The World Cup upset and liquidation in contracts are essentially the same thing.
I watched the Netherlands match where they lost 0-3.
Before the game, the odds had Netherlands giving 1.5 goals,
but the comments post-game were full of "match-fixing" accusations.
How is this different from the futures market?
You’re bullish on a certain coin,
you open a 10x long position,
then a sudden piece of news hits,
price spikes against you,
your position gets liquidated.
Just like that Netherlands match,
you were confident in the Dutch team,
you placed a hefty bet,
then three goals later,
your money is gone.
The difference is:
in football, you can cry foul about match-fixing,
in contracts, you can say the whales are manipulating the market,
but the truth might be the same — you misjudged the odds.
Upsets aren’t impossible,
liquidations aren’t impossible,
the real question is: did you leave any room for "impossible" in your position?
#BinancePickAndWin
I watched the Netherlands match where they lost 0-3.
Before the game, the odds had Netherlands giving 1.5 goals,
but the comments post-game were full of "match-fixing" accusations.
How is this different from the futures market?
You’re bullish on a certain coin,
you open a 10x long position,
then a sudden piece of news hits,
price spikes against you,
your position gets liquidated.
Just like that Netherlands match,
you were confident in the Dutch team,
you placed a hefty bet,
then three goals later,
your money is gone.
The difference is:
in football, you can cry foul about match-fixing,
in contracts, you can say the whales are manipulating the market,
but the truth might be the same — you misjudged the odds.
Upsets aren’t impossible,
liquidations aren’t impossible,
the real question is: did you leave any room for "impossible" in your position?
#BinancePickAndWin