Why don't you play contracts when speculating in cryptocurrencies?

Why don't you do contracts? Cryptocurrency exchanges are market makers. Doing perpetual contracts is equivalent to betting against exchanges. Exchanges will make precise pins based on the distribution of perpetual contract chips to blow up the counterparty at a fixed point. The main reason for the surge in Bitcoin these days is that there are a pile of 20 to 10 times the perpetual contract short chips around 50,000, and then the exchange launched a market to pull them up and blow them up, at $64,000.

These accumulated short chips were basically blown up and then reversed to smash the long contracts, and then the market returned to normal. At different stages, there will always be different mentalities, and in different situations, there will always be different ideas.

When things go smoothly, when you are lucky and profitable, you always want more. When you are in a desperate situation, frequent trading leads to losses, and you pray silently in your heart, just to save your life, as long as you give me the original freedom and principal, nothing else matters.

Contracts, through leverage, magnify human greed and turn you into a gambler. If you lose, you want to win back what you lost, and if you win, you want to continue! #杰克逊霍尔年会 #BTC