#数字资产生态回暖 💭 The road to earning your first million dollars in life, is there really such a big difference between contracts and spot trading?



The day before yesterday, I had a whole night of conversation with a trader holding a million U, and we directly disagreed on this issue.

His logic is very clear: control greed, follow the trend, take profits when appropriate. Contracts are not actually that risky. My rebuttal is straightforward: contracts are just a high leverage trap. Even with just 2x leverage, a black swan event can wipe out your entire capital. This guy said I was psychologically scarred by some extreme panic sell, but such "unplug the internet cable" level sudden events are indeed rare.

But my stance is: spot trading is still more reliable. Heavy positions in ecosystem tokens like BNB—earning interest, receiving airdrops, and leveraging compound interest to snowball—have a 10-15x potential during a bull market. This is like having both cash flow and growth potential, a dual-engine drive.

He laughed: With this amount of capital, not trading contracts, you want to make a million dollars in your lifetime? You’d have to wait ten years to even start.

I immediately countered: Rely on mainstream assets like BNB for stability, and attack with potential projects. Breaking above $100 on ASTER is only a matter of time, and UNI surpassing $150 with the dividend mechanism’s compound effect—aren’t they all "early bets with a hundredfold return" seed players? Or take small positions to gamble on MEME coins and ultra-low-priced altcoins—LUNC and various emerging projects. These typically have low expectations, but what if a miracle hits 1000x or even 10,000x? Out of ten attempts, one successful one can change your fate; hitting two or three hundredfolds can directly change your life trajectory. Compared to contracts, isn’t this strategy more stable with a higher success rate?

He poured cold water: If ten thousand MEME coins, only one survives, that’s pretty good. Don’t even dream about one out of ten.

In the end, I conclude: Ordinary people trying to achieve social mobility through crypto—relying on contracts? Not very realistic. Those who survive are those who live long enough and avoid fatal mistakes. If you haven't chosen the wrong path, don’t fear the distance. Looking back after a year, you’ll thank the "slow and steady" version of yourself today.

👇 How would you choose?
✅ Quick sniper contracts VS ✅ Long-term spot holdings + low-probability miracles?
BNB2.4%
ASTER2.36%
UNI4.54%
MEME3.24%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
GasFeeCriervip
· 12-10 23:30
Uh... Ten MEME coins running out, I think that's already optimistic. The reality is that even ten thousand are dead, and this guy wasn't wrong. Contracts are indeed risky, but spot trading isn't as stable as you might think. The key is to survive longer without making big mistakes.
View OriginalReply0
GweiWatchervip
· 12-10 23:26
To be honest, the logic of spot trading sounds comfortable, but waiting ten years for millions? I still think that's a bit too optimistic. MEME coins are indeed risky, but who can guarantee that the next DOGE isn't in your hands, right? The key is to survive long and make the right decisions.
View OriginalReply0
ForkMastervip
· 12-10 23:13
Haha, this guy has lived quite a long time, but he just couldn't avoid the fatal mistake of "survivor bias"...
View OriginalReply0
TokenomicsShamanvip
· 12-10 23:05
Haha, this discussion is really just two people talking to themselves. One out of ten? I think not even one out of a hundred thousand. This is just a variation of the gambler's fallacy in the crypto world.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)