#美联储回购协议计划 The Destiny of Alts — Discussing the Balance of Risks and Opportunities

I've seen too many stories like this: a trader goes long on a certain altcoin, and in the end either their account is wiped out or they make a comeback by luck. This is not alarmism, but a true reflection of the reality of leveraged trading.

$BTC, $ETH, and $SOL have fundamental support, but what about those alts that lack liquidity and ecosystem? Holders often find themselves in a dilemma:

**The Dilemma of Short Selling** — Shorting an altcoin seems rational, but with poor liquidity, high slippage, and extreme price volatility, once a stop loss is triggered or margin is insufficient, liquidation can happen in an instant. Imagine that you initially predicted the direction correctly, but due to inappropriate leverage, you end up losing everything.

**Reverse Surprise** - There are also those who buy at the most desperate moments, riding a wave of explosive growth, turning their accounts from negative to positive. But this is more of a survivor's bias rather than a replicable strategy.

The core issue is still: **without risk management, no matter how good the trading idea is, it is gambling**. Alts may go to zero or suddenly surge, but in either case, leverage is a double-edged sword.

Some people survived through strict stop-loss and position management; more disappeared due to greed and excessive leverage. The market is always testing human nature.