A9’s reflections on getting liquidated still hit hard when I read them again today: Don’t use leverage recklessly, and especially don’t mess around with things like TRS. There’s no limit to how much money you can make, but you can lose it incredibly fast. Don’t count on getting lucky.
For comparison, here’s where things stand now: $BTC is currently at $76,129, up 0.8% over 24 hours. The Fear & Greed Index is at 25: Extreme Fear.
My take: When fear is extreme, it’s easiest to get itchy fingers and use leverage to buy the dip—but losses come much faster than gains. I tend to think that at times like this, keeping your hands off the controls matters more than looking for opportunities. With leverage, when you’re winning, you think you’re a genius; when you’re losing, you realize your courage was borrowed.
$BTC
For comparison, here’s where things stand now: $BTC is currently at $76,129, up 0.8% over 24 hours. The Fear & Greed Index is at 25: Extreme Fear.
My take: When fear is extreme, it’s easiest to get itchy fingers and use leverage to buy the dip—but losses come much faster than gains. I tend to think that at times like this, keeping your hands off the controls matters more than looking for opportunities. With leverage, when you’re winning, you think you’re a genius; when you’re losing, you realize your courage was borrowed.
$BTC
