There is a kind of people in the cryptocurrency circle who have survived 94 and 312. Countless corpses have made them masters of contracts! They make a living and support their families by trading. They can be called experienced old leeks.
They are extremely good at short selling, because based on the experience of the cryptocurrency circle over the years, continuous rises rarely occur. At most, there will be a few waves of rises and then a wave of crashes to clear the market.
So their trading method is to open a short position when Bitcoin rises to a high point, then increase the position and open a short position when it rises again, and then increase the position and open a short position again when it rises again. Wait for a crash, and then make back all the money with interest.
With many years of trading experience, they have never failed. They call their operating method "Chan Theory". Because they have made huge profits in the past, they even say that they have unlimited margin, and as long as the margin is enough, they can make profits with their eyes closed.
On March 13, 2020, Bitcoin fell from nearly $20,000 at its peak in the last bull market to $3,800.
On this day, all the soldiers were killed.
Although the short position is doing well, no one will open a short position at this point because the decline is too severe.
But starting from this point
$3800 doubled in one month to $7000
In two months, it doubled again to $10,000.
As the epidemic spread, the price doubled in two months. At this time, most of the bulls who made profits at the low point closed their positions.
But many air force soldiers could no longer contain their excitement and were ready to strike again and do something big.
They think that even if the market is going to rise again, there must at least be a big drop, for example, from $10,000 to $5,000, to clean up those who have profited from this wave.
Bitcoin started to rise again
In 5 months, Bitcoin rose from $3,800 to $12,500 without stopping, it just went up directly.
At this time, all the air force, and even those who had made profits from contracts in previous years, all rushed in. They absolutely could not miss the opportunity to make a fortune by short selling.
As a result, after a small plunge in Bitcoin (a drop of $2,600), it started to rise all the way.
In less than a year, the price of Bitcoin rose from $12,500 to $20,000, $30,000, $40,000, $50,000, and $60,000 without even a break in between. It just went up straight away.
In order to avoid liquidation, my friends who were not in the market added a lot of margin again and again, and finally put all their money on it, and even took out all the loans they could to add margin.
But it still couldn't withstand the bull market's surge.
Basically all the old investors in the Air Force were liquidated and all died.
And those friends of mine have already disappeared in the bizarre market conditions over the years.
PS: If you love someone, let him trade Bitcoin, because this is the biggest bubble in human history. The 22 million-fold increase has blinded countless people and made them dream of getting rich overnight.
If you hate someone, send him to trade Bitcoin. Because since he became addicted to Bitcoin, everything in the world has lost its appeal to him. A day in the cryptocurrency circle is like a thousand years in the real world. From then on, family, love, stock market, and bond market have all become dirt in his eyes, and he will lose his humanity.
Most of the old cryptocurrency friends I know have left here. Perhaps the 24-25 wave is the last wave of the market in this circle. After that, the era of wild growth has passed, and compliance and conservatism may become the next synonym for this circle.
At present, the bull market is surging, and we have the opportunity to share passwords every day. Again, if you don't know what to do in the bull market, click on my avatar, follow me, bull market spot planning, contract passwords, free sharing. I need fans, you need references. It's better to follow than to guess blindly.
