The Cryptocurrency World Suffering Competition... A story I once heard
In November last year, a friend played with contracts, starting with a principal of 500,000 and going long with 5x leverage, with the account peaking at 4.3 million. After deducting costs, fees, and part hedged with spot, it was a total return of 851%. What would you do if you were in this situation? Most people would have already stopped, but he didn't. According to his wife, there was a small dip in the middle, and he didn't stop loss; later it rebounded. At that time, the contract account had already made over 900% profit. There should have been too many short positions, and he didn't pay attention. Later it dropped a bit, and he also chose not to stop loss. When his wife mentioned 430, he called out to her with a slightly trembling voice to tell her about this situation, without being particularly agitated, and then he just stared at the screen, slowly becoming incredibly calm. Because with contracts, he had previously made nearly 3 million during the peak, and then gradually lost it all.
Log in to explore more content
Join global crypto users on Binance Square
⚡️ Get latest and useful information about crypto.