Altcoins are a trap, and I finally stepped into it.
It's not that I can't handle the fluctuations, but I can't handle these outrageous fees. Take my recent experience as an example: a 1.38% drop in four hours, but just the fees could wipe out a 3000% annualized return. This isn't a numbers game; it's real, tangible loss of capital.
Many people enter altcoins hoping for explosive gains in small tokens, but those who survive often don't lose because of market movements, but because of unseen costs. Fee rates are hard to notice normally, but over time they accumulate into a meat grinder.
The current question is, what to do? I have a few ideas spinning in my mind: directly accept the loss and close the position, paying the tuition fee; or open a reverse position to hedge while also earning from the fees—sounds logical, but executing it requires betting on the market direction. Are there any better methods?
Experienced friends, what do you think? How do you usually handle this kind of situation?
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TokenomicsTherapist
· 11h ago
Fees are really the ultimate, small currencies are a trap, and I haven't woken up to it early enough.
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BlockchainFoodie
· 11h ago
yo this is literally like ordering from a sketchy michelin-imposter restaurant where the "hidden fees" cost more than the actual meal itself... funding rates are the kitchen's silent killer, fr fr. most people taste the sizzle but never see the prep costs bleeding them dry 💀
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TokenomicsDetective
· 11h ago
Fees are truly the silent killer; there's no way to prevent them.
If you've lost, you've lost. Don't keep messing around; continuing to hedge is just digging yourself deeper into the pit.
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DegenDreamer
· 11h ago
Fees are truly the silent killer. You can't see it day to day, but when you do the math, it can lead to bankruptcy.
Altcoins are a trap, and I finally stepped into it.
It's not that I can't handle the fluctuations, but I can't handle these outrageous fees. Take my recent experience as an example: a 1.38% drop in four hours, but just the fees could wipe out a 3000% annualized return. This isn't a numbers game; it's real, tangible loss of capital.
Many people enter altcoins hoping for explosive gains in small tokens, but those who survive often don't lose because of market movements, but because of unseen costs. Fee rates are hard to notice normally, but over time they accumulate into a meat grinder.
The current question is, what to do? I have a few ideas spinning in my mind: directly accept the loss and close the position, paying the tuition fee; or open a reverse position to hedge while also earning from the fees—sounds logical, but executing it requires betting on the market direction. Are there any better methods?
Experienced friends, what do you think? How do you usually handle this kind of situation?