I'm hesitant to leverage long right now; spot has been down for several months. If even $BNB has dropped, what else can’t fall?
Post
--
快刀富
·
--
Brothers, last night was a bloody tragedy in the group! Some guy went all-in with a contract of $DOGE and longed it, only to get wrecked by the market makers in a single spike—6000U vanished into thin air! I tried to give him some friendly advice, like, why go for 100x leverage, just buy some spot and be more secure. But this dude wasn’t having it, he shot back at me: "Your spot’s down 40%, what’s the difference with my liquidation zeroing out?"
Honestly, can it even compare? My spot holdings (like my 🐸 $PEPE ) may be underwater, but the coins are still chilling in my wallet. As long as I don’t panic sell, I haven’t lost; I can just ride out the project and wait for the tide to turn! And him? His doge (#DOGE ) is just gone, even his chips to get back in the game have been taken away, that’s the real despair!
Looking at the market data is even scarier; in the past 24 hours, the total liquidation of longs skyrocketed to 439 million dollars! Everywhere you see the fear index dropping to 17, with people shouting "When others are fearful, I’m greedy, time to bottom fish!" But let me say something from the heart, what’s really scary right now is those smart-alecks trying to bottom fish with high leverage!
In a plummeting market, bottom fishing itself isn’t wrong, what’s wrong is diving in with leverage while catching falling knives. The market makers love to create fake rebounds during extreme panic, luring in the leveraged longs, then BAM, they get wiped out in one go. Losses on spot are just unrealized losses, weather the storm and it’ll be spring; a liquidation on contracts is a hard zero, and even the gods can’t save you. Remember, staying alive is more important than anything else—unload that leverage, hold your spot, and don’t get forced out before dawn!
Honestly, can it even compare? My spot holdings (like my 🐸 $PEPE ) may be underwater, but the coins are still chilling in my wallet. As long as I don’t panic sell, I haven’t lost; I can just ride out the project and wait for the tide to turn! And him? His doge (#DOGE ) is just gone, even his chips to get back in the game have been taken away, that’s the real despair!
Looking at the market data is even scarier; in the past 24 hours, the total liquidation of longs skyrocketed to 439 million dollars! Everywhere you see the fear index dropping to 17, with people shouting "When others are fearful, I’m greedy, time to bottom fish!" But let me say something from the heart, what’s really scary right now is those smart-alecks trying to bottom fish with high leverage!
In a plummeting market, bottom fishing itself isn’t wrong, what’s wrong is diving in with leverage while catching falling knives. The market makers love to create fake rebounds during extreme panic, luring in the leveraged longs, then BAM, they get wiped out in one go. Losses on spot are just unrealized losses, weather the storm and it’ll be spring; a liquidation on contracts is a hard zero, and even the gods can’t save you. Remember, staying alive is more important than anything else—unload that leverage, hold your spot, and don’t get forced out before dawn!