There are always people who say that BTC is a scam; when Bitcoin was at 10,000 USD, some said it was a scam, and now that it's at 100,000 USD, there are still people who say it's a scam. So, what can we say? Has it arrived? Let's take a look at where Bitcoin stands today. At the beginning of April, Bitcoin was around 74,000 and experienced a very strong double bottom pattern, reaching around 104,000 today in just a month, almost back to the position it was at before the New Year. The previous highest point was around 109,000. Let's fantasize for a moment: if you had 10,000 USD and you were trading contracts, and you fully invested with 10x leverage when it was at 74,000, how much profit could you make today?
You would have made a profit of 40,539 USD, which is roughly 300,000 RMB. Hehe? Isn't it nice to dream like this? Back to the main topic, has it really reached its peak? I think it can reach 120,000. I'm bullish, by the way. There are always people who feel that these virtual things are intangible and that others can run away at any moment. This is a cognitive issue. If you want to preserve your capital, saving in a bank is the most suitable option. As the old saying goes: "The timid starve, while the bold get fat." There are too many people who found freedom in the cryptocurrency world overnight.
Note, there are also many who have lost their lives playing this game because they treat it like gambling. The fantasies mentioned above only work if the direction is right; what if it's wrong? Let's take a look again.
At 66,901.1, you would get liquidated. It might take less than a day for your 10,000 USD to disappear. That wouldn't be pleasant...
So, I remind all newcomers: please stop your fantasies of getting rich quickly. Learn more, only do what is right, do what you understand, and follow the trend. If you treat it like gambling, you will eventually face liquidation.
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