Do you think the 50% drop in the cryptocurrency market is a big deal?
1. Numbness to 50%-80% fluctuations: After experiencing large fluctuations in the cryptocurrency market, users are no longer surprised by drastic price fluctuations.
2. Leverage is not recommended: Users emphasize that even people with high net worth have suffered heavy losses due to leveraged trading, and believe that leveraged trading is an extremely high-risk behavior.
3. Professionals are also prone to losses: Even for professionals, leveraged trading has the risk of huge losses, so ordinary investors are not recommended to use leverage.
4. Leverage trading is extremely risky: Users believe that in the current market environment and capital volume, leveraged trading is almost equivalent to "jumping off a building" because it is very easy to be "liquidated" or lose money when the market fluctuates violently.
5. Leverage risk in altcoins: In the market value management of many altcoins, leveraged trading often finds it difficult to survive because these currencies are highly volatile and risky.