There is only one way to go from rich to poor in the cryptocurrency circle, the contract explosion
I have been in the circle for 4 years and have seen many old OGs,
They used to be worth A8 and A9, and they were full of vigor and vitality
They succeeded 99 times and accumulated a lot of wealth,
But once the contract exploded, the balance was zero
The gains from the cryptocurrency circle for several years were finally wasted
There is no shortage of pictures of contract explosions on social media
There are also continuous confessions of dying after the explosion
But there are still people rushing into the contract market,
Because making money is really too easy!
If you open the right direction, 100,000 can easily become 1 million.
Once you open the wrong direction, you have to start all over again.
From a theoretical and rational point of view,
contracts can make money, and there is a 50% chance of winning each time you open an order.
But once you enter the market, no one can remain rational.
They are too excited and cannot stop losses. If they lose, they always want to make up for it.
As a result, they are completely wiped out and eventually liquidated.
For example, in the past 4 hours, the crypto market plummeted.
$331 million was liquidated on the entire network, including $244 million in long orders.
More than 54 million US dollars in $XRP contract orders were liquidated.
The Korean exchange crashed, and the price of $BTC directly dropped to 60,000 US dollars.
Who knew that a good market would suddenly come with
causing all crypto players' accounts to pay for it.
The market fluctuates greatly, and there are too many uncertainties.
Winning or losing is just a matter of fingertips.
Contracts are not easy to play
