Unexpected outcomes in the World Cup and liquidation in contracts are fundamentally the same thing.
I watched the Netherlands match where they lost 0-3.
Before the game, the odds had the Netherlands giving 1.5 goals,
and the comments section was flooded with "match-fixing".
How is this different from the futures market?
You’re bullish on a certain coin,
open a 10x long position,
then a sudden news flash hits,
price spikes against you,
your position is wiped out.
The Netherlands match was similar;
you were confident in the Dutch team,
placed a hefty bet,
then three goals against you,
your cash is gone.
The difference is:
in football, you can claim match-fixing,
in contracts, you might say the house controls the game,
but the reality could be the same—your understanding of probability was off.
An upset isn’t impossible,
liquidation isn’t impossible,
the question is whether your position allowed space for the "impossible".
#BinancePickAndWin
I watched the Netherlands match where they lost 0-3.
Before the game, the odds had the Netherlands giving 1.5 goals,
and the comments section was flooded with "match-fixing".
How is this different from the futures market?
You’re bullish on a certain coin,
open a 10x long position,
then a sudden news flash hits,
price spikes against you,
your position is wiped out.
The Netherlands match was similar;
you were confident in the Dutch team,
placed a hefty bet,
then three goals against you,
your cash is gone.
The difference is:
in football, you can claim match-fixing,
in contracts, you might say the house controls the game,
but the reality could be the same—your understanding of probability was off.
An upset isn’t impossible,
liquidation isn’t impossible,
the question is whether your position allowed space for the "impossible".
#BinancePickAndWin