If I spend one million to buy a coin with 1,000 times contract leverage, and then that coin rises a thousand times, will the platform give me my one trillion?
Young man, you are too young to know what it means to be the boss.
Come on, I'll play against you. I accepted your 1000 times contract. Theoretically, if the price drops by 0.1%, your position will be liquidated.
I have 20 Bitcoins, and I can easily drop the price by 1% just by trading on the spot market. In the process, you will be liquidated. I made a net profit of 1 million.
Then I spent money to buy back the coins I sold.
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In 2013, I once owned several altcoins. Later, the state issued a document not allowing speculation in virtual currencies, so I stopped. The peak of 2017 produced some remaining Bitcoins and Litecoins. Today there are tens of thousands to hundreds of thousands of altcoins of various colors, but of course, they are all worthless.
PS: Currently there are bankers for Bitcoin, Dogecoin, ETH, and XCH. In other words, there are large funds controlling the market, and as the epidemic ends, the Federal Reserve gradually raises interest rates. As expected, this wave of Dogecoin is the final madness. The collapse of the currency circle is not far away. It is recommended that everyone participate with caution.
#BTC #爆仓 #以太币 It takes three years to enter the industry, five years to master it, and ten years to become the king. Trading is not about getting rich in one go, but about making reasonable profits that can be long-term, stable, sustainable, and highly probable, so that you can continuously obtain wealth. Professionalism creates value and details determine success or failure.
I am the God of Wealth, a veteran in the currency industry, and I only tell the truth. If you are interested in the currency circle and want to get started quickly but feel confused, please follow me and contact me through the homepage. I will provide you with real, valuable advice to help you move forward steadily. Let’s explore, grow and create brilliance in the currency circle together!