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There is a dangerous habit in the crypto world: many people especially like to short the top gainers.
Every time they see a coin suddenly surge, their first reaction isn't "Can it still go up?" but "It's about time to short it."
It sounds smart, but in reality, many people do this and end up wiping out their accounts.
If you think carefully, you'll understand.
Going long actually has limited risk.
For example, if you use $10 to go long, the worst case is losing that $10.
But shorting is a completely different logic.
You can earn at most $10, but once the market goes crazy, your losses have no limit.
Many people don't realize this and always think that if it rises too much, it must fall.
As a result, every time they see a coin on the top gainers list surge, they can't help but open a short.
The problem is, many coins that can surge to the top gainers list often rely not on technical levels but on emotion.
Retail traders chase after it, groups shout about it, KOLs promote it, FOMO kicks in, and the market simply doesn't move according to your plan.
The moment you open a short, you might be taken out by a big bullish candle.
Many of these surging coins actually don't have large market caps. When the big players want to push, it’s really like playing.
Many people have experienced this: just got stopped out, and then the price keeps going up;
You think it's the top this time, but they shake out the traders and hit a new high.
There's also something many people overlook: funding rates.
If you keep holding a short at high levels, the funding rate will slowly eat away at you before the market drops.
The longer you hold, the more you pay, and the more anxious you become.
In the end, many people aren't wiped out by the market, but by their own mentality.
So I always think, less focus on the top gainers list — it's not being cowardly, it's being responsible for your account.
Some market moves, if you miss them, you just miss them. Not every rally requires your participation.
Recently, some small coins suddenly surged, and often it’s just a wave of emotion $KAT
.
If you insist on rushing in to short, you're not really trading — you're gambling on market sentiment.
Going against the trend at high levels, to put it nicely, is top-timing; to be blunt, it's gambling on your luck $RIVER
.
If you stay in the crypto space long enough, you'll realize that surviving is more important than catching every market move $BTC
.
As I always say, a single tree cannot make a forest, and a lone sail cannot voyage far! Having a good team to guide you is always much better than fighting alone. I've always been in $ETH.
Its low transaction fees and fast transfer speeds make it truly suitable for everyday tipping and small payments. More importantly, the Dogecoin community is passionate about charity and sponsorship, frequently contributing to public welfare causes. With support from celebrities like Elon Musk, it has not only brought joy but also demonstrated that internet culture can unite into a powerful consensus capable of changing the world.