I've deleted the app for three months. Today I downloaded it to check—got half my HP back. 🥴(┬_┬) I'll check again after three more months, hoping to get back full health.
A Battle Letter to Cowards and Gamblers: You have no idea what true faith is!
On this bloody weekend, looking at that glaring bearish candlestick on the Bitcoin chart, I don’t see losses, but a vivid 'reveal' of sorts. It’s like a truth mirror, exposing the greed and shortsightedness of the bears, and more so, the weakness and incompetence deep down in the so-called 'bulls'. First off, I gotta spit on those shorting Bitcoin. You bunch of self-proclaimed smart gamblers, leveraging dozens of times, thinking you can stand against the tides of history. You’re fixated on the RSI, watching ETF outflows, glued to the nonsense from those so-called 'doomsday prophets' on Wall Street, thinking you've got the market by the throat? You really believe you can bleed the funding rates dry and trigger liquidations to reap the world? Wake up! To you, Bitcoin is just a string of code to short at will, a financial derivative for arbitrage. You don’t get it; this is a monetary awakening, a downgrade of the old financial system. Every time you go crazy shorting, every malicious dump you make, you're just clearing the way for the future's historical wheels. When Bitcoin breaks through the clouds, you little ants trying to block the sunrise will be crushed to dust, with nothing left!
A one-month contract lost eight thousand, and the handling fee alone went to 4000, what a rip-off 😦. Is it that every time it’s just about buying without any profitable orders @BN返40新老都可-看简介
Three major pain points of contract trading
Playing contracts, these "invisible costs" are scarier than losses!
High leverage as a "double-edged sword": leverage magnifies profits but also magnifies losses. Under 100x leverage, a 1% price fluctuation could lead to liquidation, and a spike in the market can zero out instantly.
Liquidation fee: triggering a margin call not only wipes out your margin but also requires an additional liquidation fee. This fee is deducted first and is the “final blow” after liquidation.
Funding rate loss: perpetual contracts settle the funding fee every 8 hours. In a one-sided market, continuously paying the fee can erode profits like a frog in boiling water; the longer you hold, the higher the cost.
Contracts are not gambling; recognizing these cost traps is essential to avoid becoming a "cash machine" for the exchange.
#美联储3月议息会议 $ETH #Aster主网上线 Should my current spot not die? Is there a problem with my spot position? Should I have more ETH? Please, please, please everyone help me take a look, I bought the contract at the peak🙈