Phyrex
Phyrex|Mar 04, 2025 18:35
To be honest, I really don't like contracts. This thing makes money quickly, even if it's not. In 2021, I made some money with my colleagues in the company, among whom my CTO earned a relatively large amount. The zoo had opened a fivefold contract to go long in ETH. The night before the sharp drop of 519, we had dinner together. My other friend and I also advised him not to open a contract, it's too dangerous. But he made money from the contract, and it wasn't that difficult to make money when the market was rising. Almost everyone who opened more was making money, so he had the illusion that he was the chosen one. I still remember him telling me: Five times leverage means a 20% drop. If ETH can drop 20% all at once, then everyone will die with me, and I don't care anymore The background at that time was that 519 had just experienced a drop before, and then rebounded. During the rebound, he opened multiple orders, so in fact, he was making money at that time. And he felt that it was a bull market now, and there would be no problems. The 5-fold leverage was very safe. At that time, he invested almost all the money he earned in the industry. As a result, when I arrived at the company the next day, he was already speechless. Since 2020, most of the money he earned with him has been gone. Although he is in this industry, he only began to believe in cryptocurrency in 2020. It's interesting that things started off smoothly, but just once, he hit rock bottom. So I am very aware of the risks of the contract. I have personally suffered many losses, so I am already very honest. It is just an ant order for market forecasting. Thank you
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