in the beginning it used to be you could acquire some practically free crypto tokens and hold and sell until profit. just having a crypto asset was enough for potential life changing gains.
Now the market has evolved to where crypto tokens are speculative assets traded in long and short markets on DEXes. This is where the majority of losses and gains are made now for this commodity class.
I never was big on gambling so I avoided longs and shorts until recently. up until this time I was OK with just holding a couple crypto assets and calling it a day. but I got roped in to playing the long and short game with some free USDT trial funds to use on futures from a dex I exchange tokens on. after getting some decent profit and then getting liquidated — rinse and repeat — I got my first taste of the rush of gambling.
I’m not exchanging large amounts and I have toned down my extreme ranges and am able to nickel and dime my way to OK profits. But I can see how this long and short game creeps up on you like a thief in the night. It’s much more exhilarating to trade this way. I can see how this causes market acceleration. The rich can afford profit and stop loss margins in this game that poor people can only ever dream of.
Crypto was once idealistic and young — and promised a revolution to early adopters.
Now it has entered the phase where it wants to prove it can be an adult and work in conventional markets like adults can.
These conventional markets are the same kind of speculative markets that arguably caused financial crashes that supposedly the asset class like bitcoin was going to fix.
Just like the government can make the money printer go brrrr, memecoin creators just gotta launch new tokens to milk the long and short games.
that said crypto is not the revolutionary asset class of its youth… it’s just become a novel way to repeat the same hungry hungry hippo financial schemes on a larger scale — now with trading bots!
