The crypto world has lost another one...
I saw the dentist say he wants to withdraw from contracts, and is even considering quitting the space; I can really empathize with that!
Now the crypto contract scene is nothing like it used to be; it has completely turned into a 'casino' that magnifies human weaknesses. With high leverage and extreme market conditions, it often leads to a series of liquidations. While playing, it really becomes uninteresting—when you win, your heart races, and when you lose, you end up with nothing. Over time, it’s just a pure drain. Even a well-known KOL like the dentist can't withstand this kind of consumption, let alone us ordinary retail investors. In 2025, with the market's volatility and liquidity issues, even the 'smart money' is getting cut; contracts are becoming increasingly difficult to navigate.
He mentioned occasionally live streaming and doing some rebates, and I think that’s the clear-headed choice! Think about it, the trading fees in the crypto world don't seem much per transaction, but with high-frequency trading over time, it's a huge amount. For example, Binance's rebate program can return up to 80% of the fees, and the invited person can enjoy a 10% discount, saving money in both directions. This is definitely more reliable than gambling on contracts. Rather than living in fear every day in the contract space, it's better to focus energy on steady and solid tasks, which can reduce trading costs, avoid the risk of going to zero, and have chats with fans—how comfortable.
In fact, this also serves as a reminder for us that the key to long-term survival in the crypto world is not to 'bet big', but to 'survive'. The short-term thrills from contracts simply can't compare to sustained and stable accumulation. The dentist choosing to withdraw from contracts and switch to rebates is undoubtedly a wise move that sees through the essence of the industry!
