"Why is contract trading as addictive as drugs?"
Suppose your monthly salary is 5,000 yuan. In contract trading, you use 5,000 yuan as principal to make a 100-fold contract. As long as the price rises by 1%, you can earn 5,000 yuan. In the field of cryptocurrency, except for masters with large funds and small positions, most people are gamblers with high leverage. In extreme market conditions, the price may fluctuate by 1-2% per minute, which means you may earn several months' salary in a few minutes. The most exciting thing about contract trading is the compound interest effect. When assets increase from 10,000 to 20,000, the return is 100%. When assets increase from 20,000 to 40,000, the return is still 100%. Asset growth is accumulated in multiples: 40,000 becomes 80,000, 80,000 becomes 160,000... and so on.
When BTC rises by 1%, the profit of the spot purchased with 100,000 yuan is 1,000 yuan. Seeing others use 100,000 yuan to make 100 times leverage contracts, with the same market fluctuations, other people's wealth is growing in multiples. Soon, watching others posting orders, you can't resist the temptation of high returns and invest in contract trading. At first, you try to open orders with a small amount. You make some money by luck, so you feel confident that you have mastered the skills of opening orders and start to increase your position to open orders. But you find that your assets are rapidly losing money. You continue to think that you will not be wrong, and you are reluctant to cut your losses. You continue to hold orders, and then it doesn't take long for your position to explode.
Don't miss out on the bull market, you can eat meat every day
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