Crypto Newbie's First Lesson: Blown Away by 75x Leverage
Share my experience of losing 3000 principal in a few minutes, a warning for new beginners (P2) Background: I am a newcomer to the crypto world, previously only buying BTC and ETH spot, and have never touched contracts. Recently, I learned some web3 knowledge in class, and with my quant internship experience, I developed the idea of doing some trading myself. My only previous experience in the crypto world was buying some BTC and ETH spot and holding them, and I have never dealt with contracts. Time goes back to the early morning of 12.2, when I saw that ZEC was fluctuating quite a bit, with the price around 360, in a volatile downward trend (P3).