Coin Circle Story - Frustrated People in the Bull Market
There is a kind of people in the coin circle who have survived 94 and 312. Countless corpses have made them contract-savvy! They make a living by trading and support their families by trading. They can be called veteran leeks who have experienced hundreds of battles.
They are extremely good at short selling, because with the experience of the coin circle over the years, there are rarely continuous rises. At most, they rise a few waves and then they will smash a wave to clear the market.
So their trading method is to open a short position when Bitcoin rises to a high point, then rise again, increase the position to open a short position, rise again, and increase the position to open a short position again. Wait for a wave to smash, and then this wave will make all the principal and interest back.
With many years of trading experience, they never fail. They call their operating methods "Chan Theory", because they have made a lot of profits in the past. They even say that they have unlimited margin. As long as the margin is enough, they can make a profit with their eyes closed.
On March 13, 2020, Bitcoin fell from nearly $20,000, the high point of the last bull market, to $3,800.
On this day, all the longs were killed.
Although the air force was alive and well, no one would open a short position at this point. Because the drop was too severe.
But starting from this point
$3,800 doubled in one month to $7,000
It doubled again in two months to $10,000
Under the spread of the epidemic, it doubled in two months. At this time, most of the longs who made profits at low points closed their positions.
But many air forces can no longer hold back their excitement and are ready to make another move to make a big one.
They think that even if the market is going to rise again, at least it will hit hard, such as from $10,000 to $5,000, and clean up the people who made profits in this wave.
As a result, Bitcoin started to rise again
In 5 months, Bitcoin rose from $3,800 to $12,500 without stopping, and it went straight up.
At this time, all the short sellers, even those who made profits from contracts in the past few years, all rushed in, and they must not miss this opportunity to make a fortune by short selling.
As a result, after a small plunge in Bitcoin (a drop of $2,600), it started to rise all the way.
In less than a year, Bitcoin rose directly from $12,500 to $20,000, $30,000, $40,000, $50,000, and $60,000, without even a pause in the middle, and it went straight up.
My friends in the Air Force added a lot of margin again and again to avoid liquidation, and finally put all their money on it, even borrowed all the loans they could to add margin
But they still couldn't withstand the big surge in the bull market.
The old leeks in the Air Force basically all liquidated and died. .
And my friends have long disappeared in the waves of incredible market conditions over the years.
If you love someone, send him to speculate in Bitcoin, because this is the biggest bubble in human history. The 22 million-fold increase has blinded countless people and made them look forward to getting rich overnight.
If you hate someone, send him to speculate in Bitcoin, because since he has become fascinated by Bitcoin, everything in the world has lost its appeal to him. One day in the currency circle is a thousand years in the world. From then on, family affection, love, stock market, and bond market have become dung in his eyes, and he will lose his humanity from then on.
