Why are most people in the cryptocurrency circle not suitable for contracts?
From the failure example of my friend in the cryptocurrency circle, a Beijing man who played contracts and was liquidated n times, he was in debt of 60 million yuan, his wife and children were separated, and he sold his two houses in Chaoyang 3rd Ring Road in Beijing to tell you: why most people in the cryptocurrency circle are not suitable for contracts!
The risk of cryptocurrency contracts is extremely high, far exceeding ordinary investment, and it is almost a road of no return. Contracts are only suitable for a small number of investors with professional knowledge and resources. The following are four reasons why most people should not get involved in contracts:
Risk amplification: The cryptocurrency circle itself fluctuates violently, and contract trading multiplies the risk. Once involved, the risk is close to 100%. Market manipulation: Many people mistakenly believe that contract trading is fair, but exchanges may actually use a large number of chips to manipulate the market, causing investors to blow up their positions.
Human weakness: Contract trading amplifies the temptation of income, easily stimulates greed in human nature, causes investors to indulge in it, and may eventually fall into tragedy. Strong professionalism:
Contracts require a lot of professional knowledge and professional data, and there are many quantitative institutions in the cryptocurrency circle that are doing contracts.
They have big data, the smartest people in the world, and are more likely to collude with exchanges privately to make money together. So they can survive in the cryptocurrency circle by doing contracts.
Most people are ordinary people, and their financial knowledge, resource management capabilities, cash reserves, etc. are actually insignificant. We cannot enjoy some of the resources of the core layer of the cryptocurrency circle.
Therefore, doing contracts is basically a dead end. Even though I have said so much, there are still many people who will try contracts