All high-leverage players, take a look. I didn't want to write this originally, fearing to offend anyone.
The stark reality about greed, FOMO, and the ultimate confrontation of human nature. It's also the ultimate showdown between analysts and traders!
This article focuses on every retail investor, analyst, and professional trader!
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I unintentionally stumbled upon past events, which indeed stirred the cryptocurrency circle for a long time. On June 5, 2019, the big shot Hui leveraged 2000 BTC from clients, shorting at 100 times leverage. As a result, BTC didn't follow the script, instead of falling it rose, directly hitting the floor and leading to liquidation! He ultimately chose the most extreme way to exit!
New retail investors or new analysts might not know this person. Back then, he founded the BitEase platform, a legitimate 'big shot in the cryptocurrency circle,' analyzing the market with incredible precision. He truly outperformed all the current plaza analysts; I haven't seen anyone analyze better than him in many years. Sometimes, his accuracy is frightening!
I have indeed made a lot of money, but as the number of followers grew, a trading phenomenon appeared. At that time, it was directly converting to USDT, based on credibility. Back then, the cryptocurrency circle was very clean and pure. Unlike now, where scams are rampant and black USDT is prevalent. Then I made my first bucket of gold and opened the platform.
But when the capital scale increases, it becomes uncontrollable, and ultimately leads to liquidation!
It's similar to the idea of many prominent figures sharing trades now; I'll explain it from three aspects:
For retail investors, regardless of when and where, your leverage on BTC should not exceed 20 times, and on altcoins should not exceed 5 times, regardless of your capital. Don't mention using high leverage to gamble with 10u, thinking of accumulating your first bucket of gold. This is a 2 to 8 probability. Because the market fluctuations in between can lead to your liquidation first. Even if you bet correctly, your leverage cannot drop any further. After enjoying quick profits, the desire will only grow. Don't believe you can lower leverage by being disciplined. This is a human nature issue, and I won't accept rebuttals. Leverage will only grow larger, and capital will only shrink. The outcome will definitely be liquidation. It's just a matter of speed. I've seen too many people like this. Moreover, if you share high leverage on social media, you've already committed the original sin, enticing newcomers or others to use high leverage! People should do good deeds. Every time I post pictures in the plaza, I always specify that each coin starts at 5 times leverage, then profits are added to increase leverage, reducing margin operations. I won't rely on this to attract fans, it's unnecessary, so my followers have never increased rapidly! I don't care about that; a letter is like a person!
For analysts: Analysis is analysis, trading is trading; they are completely different matters. A good analyst is definitely not a good trader, and a good trader must be a good analyst. These are two separate issues.
Analysts: analyze the market. A teacher imparts knowledge and skills. What wisdom have you passed on to your followers, what doubts have you resolved? You must be true to your own conscience and morals; is it to encourage high leverage to earn commissions, or to lure followers into scams at small exchanges?
I'm very afraid when others call me a teacher, because I'm not!
Traders: only care about account profits and losses, seeing only numbers and gains. Everything is purely a matter of risk and reward. Very pure. Traders are the most inward-looking profession in the world. I tell my daughter that I am engaged in the best job in the world. At least, that's what I believe!
I have always encouraged everyone to trade spot, haste makes waste. Moreover, many of my followers have small accounts, and I generally refuse to use my Trend Sprite robot. It's not that I look down on you, but your scale and understanding just don't pass the test. I know that your techniques will lead to losses, and I can't directly tell you that you're wrong, but I will tell you how to solve it, how to trade more steadily, and improve your capital curve. I only set a threshold and don't let you enter my small circle; that's just how it is.
The events mentioned earlier actually happened, so please think carefully! Trading is an art, it is risk management, it is capital growth. It is absolutely not a get-rich-quick scheme like gambling on horse races in Macau!
Thank you!
7 PM live broadcast room address If you have nothing to do in the evening, you can come to the live room to play. If you have any spot currencies, I can use my robot to help you test whether it is worth holding.