Has the bull market ended? Can't be completely sure, but there is this possibility Think about what the scene was like after the bull market ended in 2017 It's about the same, the dog funds are also about to celebrate the New Year, I should be spitting out what the leeks have earned! Those who mindlessly go long when the market is pumped every day have become masters. When the market slightly reverses, or when some thinking is needed, they start to get cut down. Those buying spot need to be careful. Don't try to earn the last penny, know when to take profits.
Crypto friends, please do not use the quote mode when commenting, otherwise you won't be able to reply. The crypto world is not short of wealthy individuals or big spenders, but the vast majority are still ordinary small investors. Some people might be running a small business, while others might be stay-at-home parents who have learned about the crypto space through certain channels and want to make some pocket money or baby formula money. However, due to unfamiliarity and lack of experience, they end up paying a lot of tuition for various reasons. The crypto world is indeed quite deep; some people will have you deposit money into shady platforms every day, while others will flaunt profits of thousands or even tens of thousands of dollars, encouraging you to follow them in trading contracts. In the end, you will realize that it’s all fake. The only real money lost is the RMB you’ve actually lost!
In this bull market, trading in spot definitely makes more money than contracts. Have you noticed that the rhythm of this bull market is completely different from 2021? Many people are now trading contracts. There are daily fluctuations of 10%, but they only take one or two points and then leave, and in the meantime, they are afraid to chase the market, afraid to go long. It keeps rising and rising without a pullback, so when you think it has risen enough and you go short, it simply doesn't drop. Therefore, for those with capital, especially large capital, it's recommended to trade in spot and avoid contracts!
Play spot more Play margin less If you can't make money playing spot, then don't even touch contracts. Why do so many people in the crypto world play contracts? It's actually quite simple. First, because there are promotions for playing contracts, and for high commissions, they keep promoting it. Second, contracts are easier to promote than spots because spot trading requires a relatively larger amount of capital to earn a certain profit, while the threshold for contracts is only $500 or $1000. But the vast majority of people are just fodder. If your capital exceeds $20,000, it's still recommended to play spot. Currently, in this market, playing spot is not necessarily worse than contracts; at least with contracts, it's easy to lose money and even get liquidated. But spot trading is just about a few days or holding for a period of time, that's all.
Unknowingly playing contracts for the 5th year. This year is the one I least want to play contracts. Small exchanges are becoming more and more unreasonable, and the harvesting of retail investors is becoming increasingly obvious. Under the big market trends, large exchanges either disconnect or have huge slippage. In short, making money has become much more difficult. In the future, the main players will focus on spot trading. A daily six-figure profit may not happen again in the short term.😀