Have you ever wondered why so many people are willing to take huge risks just to squeeze into the cryptocurrency space?



Let me make it clear first: Nowadays, these so-called decentralized projects are still controlled by big players and KOLs. They can manipulate prices with their information and capital advantages—everyone knows it, so there's no need to be naive. But even so, why is Web3 and decentralized finance still unstoppable?

The answer lies in all those infuriating restrictions of traditional finance:

Your account can be frozen at any time, often without a proper reason. Want to withdraw your own money? Sorry, there's a limit, and you need to fill out a bunch of baffling paperwork. Even worse, if your money is embezzled by a bank employee, the bank will blame a "temporary worker" and claim it’s none of their business. Sometimes even transferring money to a friend can get blocked, with a warning that the recipient’s account is "risky." As for cross-border investments or transfers? That’s even harder—most people can’t even meet the account opening requirements.

All these headaches pile up, and people finally realize—your wallet should be in your own hands!

That’s why we have decentralized wallets, blockchains, DeFi, and all kinds of crypto projects… These things exist to give financial power back to the users.

But then again, the market is a mix of good and bad projects, so don’t get fooled. Figure out which ones have real value and which are just vaporware—you need to be careful. If you don’t understand, do more research or consult someone reliable, and finally ask yourself: Am I capable of participating in this?

Don’t just follow the crowd on a whim, only to watch your coin’s price go to zero in the end—with nowhere to cry about it.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 8
  • Repost
  • Share
Comment
0/400
ProofOfNothingvip
· 12-09 15:35
The whole banking system is really annoying, managing your own money really does feel great. It's just a gambler's mentality, addicted to the thrill. They call it autonomy, but honestly, it's still about making quick money, haha. It's a game where big players cut down the little guys, and we're all just tools. Risk and opportunity are split fifty-fifty, it depends on your own appetite for gambling. Same old story, decentralization ends up being centralized in the end. Those who truly understand it have already won by doing nothing, the rest of us are just gambling. Traditional finance really is trash, but the crypto world isn't paradise either. That's why I only invest in projects that let me sleep well at night.
View OriginalReply0
AltcoinMarathonervip
· 12-09 04:59
honestly, it's the marathon vs sprint thing all over again. traditional finance's gatekeeping is brutal, but rushing into crypto recklessly? that's just trading one cage for another. the real accumulation happens when you actually understand what you're stacking.
Reply0
Rugman_Walkingvip
· 12-07 10:10
You're absolutely right, the traditional finance system is indeed disgusting, but you have to keep your eyes wide open when entering this space, otherwise you'll be the one getting burned.
View OriginalReply0
LiquidityLarryvip
· 12-07 07:54
The way banks operate is indeed disgusting, but getting into the crypto space now is still a one-in-ten-thousand chance of survival. You're absolutely right. Self-custody wallets sound great, but in reality, we're still getting devoured by whales. Only after being "frozen due to risk" do you truly understand what despair means—I have to admit that. No matter how much research you do, it's hard to avoid pitfalls. After all, everyone here comes in with a gambler's mentality.
View OriginalReply0
SillyWhalevip
· 12-07 02:49
The way banks operate is really something else—freezing accounts without giving a reason, cross-border transfers are nearly impossible. No wonder so many people are flocking to crypto. I agree, but don’t forget that people in crypto are still scamming others. Big players manipulate the market, project teams run off—same old story, you can still lose everything. Hey, I just want to ask, is self-custody really better than being managed? If you lose it all, it’s still gone. This analysis is spot on—in short: traditional finance pushes you into crypto, then crypto tries to take your money. Retail investors stuck in the middle really have it tough. It’s all about information gaps—KOLs eat steak while we get the scraps. Isn’t that still being controlled? Where’s the autonomy? You’re not wrong, but honestly, how many people actually dare to go all in? In the end, most just try with small amounts. Oh man, after reading this, I feel like both sides are a trap. But it’s still better than having my bank account frozen.
View OriginalReply0
GasFeePhobiavip
· 12-07 02:32
You're absolutely right, traditional finance is indeed disgusting, but Web3 isn't much better either—it's just a different way to fleece retail investors...
View OriginalReply0
OnchainDetectiveBingvip
· 12-07 02:29
What you said is absolutely right. The traditional finance system is ruthless and exploitative, no wonder everyone wants to save themselves. Banks freeze accounts like it’s nothing. My friend just got his account frozen the other day, with no explanation at all—it was infuriating. But on the other hand, the Web3 space is also full of hidden dangers. The big players have all kinds of tricks to take advantage of newcomers, so you really have to stay sharp. True liberation comes from thinking for yourself. Otherwise, you’re just jumping from one pit into another. They say it’s decentralized, but in reality, it’s still manipulated by capital. Just experience it for what it is—don’t take it too seriously.
View OriginalReply0
AlwaysMissingTopsvip
· 12-07 02:26
So true, banks always act like they're above everyone, and they don't even need a reason to freeze your account. --- Instead of being taken advantage of, it's better to be in control yourself. That's probably why Web3 is so appealing. --- But the reality is, most people who rush in end up as the ones being taken advantage of. Managing your own wallet actually requires some brains. --- Traditional finance really is a mess, no wonder everyone wants to escape. --- Decentralization sounds great, but really it just shifts the risk from the bank to yourself. You need to think it through. --- At the end of the day, it's all about freedom. Even if you get burned, it's better than having your account frozen. --- Ah, here's another article telling me not to FOMO in blindly, but who actually listens, haha. --- The reason DeFi is booming is because traditional finance is so disgusting, but don't just come in and be a sucker holding the bag.
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)