No matter how beautiful your account PnL (realized gains) is, it only counts when you withdraw it.

How many obstacles are there between paper profits and real improvement in life?

First is the inherent greed of humans. Once you taste the sweetness of making money from leveraged contracts, you won't stop easily. Over time, it will distort your perception of money. To many seasoned traders, 10,000 USDT is nothing, but in real life, it is actually a significant portion of many people's disposable income for a year. Therefore, as long as the money is still in the exchange, it can continue to expand. Withdrawing means giving up the appreciation of wealth, and then black swans like 10.11 are waiting for you ahead.

In the eyes of the exchange, the money that enters the contract account is equivalent to the exchange's own money; it is just temporarily held by the user. As long as the other party doesn’t exit, there will always be an opportunity to liquidate them.

Many people say, well, I set stop-loss and take-profit on every trade, and manage my positions well, I can't get liquidated, right? Indeed, it's not that easy to get liquidated anymore, but you can't withstand the chronic blood loss caused by frequently hitting stop-losses, then the user's blood rushes to their head, leading to revenge trading, ignoring the trading system established earlier—ultimately still on the path to zero.

Therefore, as long as you are still trading contracts, the money in your account is really just a number. It can be increased by several zeros or can immediately drop to zero. Even so, many users still think they are investing.

If one day you really see through all this and decide to withdraw, at this time, the stockholders who usually sell their miseries will come to laugh at you. Can the coins you trade be withdrawn? We don’t want to trade in the stock market anymore. If we sell now, we can immediately withdraw it to our bank card and turn it into tonight's drinking money. No matter how much it is, we won’t receive a call from Brother Jing.

Not to mention the cost of withdrawing coins, if you receive funds from unknown sources, just cry, converting large amounts of virtual currency into fiat is as thrilling as doing contracts themselves.

Now, although it's said that quality investment targets are scarce, we still have choices. There are more than 5,000 individual stocks in the A-shares, over 1,000 ETFs, and for high-risk investors who like leverage, there are 164 types of futures.

For flexible investors, there is also a vast market for Hong Kong and US stocks. Trading coins really doesn't make much sense unless it is out of a natural distrust of fiat currency, holding some spot BTC assets.

Let me tell a ghost story. Even in Korea, where they once loved trading coins the most and made it an e-sport, the enthusiasm for trading coins has waned.

Average daily trading volume of the mainstream Korean exchange Upbit

Thank you for watching. I am Xiao Fei, nice to meet everyone. Xiao Fei focuses on Ethereum contract spot ambush, and the team still has positions available to get on board quickly, leading you to become the house and also the winner. #加密市场反弹 $ETH$BTC