100x leverage has become the standard for major exchanges.
Think about the fluctuations in the cryptocurrency circle. Just now, Bitcoin rebounded to $8,900, and then fell back to $8,700.
A 5% fluctuation in a few minutes can easily lead to a 20-fold contract liquidation.
I really don’t know what everyone wants to do by opening an order for a contract with 100x leverage.
To be honest, contracts with a value of more than 20 times in the currency market are blatant cheats by the dealer who is gambling with you.
This is a game where only 3% of people can beat the dealer, and a lot of people think they are that 3%, even if they are a novice.
On February 24, the contract holdings of the four major contract exchanges exceeded US$3 billion. Many cryptocurrency analysts lamented that this is not a halving bull, but a leverage bull.
A major feature of the leverage bull is killing high leverage.
On February 17, Bitcoin plummeted from the $10,000 mark to $9,556, with a 24-hour liquidation of more than 4 billion yuan.
On February 20, Bitcoin plunged again from $10,250 to $9,320, and the amount of liquidation in the futures contract market exceeded 5 billion yuan within 24 hours.
On February 24, Bitcoin failed to break through 10,000 US dollars and plummeted to 9,550 US dollars. It then quickly rebounded to 9,700 US dollars. In just one hour, the contract liquidation exceeded 700 million yuan.
Yesterday, 5 billion contracts were liquidated. A simple calculation of the liquidation rate can make you understand how terrifying this market is.
Moreover, this is a margin call, a loss with no room for maneuver. It is not a floating loss, but a confirmed loss.
In the past, if the main players wanted to make profits in the market, they mostly had to push up the spot price to attract funds to enter the market and then sell at a high price.
Now there are high-leverage contracts, and many dealers have everyone’s contract data.
It is clear at a glance how many positions can be liquidated at what point. Otherwise, how can we say that this is a cheating gambling.
The leeks' cards have all been seen by others. They have money and chips in their hands.
If you want to explode the long contract, you sell the chips; if you want to explode the short contract, you push it up.
How much money is needed and how much profit can be made, I guess everyone can make it. Don't make money too easily.
It is foreseeable that in the future, double explosions and spikes in long and short positions will become more frequent.
Today's contract market is a jungle game full of dangers.
But the bigger enemy is ourselves. In addition to being wary of the dealer, we must also face our own weaknesses, overcome human greed and fear, and be vigilant enough to survive.
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Without too much negative news, the dog market keeps falling every day.
When the contract market goes bankrupt, tens of thousands of people are at risk, with amounts exceeding billions at a time.
Thor is still the best at pretending to be dead when he has spot coins in his hand. Every day when he wakes up and sees that the coins in his account are still there, he feels extremely happy. What a human being!
Be good at enlightening yourself and also like to enlighten others.
Many people made money from the previous surge in contracts. It is a blessing in disguise that you are not among those who did not accurately predict the market and had their contracts liquidated.
The halving is coming soon, what are you afraid of?
The current development of Bitcoin is sufficient to support this halving. I don’t know when this bull market will come, but it will definitely come.
I don’t know how many times the bull market will increase in the future, but it is definitely one of the most worthy markets to invest in, and Bitcoin is definitely one of the most worthy investment projects.
I am full of hope for the future. Things have been looking rather bleak lately, and it is definitely the contract trading platform’s doing.
In order to live longer, we leeks should keep leverage as low as possible.
It has become popular recently that every time there is a big fluctuation, high leverage contract experts will show off their profits.
To be honest, there's nothing to brag about.
If you can make money all the time, with dozens of times the return at any time, why haven't you achieved financial freedom and tens of millions of assets yet?
So what if you make money a few times? It’s all short-lived and not worth envying.
And even if someone has real skills and can make money, it is not your ability.
In the highly leveraged contract market, it is difficult for novice retail investors to obtain stable returns.
We do not build our own trading strategies like the experts; we do not have accurate judgments about the future, and we are overconfident, dare to open orders, and always ignore risks; compared with those experts, we lack sensitivity, have no sense of the market, and are unable to track market trends in a timely manner and take corresponding measures.
With our level of skills, we are really not suitable for surfing the contract market, and most of us will be "drowned".
There are many contract guides on the market now. One is to charge for joining the group, and the other is to follow orders automatically. The fee for joining the group is considered a new kind of harvest.
It’s so miserable. Not only did I lose money in the contract market, but I was also harvested by the group owner.
Many KOLs are merely packaged and lack the real ability to bring in orders. What they make is the fee for newbies to join the group.
There is no one-time, 100% sure way to make money in this world. Investors still need to constantly improve their risk awareness and personal cognitive abilities, and continue to learn and improve in the market.
Contract, this game with a high probability of losing, withdraw quickly. #币安合约锦标赛