --- Every time I say this is the last time, I still fall for it next time. Are we all owing a lesson to the market? --- Mainstream coins are the way to go, those small coins are like sickles, cutting and then running --- After being exploited so many times, it's no wonder PEPE's loss is blamed on no one but ourselves --- It's actually that simple: protect your principal well, and don't even touch shitcoins --- Watching others get rich quickly makes you itchy, but in the end, you lose everything, cycling like this every time --- The biggest enemy of contract traders is greed, always wanting to gamble big

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