Today's funds: 1032 USDT, December 21, 2024.
According to the data pushed to my phone, approximately 1.4 billion USD was liquidated across the network in the past 24 hours, with 1.2 billion USD in long positions being liquidated. Additionally, in the last 24 hours, a total of 428,445 people were liquidated globally.
And I am one of those who got liquidated.
Yesterday, as a long trader, I was liquidated repeatedly by the contracts until there was nothing left. At my lowest, I only had 20 USDT remaining, along with a sense of despair.
I sent a message to my landlord, saying that I wouldn't have the money to pay the rent until the 27th. The landlord did not reply to my message. Maybe tomorrow the landlord will come to kick me out. The weather outside is a bit cold, but what's even colder is my mood after the liquidation.
Finally, I gathered the courage to borrow money from my best friend again, but he still did not lend it to me.
This is the first time I added a friend in the cryptocurrency circle whom I had never met before. We discussed the intention to collaborate online, but ultimately the collaboration did not succeed. In the end, I shamelessly asked him if he could lend me 2000 USDT. He was willing to lend me money, but he could only give me cash. I was worried it might be dirty money. Transferring cryptocurrency is convenient, quick, and safe, but unfortunately, he was reluctant to give me cryptocurrency, and borrowing USDT also didn't succeed. However, I am still very grateful that he was willing to help me.
A miracle happened at this moment, thanks to Binance.
With only 20 USDT left, at around 6 PM, I accidentally clicked on Binance's 'Reward Center' and saw a 410 USDT contract experience voucher that Binance gave me. I relied on this contract experience voucher to grow my funds to 1032 USDT in one day.
Last night, I sent a thank-you message to my sister via WeChat, expressing my gratitude. Thanks to Binance, and thanks to my sister.
I hope that from now on I will learn to cherish and create beauty along the way.
Now that I have 1032 USDT, I can open a trading position again, but I did not immediately start a spot contract. Look, isn’t this growth for me?
Now let me share my personal cryptocurrency selection logic. Recording my selection logic has been very helpful for me during the review process.
Currently, I hold USUAL and SUI. I also have faith in ENA, but funds are limited, so I made a choice of three out of two.
$BTC A major drop is usually followed by a major rise. For spot trading, a pullback is an opportunity to buy. The three cryptocurrencies that rebounded strongly yesterday caught my attention: ENA, USUAL, SUI.
$SUI I had made a logical prediction in my previous diary entry, so I won't repeat the analysis here. You can refer to my earlier diary entry.
Today, I'd like to talk about USUAL. The first time I wrote about this coin was on December 13 during pre-market trading on Binance, with a price of 0.7 USDT.
$USUAL My understanding of this coin is that it's mostly an angel with a small devil. It reminds me of LUNA. USUAL will either increase by more than ten times or go to zero, but I tend to be optimistic about holding USUAL in the long term, just to prevent a black swan event like LUNA.
