What if you lose everything when you open a 50x leverage for cryptocurrency trading?
Let alone 50x leverage, even if it is 1x leverage, your risk is 100%.
In the cryptocurrency circle, if you encounter a sudden halving of Bitcoin, you will lose everything even if it is 1x.
If you do it right, the returns are also great. There are very few European emperors who can even achieve wealth freedom in one go. This possibility, which only exists in theory, has also appeared several times in the cryptocurrency circle.
However, the probability is lower than that of buying a lottery ticket. Just treat it as a melon and don't fantasize about becoming the protagonist in the story.
In fact, the risk of retail investors doing contracts is infinitely high. Basically, the end of the contract is bound to be a liquidation.
Because people are greedy, if you make 100,000, you will fantasize about 500,000, and then you will fantasize about 1 million, 10 million...
These are all what the blogger has experienced personally.
Back then, when the blogger was crazy about participating in ICO, hundreds of thousands of dollars grew wildly to more than 2 million in just half a month. At that time, I felt like I was stepping on the clouds and I didn't know who I was.
I thought that as long as I continued to participate in ICO, 10 million would be a matter of minutes.
I didn't know how to control risks reasonably, even if I took out part of the profits to consolidate.
As a result, ICOs continued to explode, and projects were constantly removed from exchanges and directly returned to zero. The total assets that were once millions were less than 60,000 yuan, and this was when I ran fast.
This is the cruel currency circle.
Leveraged investment is actually the same. You can make countless profits, but as long as you lose once, you will be doomed.
The blogger does not recommend those immature investors to do contracts, because immature investors are too easy to get carried away.
When you see the rise, adrenaline soars, and you chase the rise frantically, for fear that you will be slow and the profits will be picked up by others.
Once it falls, you will be desperate, especially thinking about the past glory, regretting that you didn't stop in time...
Your mentality will fluctuate violently. At this time, if no one tells you what to do, then your ending must be that you have to leave after losing everything.
Since you have lost everything now, what should I do? ,
To be honest, the blogger has lost everything and been in debt, but he still persisted in the end.
The best way is to enhance your ability to make money off the field. It may sound like nonsense, but in fact this is the only way you can go.
If you still want to continue to try your luck in the cryptocurrency circle, you may get deeper and deeper.
When you have no capital, you can only borrow money. Borrowing money for investment is a taboo in cryptocurrency speculation.
If you can be sure that if you buy today, it will rise tomorrow, then you can borrow money. Otherwise, if you misjudge the direction, it is equivalent to rubbing salt into your wounds.
Your ability to bear risks is zero, and any disturbance will magnify your losses.
So, work hard to make money, and then use your spare money to enter the cryptocurrency circle. Stay away from contracts before your investment ability reaches the standard.
Come on, people in the cryptocurrency circle.
If you want to delve deeper into the cryptocurrency circle, but can't find a clue, you can look at my avatar content and communicate with each other if you want to get started quickly
