$ZEC The contracts in the cryptocurrency world are a beautifully packaged "high-energy trap",
Market fluctuations are severe, and more and more people around are facing liquidation, yet there are still endless individuals who can't resist rushing in.
Why? Because it is so alluring.
I have seen an extreme friend who initially had a margin of 500 U and opened 100x leverage.
Watching the account number soar to tens of thousands of U in an instant, he excitedly increased his position, only to face a pullback and lose everything in the account.
First of all, the temptation of small money leveraging big money is irresistible.
With a margin of a few hundred or a few thousand U, after leveraging, it becomes positions worth tens of thousands or hundreds of thousands; when the market moves, the account feels like it's in an elevator. This fantasy of instant wealth, who can resist?
Secondly, being able to profit from both rises and falls makes many people feel like "any random press will win."
Moreover, with several major news updates in the cryptocurrency world every day, the gambler's mentality is instantly ignited, but the market loves to educate those who are too confident.
What’s worse is the sharing culture; everyone only shares screenshots of tenfold or twentyfold victories, while those who face liquidation always hide their losses.
You think you can replicate success, but you can't see the losses behind it.
High leverage is like a knife, and the cryptocurrency market is fast and ruthless.
Last week's 20% pullback instantly liquidated a large number of people, not giving you any time to react.
To be honest, playing contracts by yourself is easy to end in disaster.
If your mindset is unstable and your position is not well controlled, you will definitely face a disaster.
Disorganized positions, no stop-loss, emotional trading, random gambling, even just one of these can lead to disaster.
But if there is someone helping to keep track of the rhythm and control the positions, the results can be completely different.
The contract itself is not a bad thing; the gambler's mentality is the root of the problem.
You can play contracts, but remember: don’t gamble recklessly, don’t over-leverage, set stop-loss, only use money you can afford to lose, and trade with the trend.
Surviving in the cryptocurrency world is always more important than getting rich quickly.
If you are still bumping around in the cryptocurrency world, why not follow me to take a look? I will pass this light to you!
