Even though Laobi has experienced a contract liquidation before, I always believe that the contract as a financial product itself is not a scourge. The reason for losing money lies with people. For a small number of people, it is a tool to get rich.

People have seven emotions and six desires, especially the greedy nature, which is infinitely magnified in the contract. Especially those newbies who have just entered the circle, they particularly like to do contracts, they will definitely lose money.

They don’t know how to stop profits when they make money, and don’t know how to stop losses when they lose money. They don’t know how to control their positions, and they like to go all in. Many of them even like to borrow money to go all in. Their final solutions are very tragic, and they turn into promoters and supporters of cryptocurrency scams.

But I have been in the cryptocurrency circle for so many years and have met some experts. They have indeed made money through contracts, but novices should try not to touch contracts.

In the digital currency market, leveraged trading undoubtedly provides investors with more profit opportunities. However, we must also be aware of its potential risks.

In the process of pursuing wealth, please be rational and cautious, cherish the hard-earned wealth and happy life. Do not fall into a situation where you cannot extricate yourself because of temporary greed.

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