Many people flock to altcoins for a very simple reason—betting 1000 yuan and, if lucky, turning it into 10,000 yuan overnight, or even more. It sounds tempting, but this is a high-risk, high-reward game. Many jump in without fully understanding this.
I often have friends discuss this issue with me. Some have known about the pitfalls of altcoins for a long time but still can't resist trying their luck. I can't directly tell them "don't play," after all, it hurts to cut losses, and they’re afraid to hold on. Honestly, altcoins are indeed hard to control—whales can pump or dump at will, and technical analysis is almost useless here.
Mainstream coins like Bitcoin and Ethereum are different. They have deep market depth and less manipulation space, making it possible to optimize strategies through analysis. My straightforward advice: if you expect to double your principal within two or three days, that’s probably unrealistic. But if you can accept steady growth, mainstream coins are a more reliable choice.
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.
9 Likes
Reward
9
7
Repost
Share
Comment
0/400
FundingMartyr
· 6h ago
Honestly, it's just the gambler's mentality at play. The thrill of a quick win is irresistible to everyone. But the few I know who have truly survived in the altcoin world are not many.
The moment the market maker dumps, your technical analysis becomes worthless paper. You need to think this through.
Mainstream coins may be boring, but at least you won't be harvested like a leek. That's how I operate now.
Making money can't be rushed; otherwise, you're just working for the exchange.
Actually, most people know these principles, but they just can't control their own hands.
View OriginalReply0
ReverseTradingGuru
· 6h ago
To be honest, wanting to turn 1000 yuan into 10,000 yuan overnight with this mindset is doomed to fail.
Knowing it's a trap but still jumping in, I'm also speechless.
A puppet controlled by the big players, what's there to analyze?
Mainstream coins are stable, but who in this market is truly stable?
Don't ask me, I'm also gambling.
View OriginalReply0
New_Ser_Ngmi
· 6h ago
Basically, it's the gambler's mentality—dreaming of getting rich overnight with a thousand bucks. Wake up, everyone.
View OriginalReply0
StealthMoon
· 6h ago
Speaking of which, this is the gambler's mentality—dreams of turning 1000 into 10,000 repeatedly draw people in, but how many actually make a profit? The house is laughing behind the scenes.
View OriginalReply0
NFTDreamer
· 6h ago
To be honest, the mentality of dreaming to tenfold your money overnight with 1000 bucks will eventually be shattered.
The strategy used by the manipulators to harvest retail investors is exactly this psychological gap.
Mainstream coins are really more attractive, although not as exciting.
View OriginalReply0
ShortingEnthusiast
· 6h ago
Basically, it's the gambler's mentality—trying to tenfold a thousand yuan. This logic itself is flawed.
It was only when the market maker dumped the price that I realized what regret truly means.
Although mainstream coins haven't surged as wildly, at least I sleep peacefully.
I've also played with altcoins, but in the end, it was all just empty efforts.
Instead of watching the charts every day, hoping for a double, it's more practical to make a fixed investment in BTC.
This article hits the mark—how many people around me have died chasing the dream of overnight wealth in altcoins.
Technical analysis? It’s almost useless in front of market makers.
Steady growth may sound boring, but that's the real way to survive until the end.
View OriginalReply0
TideReceder
· 6h ago
Basically, it's a gambler's mentality. The dream of turning 1,000 into 10,000 is too tempting.
The moment the market maker dumps, you realize how useless technical analysis is.
Mainstream coins are indeed stable but slow; altcoins are exciting but a game of life and death.
Instead of dreaming of getting rich overnight, it's better to invest steadily in Bitcoin.
The real profit doesn't come from luck; it comes from discipline.
Many people flock to altcoins for a very simple reason—betting 1000 yuan and, if lucky, turning it into 10,000 yuan overnight, or even more. It sounds tempting, but this is a high-risk, high-reward game. Many jump in without fully understanding this.
I often have friends discuss this issue with me. Some have known about the pitfalls of altcoins for a long time but still can't resist trying their luck. I can't directly tell them "don't play," after all, it hurts to cut losses, and they’re afraid to hold on. Honestly, altcoins are indeed hard to control—whales can pump or dump at will, and technical analysis is almost useless here.
Mainstream coins like Bitcoin and Ethereum are different. They have deep market depth and less manipulation space, making it possible to optimize strategies through analysis. My straightforward advice: if you expect to double your principal within two or three days, that’s probably unrealistic. But if you can accept steady growth, mainstream coins are a more reliable choice.