At 8 or 9 last night, I received a private message from a friend here. He was in a heavy and regretful mood and very scared. I reminded him when he first entered the currency circle not to take risks in borrowing and investing. I told him that with a few hundred U, he should steadily deploy spot and embrace Bitcoin and Ethereum.
But he did not follow my advice. He chose the full warehouse contract, trying to make a huge profit in a short period of time. In the previous wave of rising market, he did make a few hundred. At that time, he was in high spirits and probably felt that my method of making money was too inefficient, so he started to operate alone.
But the good times did not last long. The subsequent two waves of callback market not only made him give up his profits, but also lost 50% of his principal. Today, he is almost in danger of a liquidation, and the order has suffered serious losses.
He showed me his operation records. He actually went all in for 200,000 U and opened a leverage of more than 20 times at a high of 70,800, trying to recover the loss in one fell swoop.
I told him at the time that the most important thing now is to keep his order. No matter what method he uses, he must keep this order. Because it is entirely possible for Bitcoin to rise to 72,000, but the premise is that he can hold on to the end. As of now, BTC is already at 70,743.
To be honest, his desperate approach really shocked me. He did not leave himself any way out. Once the market fluctuates slightly, his funds may disappear. Fortunately, BTC fell to 67,518 at its lowest point last night, just one step away from his liquidation point of 67,481.
This can be said to be God's favor to him.
Here, I want to say to all the friends who read this article that the currency circle is a place for investment, not a place for gambling. We should treat every investment with a rational and prudent attitude. Don't be dazzled by short-term profits, let alone take risks of borrowing or betting everything. Only by keeping calm and patient can we go further in this market full of opportunities and risks.
I have been working in the currency circle for several years, and I have in-depth insights into various issues. I am always welcome to communicate and discuss with you. View the pinned post → 避風港Here only a group of like-minded partners gather. Our common goal is to work together to reach the pinnacle of wealth and achieve mutual success. This is a marathon, not a 100-meter sprint.
#ENA #Saga $CKB $SOL $UNI
