🔥WHAT WILL YOU DO IN THIS CASE? 😕
My friend called yesterday to urgently borrow USDT to save the margin fire $SUI , when the price dropped below 0.6x$.
I usually deduct a portion of my monthly income, DCA coin according to the price, so I still have USDT. However, I can only lend 1/5 of the stablecoins in my wallet. 🙄🙄
👉Of course he wanted to borrow more, even suggested that I margin the altcoins I was holding to get more USDT, but I refused.
The result is as you can guess ====> Burn 🙄
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Actually, this is not the first time I have been lent USDT urgently by friends or acquaintances to pump armor, so I understand that this case has the same result.
Not lending is not good either
But lending means waiting for people to get money from somewhere else to pay, because the coins are all burned. The market will push until there is no more blood to pump armor, then it will fly up again.
For example, with $SUI , I think the current surge is not necessarily due to real buying power. It could be due to the SHORT orders of the sharks above closing simultaneously. They are satisfied with the profit and spend money to buy back SUI to pay the margin, causing the SHORT SQUEEZE phenomenon, causing the price to increase rapidly.
But anyway, no matter what causes SUI to increase or decrease, the accounts of many LONG SHORT margin members have returned to 0.
🤔If you were a friend of ours, would you lend them to save the fire? Even though you know 90% will still burn?
