Playing contracts? Shorting altcoins? I advise you to be kind and not dig a pit for yourself!☠️

Having been in the crypto circle for so many years, I have witnessed too many tragic situations of liquidation! Especially for those brothers who love playing contracts and shorting altcoins, I really feel for you!😅

Long and short may look like 'steering wheels', but the risks are completely on different levels, okay?! Going long, you can only lose your principal at most, but if you get it right, the profit potential is limitless!🚀 But going short? The profit is limited because it can only drop to 0 at most. But what if the altcoin you short suddenly has a 'pump'? Then your loss is unlimited!🤯

I remember once, a friend of mine just wouldn’t listen, insisting on going all in to short an altcoin, and what happened? The project team directly pumped it, and even his wife's secret money was lost, kneeling on durians couldn’t solve the problem!😭

So, don’t listen to those 'know-it-alls' who are misleading, altcoins are highly volatile with small market caps, going short is just asking for trouble! If you want to play contracts, at least play mainstream coins, the risk is relatively controllable. Remember my words, shorting altcoins is like playing with fire and burning yourself!🔥

#ContractTrading #ShortingRisk #Altcoins Personal experience, not investment advice, DYOR!