Contract gamblers, why should you be careful when trading contracts? Now you will know why most people in the cryptocurrency circle are not suitable for contracts?

Let’s take a look at the real tragedy in the cryptocurrency circle. When the bull market was booming last year, a friend entered the market with more than 700,000 yuan. It didn’t take long for him to make a fortune and got more than 5 million yuan. At that time, he walked with the wind, thinking that he was a new star in the cryptocurrency circle and had more money than he could spend.

But with more money, he became bolder. He started playing with contracts and made a little money at first, which made him smile from ear to ear and full of confidence.

One day he came to me excitedly to talk about investment, saying that he was still using financing and the leverage was increased to five times. When I heard this, my heart was beating fast and I advised him to take it easy, saying that this thing was risky and he might lose everything if the market fluctuated. But he didn't listen at all, saying that he had the advice of an expert and it was very stable.

I advised him to withdraw for three days in a row, but he just wouldn't listen and was still dreaming of financial freedom. As a result, when the Tesla incident happened and Musk said he would not accept Bitcoin, the market went crazy and the price of Bitcoin dropped like a dive. Bitcoin fell by one-third in one day, and other currencies were even worse.

My friend fell from heaven to hell. His contract account exploded. Not only did he lose all his earnings, but he also owed more than 10 million yuan. He was completely stunned and cried like a child. His family was worried that he would be upset.

This incident tells us that contract trading is a double-edged sword. You can make money quickly but lose money quickly. To be in the cryptocurrency circle, you need to be self-aware. Don't be blinded by money, don't trust others easily, and don't push yourself into the fire pit. Only by taking steady steps can you last long.

Why are most people in the cryptocurrency industry not suitable for direct contract trading?

In the cryptocurrency world, contract trading is often seen as a “shortcut” to get rich quickly, but in fact, it is not suitable for most people. This is mainly because most people are eager to achieve success and accumulate wealth quickly, but ignore the risks.

Most participants in the cryptocurrency circle are salaried workers with limited funds, and they often come in with the dream of "turning over". They hope to increase their value quickly through contract trading with a small amount of money. However, contract trading is extremely risky, and market fluctuations may cause investors to suffer heavy losses in an instant, or even lose all their money.

In contrast, although holding spot stocks has a slow return, the risk is lower. However, for wage earners, even if the spot stocks double, it may not be enough to completely change their lives. Moreover, holding spot stocks requires patience and determination, and not being easily shaken in the face of market fluctuations is also a challenge for many people.

Therefore, for investors with limited funds, if they cannot bear the high risk of contract trading, they may consider other more stable investment methods. Of course, this does not mean that you cannot touch contracts at all, but you should look at it rationally and not regard it as the key to getting rich overnight.

In the cryptocurrency circle, many people have had experience in contract trading. Some will advise novices to be cautious, while more will remind everyone to have awe of the entire cryptocurrency market.

Contract gamblers, it is better to be careful.