After experiencing the big drop on April 12 and 13, I felt that making money was not as easy as before, so I reduced some positions and repaid most of the loans. Now I regret reducing my positions and repaying my loans, because I found some basically risk-free arbitrage methods. In fact, when the market was good at the beginning of the year, the USDT current interest rate of BNB could reach more than 20%. The highest interest rate for my loan was Jiebei, with an annual interest rate of 11.6%. The lowest consumer loan in the bank was 3.6%, and the highest was 9%. At the highest time, I borrowed a total of 950,000, which was almost all the banks with quotas. Now I still owe 130,000 that I haven't paid off. In fact, I don't have to pay it back to this level. It's hard to bear. It is easy to encounter a bull market. If you only hold USDT, you can still participate in some higher-yield products. After deducting the loan interest, you can get an annualized return of about 8%. Some second-tier exchanges such as Gate and Bitget have some products that use USDT to participate and achieve a return of 16%. After deducting the interest, you will get an 8% return. If you use 500,000 to participate, you can get more than 3,000 yuan a month. Some people may think that using 500,000 to earn more than 3,000 yuan a month is too little, but using USDT to participate is basically risk-free. Regardless of the exchange rate, if it is your own 500,000, you can get more than 6,000 yuan a month, which is equivalent to an ordinary person’s monthly salary.

Now if a person has a slightly better credit, he can still borrow hundreds of thousands of dollars from various consumer loans, but there are several risks:

1. The biggest risk is that you may not be able to control your hands and use the hundreds of thousands of dollars borrowed to open contracts or buy other coins. This way of playing can only hold USDT, do not buy other coins, not even Bitcoin, let alone open contracts

2. The probability of second-tier exchanges running away is relatively small, especially in the bull market

3. When you withdraw money, you encounter black money. In fact, since you are borrowing money, you will repay the money immediately after withdrawing money. Even if you encounter black money freezing, it will only make your card unusable, and there is no money to freeze it

4. Exchange rate fluctuations. It feels that as long as you deposit money when the market is good, the exchange rate premium will be less.

In fact, you can find some soup to drink in this market, but you are afraid that your heart is high and your life is thin. At this time, borrowing money to buy coins, whether it is buying Bitcoin or altcoins, or even playing contracts, it is easy to capsize. At this point in time, it is good to earn some capital preservation income.Don't just learn to do it just because I borrowed nearly 1 million. I bought BNB for the first time at the end of November 23. At that time, 200,000 RMB could buy 94 BNBs. How much can 200,000 buy now? Now I think the bubble of new coins in the currency circle is particularly large. Although I am a holder of BNB and a beneficiary of the new coin bubble, I still have to say that the new coin bubble is particularly large. The total market value of a new coin is at least 20 billion RMB. I don't know what 20 billion means, but I know that a chemical plant in my hometown covers an area of ​​more than 1,000 acres, and three or four thousand people work in it. The holding company of this chemical plant has a market value of only 8 billion RMB in A shares.

At present, everyone is immersed in the bubble and cannot extricate themselves. BNB is also built on the bubble of many new coins. It's just that everyone is unwilling to think about it now. When the bubble bursts, you will find out why you chased the coins that were overestimated at the beginning.